ProFrac Holding Corp. is an oilfield services company that provides hydraulic fracturing, completion services, and other complementary products and services to drillers in the Marcellus/Utica, the Haynesville, the Midcontinent, and the Permian. The company is owned and backed by billionaires Dan and Farris Wilks, the same guys who bought out CARBO Ceramics (proppant company) in April 2020 after that company filed for bankruptcy (see CARBO Ceramics Files Prepackaged Bankruptcy, Selling to Wilks). ProFrac launched an initial public offering (IPO) last week, selling 16 million shares for $18 per share–well short of the target range.
