USWS - U.S. Well stock rises 7.3% after winning electric pressure pumping services contract

U.S. Well Services (NASDAQ:USWS) said on Tuesday it had finalized a contract with one of the largest exploration & production producers in the U.S. to provide electric pressure pumping services. (USWS) rose 7.3% after the bell. Under the agreement, the company will build Nyx Clean Fleet to support its client's development program in Texas for a term of 18 months beginning early in the third quarter. "With the execution of this agreement, all four of U.S. Well Services' newbuild Nyx Clean Fleets are contracted to high quality E&P customers," said Kyle O'Neill, the Company's CEO. Late last month, the company had promoted Kyle O'Neill to president and CEO.

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U.S. Well stock rises 7.3% after winning electric pressure pumping services contract