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US Well Services (USWS)

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17
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283
Created
12/27/19
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U.S. Well Services, Inc., formerly Matlin & Partners Acquisition Corporation, provides electric and mobile stimulation system powered by natural gas fueled by locally supplied field gas or alternative natural gas sources. It also provides high-pressure hydraulic fracturing services in unconventional oil and natural gas basins. Its technology includes PowerPath, FRAC MD, SANDSHIELD, OPTI-FLEX and Clean Fleet. PowerPath technology provides high voltage 13,800 volt electrical power for remote hydraulic fracturing operations. FRAC MD technology reduces non-productive time and increase safe stages per day by mitigating premature failures of its equipment. SANDSHIELD technology mitigates silica emissions below permissible exposure limit. OPTI-FLEX is designed to simplify and extend the capabilities of traditional fracturing fluid systems. Clean Fleet technology decrease sound pollution. Due to no notification, update was not captured previously.

U.S. Well Services initiated at buy with $3.50 price target at Stifel - 7:56 am ET December 12, 2019 (MarketWatch)

PowerPath® - The patent pending PowerPath® technology allows power generation to be centrally located among multiple hydraulic fracturing pads and to transmit power several miles away.
FRAC MD® - FRAC MD® reduces Non-Productive Time (NPT) and increase safe stages per day by mitigating premature failures of our equipment and maximizing operating parameters.
SandShield® SANDSHIELD® consists of specialized equipment, work processes, and engineering controls to mitigate exposure to silica below OSHA PEL standards.
OPTI-FLEX® OPTI-FLEX® is designed to simplify and extend the capabilities of traditional fracturing fluid systems.
2017 UPSTREAM, EXPLORATION & PRODUCTION AWARDS
  • Best Well Stimulation Service Provider – USA
2017 FIFTH ANNUAL OIL & GAS AWARDS
  • Winner - Excellence in Well Completion
    Finalist - Excellence in Health & Safety
    Finalist - New Technology Development of the Year
    Finalist - Oilfield Services Company of the Year
    Finalist - Excellence in Environmental Stewardship
2016 FOURTH ANNUAL OIL & GAS AWARDS
  • Winner - Environmental Stewardship
    Winner - Future Industry Leader - Jared Oehring
    Finalist - Health and Safety - Operational (Rocky Mountain)
    Finalist - Well Completion (Rocky Mountain)
    Finalist - Environmental Stewardship (Northeast)
    Finalist - New Technology Development - Products (Northeast)
    Finalist - Future Industry Leader (Rocky Mountain)

     

From our rapid growth as a small regional company to a technology leader in our industry, U.S. Well Services has developed a unique and attractive culture resulting in a desirable work environment. In fact, many employees have come from larger companies as they prefer to work for a company where they can see the impact of their efforts and make a real difference.

It all starts with safety. With strong backing from our CEO and our entire leadership team, the employees of U.S. Well Services understand that all incidents are preventable and that priority one is having all employees go home healthy every day. Furthermore, every employee has been trained to take personal responsibility for their individual safety as well as the safety of their entire crew.

Starting in West Virginia and expanding into Pennsylvania and Ohio, we have developed a strong “family feel" to our Company. Having a diverse mix of employees with a wide variety of experiences from both large and small service companies has significantly strengthened our knowledge and skill base.

Hiring experienced oilfield workers and using them to work side-by-side and train "green hats" has created strong bonds between our crews. Progression "up the ranks" with a strong foundation of training provides new employees with a clear understanding of what they need to do to advance. Our competitive pay and strong benefit plans allow USWS employees to focus on safely performing their work.

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