Atlas Energy Solutions Announces Acquisition of PropFlow
“We are thrilled to welcome PropFlow to the Atlas family,� said John Turner, Atlas� President & Chief Executive Officer. “The addition of PropFlow is just another step in our mission to drive higher completion efficiencies for our customers. We anticipate that PropFlow’s patented filtration system, combined with Atlas� high-quality sand and logistics platform, will allow Atlas to provide customers with the supporting infrastructure to pump at rates that surpass historical benchmarks. Atlas continues to look for ways to generate the next wave of evolution in well completion methodologies in an effort to drive better returns for our customers and Atlas shareholders.�
About Atlas Energy Solutions
Atlas Energy Solutions Inc. (NYSE: AESI) is a leading solutions provider to the energy industry. Atlas’s portfolio of offerings includes oilfield logistics, distributed power systems, and the largest proppant supply network in the Permian Basin. With a focus on leveraging technology, automation, and remote operations to enhance efficiencies, Atlas is centered on a core mission of improving human access to the hydrocarbons that power our lives and, by doing so, maximizing value creation for our shareholders.
About Propflow, LLC
PropFlow’s innovative and patented technology is designed to eliminate debris from proppant at the wellsite. The company’s mission is to improve proppant delivery, reduce frac equipment maintenance costs and downtime, minimize the total proppant cost to the end user, and offer customers a viable path to reduce carbon emissions. Pre-transaction, PropFlow was headquartered in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act�), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act�). Statements that are predictive or prospective in nature, that depend upon or refer to future events or conditions or that include the words “may,� “assume,� “forecast,� “position,� “strategy,� “potential,� “continue,� “could,� “will,� “plan,� “project,� “budget,� “predict,� “pursue,� “target,� “seek,� “objective,� “believe,� “expect,� “anticipate,� “intend,� “estimate� and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. Examples of forward-looking statements include, but are not limited to statements regarding the expected synergies and efficiencies to be achieved as a result of the acquisition of PropFlow.
Although forward-looking statements reflect our good faith beliefs at the time they are made, we caution you that these forward-looking statements are subject to a number of risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include but are not limited to: uncertainties as to whether the Moser Acquisition will achieve its anticipated benefits and projected synergies within the expected time period or at all; Atlas’s ability to integrate Moser’s operations in a successful manner and in the expected time period; unforeseen or unknown liabilities, future capital expenditures and potential litigation relating to the Moser Acquisition; unexpected future capital expenditures; our ability to successfully execute our stock repurchase program or implement future stock repurchase programs; commodity price volatility, including volatility stemming from the ongoing armed conflicts between
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Investor Contact
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Source: Atlas Energy Solutions Inc.
