ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in Colorado

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Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency

WILLOW PARK, Texas, Nov. 12, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") is proud to announce its partnership with Prairie Operating Co. (NASDAQ: PROP) ("Prairie") to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3,000 HHP single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified.

ProFrac anticipates initial frac operations under the new partnership will commence on Prairie's recently drilled 8-well Shelduck pad in Weld County, CO.

"This partnership represents a significant step forward in our commitment to emissions reductions, innovative technology and operational efficiency," said Edward Kovalik, Chairman and CEO of Prairie Operating Co. "By transitioning to an all-electric frac fleet, we are not only enhancing our operational capabilities but also taking proactive measures to reduce our environmental impact. Combined with our previously announced agreement with High West Energy to provide line power in Weld County, the ProFrac partnership moves us toward our ultimate goal of having all operations, drilling through the production phase, fully electrified."

"We are excited to partner with Prairie Operating Co. on this transformative initiative to implement an all-electric frac fleet in Colorado," said Matt Wilks, Executive Chairman of ProFrac. "At ProFrac, we are committed to advancing cutting-edge technologies that drive operational efficiency and reduce environmental impact. This collaboration not only supports Prairie's vision of a fully electrified operation but also strengthens our position in the Rockies, where we continue to grow our presence. Our goal is to secure long-term contracts on our top-tier assets, and this partnership marks another important milestone in this effort and further positions us to lead the industry in electrification and sustainable operations," concluded Mr. Wilks.

In addition to the E-Pumps, the fleet will be equipped with state-of-the-art electric blender units, hydration systems, and chemical additive units, all powered by 100% natural gas, marking a significant shift from conventional diesel-powered operations.

To support this fully electric fleet, power will be provided by state-of-the-art turbine generators, including two new Solar – SMT130 Mobile Gas Turbines each capable of generating 16.5 MWe ISO (13.8 kV).

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