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Shale investor Dan Wilks takes active stake in NexTier Oilfield Solutions


By Reuters Staff
2 Min Read
(Reuters) - Shale investor Dan Wilks on Monday reported a 5.13% active stake in NexTier Oilfield Solutions, saying the shares of the U.S. provider of hydraulic fracturing services are “undervalued” and that he may push for a sale or other alternatives.
The billionaire Wilks brothers have been acquiring stakes in hard hit services firms across North America, with Dan Wilks last month reporting a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp.
Wilks Brothers LLC already owns hydraulic fracturing firm ProFrac Services and had recently engaged in a lengthy takeover battle for Canada’s Calfrac Well Services Ltd. ....

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ProPetro Names Adam Muñoz as Successor to COO David Sledge


Business Wire
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ProPetro Holding Corp. reported on Dec. 21 that David Sledge, the current COO, will be succeeded in his role by Adam Muñoz at the end of 2020.
David Sledge, who joined ProPetro in November 2011 and currently serves as COO, will step down from the role at the end of the year.
David’s tenure with ProPetro spanned a period where the company grew from just a single operating hydraulic fracturing fleet to as many as 27 active fleets. David also oversaw an operational and safety record that is well regarded across the industry. He previously served on the board of directors of Comstock Resources Inc. from 1996 to 2018. Prior to joining ProPetro, Sledge was vice president of drilling for Basic Energy Services from 2007 to 2009 and was president and COO of Sledge Drilling Corp., which was sold to Basic Energy Services in 2007. David also spent 25 years working with his father, Gene Sledge, at Gene Sledge Dr ....

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