/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.
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HOUSTON, May 12, 2021 /PRNewswire/ U.S. Well Services, Inc. (Nasdaq: USWS) (the Company ) announced today in a Current Report on Form 8-K, that as a result of the recent guidance issued by the Securities and Exchange Commission (the SEC ) on April 12, 2021
1 for all SPAC-related companies regarding the accounting and reporting for their warrants (the SEC Statement ), it will restate its previously issued consolidated financial statements as of and for the years ended December 31, 2018, 2019 and 2020, as well as for the quarterly periods in the years ended December 31, 2019 and December 31, 2020. Any corrections in the accounting for the Company s warrants described below are expected to be non–operational and non-cash, and thus are not expected to have any impact on the Company s Revenue, Operating Income, or non-GAAP financial measures, including EBITDA, Adjusted EBITDA and Adjusted EBITDA margin in prior periods or moving forward.
HOUSTON, May 7, 2021 /PRNewswire/ U.S. Well Services (Nasdaq: USWS) ( USWS or the Company ) today announced it has performed a successful electric fracturing field trial with Callon Petroleum ( Callon ), completing over 160 frac stages in 23 days on a three well pad located in the Midland Basin. The Company estimates that by using the Clean Fleet® electric fracturing solution rather than a conventional diesel powered frac fleet, Callon eliminated over 270,000 gallons of diesel fuel and reduced CO
2, particulate matter and NOx emissions. U.S. Well Services is proud of the work we performed for Callon, commented Joel Broussard, USWS President and CEO. This trial once again demonstrated the Clean Fleet® technology s ability to reduce completion costs through fuel savings and minimize the environmental impact of well completions. It is exciting to work with a best-in-class E&P operator like Callon and help them explore the benefits of electric fracturing. We l
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HOUSTON, May 7, 2021 /PRNewswire/ U.S. Well Services ( USWS or the Company ) today announced it has performed a successful electric fracturing field trial with Callon Petroleum ( Callon ), completing over 160 frac stages in 23 days on a three well pad located in the Midland Basin. The Company estimates that by using the Clean Fleet® electric fracturing solution rather than a conventional diesel powered frac fleet, Callon eliminated over 270,000 gallons of diesel fuel and reduced CO
2, particulate matter and NOx emissions.
U.S. Well Services Announces Successful Electric Fracturing Field Trial with Callon Petroleum U.S. Well Services is proud of the work we performed for Callon, commented Joel Broussard, USWS President and CEO. This trial once again demonstrated the Clean Fleet® technology s ability to reduce completion costs through fuel savings and minimize the environmental impact of well completions. It is exciting to work wi
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