ProPetro Appoints Caleb Weatherl as Chief Financial Officer, Strengthening Executive Leadership for Future Growth
ProPetro Holding Corp., a leading oilfield services company focused on hydraulic fracturing and other energy solutions, has officially announced the appointment of Caleb Weatherl as its new Chief Financial Officer, effective immediately. This key executive transition marks a strategic move by the company to fortify its financial operations and bolster its long-term growth objectives in the ever-evolving energy sector.
A Leader With Deep Energy and Financial Roots
Mr. Weatherl brings with him an extensive background in finance and energy, having accumulated over two decades of leadership experience across the oil and gas value chain. Most recently, he served as Chief Executive Officer and a board member at Garrison Energy, a company focused on upstream oil and gas opportunities. Under his leadership at Garrison Energy, Weatherl was instrumental in securing a substantial equity commitment, enabling the company to pursue strategic acquisitions and development within the highly competitive upstream market.
Before his tenure at Garrison Energy, Weatherl held dual leadership roles as President and Chief Financial Officer at Stronghold Energy II. During his time there, he helped navigate the company through the complexities of the COVID-19 pandemic, driving operational growth and financial performance in an exceptionally volatile period. His efforts culminated in the successful sale of Stronghold Energy II in 2022, a transaction that demonstrated his acumen for operational resilience and value creation.
Weatherl’s earlier experiences include serving as CFO at Desert Royalty Company, where he led multiple departmental transformations that enhanced internal efficiencies and strategic positioning. Additionally, he was a co-founder of Stronghold Energy Partners, a platform through which he helped orchestrate various strategic acquisitions that positioned the firm for long-term value generation.
Foundational Experience at Top-Tier Institutions
Prior to assuming executive roles in the private energy sector, Mr. Weatherl honed his skills at several globally recognized institutions. His professional journey began with Weatherl Energy Investments, his family’s investment firm focused on energy assets. He later served in roles at Bain Capital and McKinsey & Company—two of the most prestigious firms in global finance and management consulting. At McKinsey, he was exposed to large-scale corporate strategy and transformation projects, which broadened his perspective on organizational leadership and performance optimization. These cumulative experiences provided Weatherl with a comprehensive understanding of energy economics, business strategy, and financial operations.
His educational background further complements his professional journey. Mr. Weatherl holds a Bachelor of Arts degree in Economics, cum laude, from Harvard College. He later earned a Master of Business Administration from Harvard Business School, graduating as a Baker Scholar, an honor reserved for the top five percent of the graduating class.
CEO Endorsement and Organizational Vision
ProPetro’s Chief Executive Officer, Sam Sledge, expressed his enthusiasm for the appointment and the strategic alignment that Weatherl brings to the company’s future.
“We are thrilled to welcome Caleb to the ProPetro team,” said Sledge. “Caleb’s extensive background in the energy sector and his proven ability to drive financial performance and execute strategy make him an excellent addition to our Company. His deep understanding of our industry aligns perfectly with our culture and long-term vision. We’re confident he’ll make an impact as we continue strengthening our operational and financial foundation, all with a sharp focus on driving long-term shareholder value.”
Sledge’s remarks underscore the organization’s intention to pair operational discipline with strategic investment in leadership to achieve enhanced shareholder returns. With Weatherl in place as CFO, the company anticipates improved capital discipline, enhanced transparency in financial reporting, and a sharpened strategic focus on growth and innovation.
Weatherl’s Commitment to ProPetro’s Future
In his own statement, Mr. Weatherl emphasized the personal significance of joining ProPetro, not only as a career move but also as a return to his West Texas roots.
“Having grown up and built my career in Midland, I’ve long admired ProPetro’s reputation for excellence and its deep roots in the community,” he said. “It’s an honor to join such a respected, first-class organization. I look forward to hitting the ground running and working closely with Sam and the rest of the leadership team to build on ProPetro’s strong foundation and help advance ProPetro’s next chapter of success.”
His remarks reflect both a professional commitment to performance and a personal connection to the community where ProPetro operates. This connection is expected to further enhance employee morale, investor confidence, and local stakeholder engagement.
Strategic Timing Amid Industry Transformation
Weatherl’s appointment comes at a time when the oil and gas industry is navigating a complex mix of market volatility, regulatory shifts, capital constraints, and increasing pressure to deliver shareholder returns while transitioning toward more sustainable operations. ProPetro, which plays a vital role in supporting upstream production through hydraulic fracturing services and other energy solutions, sees this leadership transition as a critical step in ensuring the company is well-positioned to address these evolving challenges.
The company has been focusing on operational efficiency, maintaining a disciplined capital allocation strategy, and optimizing service delivery for its upstream clients. Weatherl’s experience across private equity-backed ventures and capital markets operations will be valuable in helping the company pursue thoughtful growth opportunities without compromising financial strength.
A Track Record of Navigating Complexity
A defining feature of Mr. Weatherl’s career is his demonstrated ability to lead through change. At Stronghold Energy II, he helped guide the company through one of the most challenging periods in recent history—the COVID-19 pandemic—by ensuring liquidity, supporting operational continuity, and preparing the business for an eventual successful exit. At Desert Royalty Company, his leadership resulted in improved processes and upgraded systems that helped the firm scale effectively. At every step, he has combined vision, discipline, and adaptability—traits that are likely to be instrumental in his new role at ProPetro.
Leadership Continuity and Organizational Culture
The appointment also aligns with ProPetro’s broader efforts to retain and attract high-caliber talent capable of enhancing its leadership depth. The company has emphasized the importance of fostering a culture of innovation, accountability, and long-term value creation. Weatherl’s leadership style—anchored in transparency, collaboration, and strategic focus—is viewed as a strong cultural fit with ProPetro’s values and mission.
As CFO, he will oversee all financial operations, including accounting, financial planning and analysis, investor relations, treasury, and capital markets activities. In doing so, he is expected to work closely with the CEO and board of directors to align financial performance with long-range strategic planning.
