Flotek closes expanded supply agreement with ProFrac

Flotek Industries closed a transaction with ProFrac Holdings to expand a long-term supply agreement, extending the term to ten years and increasing the minimum chemical product supply to the greater of 70% of ProFrac's requirements or chemicals for 30 hydraulic fracturing fleets.

“Flotek Industries, Inc. today announced that it has closed its transactions under the previously-announced agreement with ProFrac Holdings, LLC”prnewswire.com

• 1 source
• prnewswire.comFLOTEK ANNOUNCES CLOSING OF AGREEMENT WITH PROFRACFlotek Industries, Inc.May 18, 2022

Summarized from public sources; check the original articles before acting on it.