Benzinga | Jan 11, 2021 04:16PM EST

U.S. Well Services And Range Resources Corp. Finalize Extension Of Electric Frac Contract

HOUSTON, Jan. 11, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (NASDAQ:USWS) today announced it has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources Corp. (NYSE:RRC) in the Appalachian Basin.

"We are excited to continue working for Range with our revolutionary Clean Fleet(r) electric hydraulic fracturing solution," said Joel Broussard, U.S. Well Services' President and Chief Executive Officer. "Together our companies have partnered to execute Range's development strategy while continuing to reduce emissions, noise and fuel consumption required of well completions. Range is a top-tier E&P operator, and we look forward to supporting their completions program."

"Range is a leader in capital efficiency, well costs and reducing emissions intensity thanks to the implementation of advanced technologies like U.S. Well Services' electric fracturing fleet. This partnership allows us to improve our class-leading well costs, while helping to make substantial progress towards our ambitious goal of net-zero greenhouse gas emissions," said Jeff Ventura, Range Resources' President and Chief Executive Officer.