Fueling Change: Flotek’s Big Move into Mobile Power

Flotek buys mobile power units from ProFrac, betting on tech-driven efficiency in a changing oilfield.

9 May 2025

America’s oilfields are quietly entering a new phase - Smarter, faster, and more efficient! The latest signal comes from Flotek, which just struck a $105 million deal to acquire ProFrac’s mobile power fleet.

This isn’t just the case of one company snapping up equipment. Flotek is betting on a nimbler oilfield future, where technology trims both costs and emissions. The 30 natural gas-powered units come packed with advanced fuel monitoring tools, promising to lower fuel bills and shrink drilling’s environmental footprint.

In a savvy twist, Flotek will not be putting these rigs straight to work. It will lease them back to ProFrac for six years, locking in a predictable revenue stream while boosting its presence in the growing market for wellsite power. CEO Ryan Ezell called the deal a “gateway” to the mobile power sector, hinting at a bigger play toward energy innovation.

ProFrac, meanwhile, is shifting gears. By offloading these non-core assets, the drilling and sand services giant is freeing up cash to double down on its sand mining operations. Chairman Matt Wilks said the move gives ProFrac more financial flexibility to invest in projects with higher returns, without losing access to the equipment it needs.

Industry watchers say this reflects a wider trend. Oilfield companies are stepping back from heavy asset ownership. Leasing models are gaining favor, letting firms adapt quickly and keep balance sheets healthy. It is a strategy built for the unpredictable swings of energy markets.

As the sector faces rising costs and mounting environmental scrutiny, deals like this mark a pivot point. Efficiency and adaptability are no longer optional. They are the game. And the oilfield of tomorrow looks set to be leaner, cleaner, and surprisingly high-tech.