ProFrac Services Is A New Venture Made Up Of Veteran Industry Leaders
ProFrac Services was formed in May 2016 with a veteran leadership team that had previously transformed a start-up into the world’s largest private pressure pumping company. Leveraging the lessons learned in that venture uniquely positioned ProFrac to deliver superior services earlier than a traditional start-up.
Ladd began his journey with Wilks Companies when he joined Wilks Masonry in 2002. Ladd’s career progressed through multiple management roles until 2008 when he joined Frac Tech Services as VP of Logistics. In 2012, Ladd became President of Breckenridge Geophysical, a technology leader in the geophysical sector. In addition to working at ProFrac Services, Ladd is an Executive Officer at Wilks Brothers and serves on the board of Prager University.
Coy has 36 years of experience in pumping services. His career started with 22 years at BJ Services with roles of ever increasing responsibility with his last role being District Manager (Mineral Wells). He continued his career at FracTech Services / FTS with roles ranging from Division Manager and entering semi-retirement as President and COO. He spent time fishing and decided the service business was in his heart – he spent two years as a completions consultant before joining the ProFrac team.
Matthew D. Wilks joins us as Chief Financial Officer. From January 2012 to December, 2017, Mr. Wilks served as an officer and Portfolio Manager of Wilks Brothers, LLC, a family office which has made and holds significant public and private market investments across multiple sectors including real estate, energy lifecycle and E&P. In his capacity as an officer and Portfolio Manager of Wilks Brothers, LLC, Mr. Wilks and his team oversaw and managed the investment arm of the Wilks Family Office located in Cisco, Texas. Prior to 2012, Mr. Wilks held several senior positions in finance and operations including Vice President of Logistics at FTS International, Inc. (formerly Frac Tech International, LLC), Vice President of Vertex Solutions, a wholly owned subsidiary of Frac Tech Holdings, and multiple positions at Wilks Masonry, including Executive Vice President.
Paul has spent more than 20 years leading HSE and training programs. After receiving his degree in Safety and Health from Kilgore College, he began working as a safety representative for heavy industrial contractors including Brown and Root, Foster Wheeler, Belmont and HB Zachery. He brought his safety experience to the oilfield services industry in 1997 when he joined Fracmaster and developed and implemented an entire HSE program. He joined Cudd in 1999 as the Safety Manager. His roles at Cudd included Operations Manager, Safety Director, and, ultimately, Vice President of HSE and Transportation. Paul’s experience in developing and implementing safety and training programs will be instrumental during the growth of ProFrac Services.