Privately held pressure pumper Keane Group has filed paperwork for an initial public offering of shares on the New York Stock Exchange worth as much as $287.5 million after expanding its fleet in the past year.
Houston-based Keane has a fleet of 23 frac spreads totalling just under 950,000 horsepower and 23 wireline trucks spread across the major tight oil and shale gas plays in the US, according to a
