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FracRock takes $250 million Argentine contract
FracRock International announced a three-year well completion services agreement with a "significant" E&P company in Argentina's Neuquen Basin. FracRock will provide hydraulic fracturing services with its 30,000 hp of equipment, as well as its environmentally friendly EcoFrac Solutions to help develop the VacaMuerta shale. The to-befinalized contract is expected to contain a 5% discount to market prices and 40% minimum utilization, which under current market prices would generate over $250 million over the contract......
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