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U S Well Services Issues $125 5 Million Convertible Senior Secured PIK Notes, Executes License Agreement with ProFrac Manufacturing, LLC and Finalizes Amendment to Senior Secured Term Loan

U S Well Services Issues $125 5 Million Convertible Senior Secured PIK Notes, Executes License Agreement with ProFrac Manufacturing, LLC and Finalizes Amendment to Senior Secured Term Loan
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United statesAlisa elliottJoel broussardJosh shapiroA division of piper sandlerSenior secured term loan facility the companyUs well service clean fleetCommittee of the board directorsExchange commissionUs well servicesCompany clean fleetProfrac manufacturingUs well services incSource us well services incSimmons energyUs well service

U S Well Services Announces Move Towards Full Electrification of Portfolio

Share this article Share this article HOUSTON, May 24, 2021 /PRNewswire/ U.S. Well Services (Nasdaq: USWS) ( USWS or the Company ) today announced its commitment to becoming an all-electric hydraulic fracturing services provider and expects to have fully exited the diesel frac market by the end of Q4 2021. As a result of this strategic transition, USWS expects to become the first publicly-traded, pure-play electric completions services provider. The Company also announced it has entered into a definitive agreement to sell certain diesel-powered hydraulic fracturing equipment to a privately-held buyer for net proceeds of $21 million, subject to certain closing conditions. Further, the Company is in active negotiations with several counterparties and anticipates entering into a series of additional transactions to sell the majority of its remaining diesel fracturing equipment as well as certain power generation assets. In total, the Company believes it should generate

United statesJoel broussardJosh shapiroExchange commissionUs well servicesUs well services incUs well services nasdaqSource us well services incUs well serviceSecurities exchangeService presidentClean fleetClean fleetsSecurities actSecurities exchange actAnnual report

U S Well Services Announces Next-Generation Nyx Clean Fleet® Pump

Share this article Share this article HOUSTON, May 19, 2021 /PRNewswire/ U.S. Well Services (Nasdaq: USWS) ( USWS or the Company ) today announced the next generation of its proprietary Clean Fleet® technology with the unveiling of its newly designed Nyx Clean Fleet® frac pump. Nyx will use our patented PowerCube, driving two independently controlled electric motors and frac pumps to provide 6,000 hydraulic horsepower ( HHP ) on a single trailer. Based on current pricing from vendors, U.S. Well Services expects that it can deliver a Nyx Clean Fleet®, consisting of ten pump trailers totaling 60,000 HHP, two blenders and a combination switchgear for a capital cost of approximately $23 million.

United statesLon robinsonJosh shapiroUs well services nyx clean fleetExchange commissionUs well servicesUs well services incTechnology officerUs well services nasdaqSource us well services incSecurities exchangeUs well serviceClean fleetNyx clean fleetService chief technologyGrizzly manufacturing

U S Well Services Announces First Quarter 2021 Financial and Operational Results

/PRNewswire/ U.S. Well Services, Inc. (the "Company", "U.S. Well Services" or "we") (NASDAQ: USWS) today reported first quarter 2021 financial and.

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U S Well Services Announces First Quarter 2021 Earnings Release Date and Conference Call

/PRNewswire/ U. S. Well Services, Inc. (NASDAQ: USWS) will issue its financial and operating results for the first quarter 2021 before the market opens on.

United statesKen dennard lisa elliottJosh shapiroUs well servicesUs well services incPrnewswire us well services incSource us well services incUs well serviceInvestor relationsஒன்றுபட்டது மாநிலங்களில்கேன் டென்னர்ட் லிசா எலியட்ஜோஷ் ஷாபிரோஎங்களுக்கு நன்றாக சேவைகள்எங்களுக்கு நன்றாக சேவைகள் இன்க்மூல எங்களுக்கு நன்றாக சேவைகள் இன்க்எங்களுக்கு நன்றாக சேவை