Sam Sledge: No, I don’t think we feel motivated to do that yet. I think part of that is due to what priority we feel like we have with many of our suppliers. So I think we’ll — to kind of my prior answer keep our optionality and our flexibility there. And look, I mean this kind of is also — I don’t have a chance to talk about it on the call yet, but makes me think of just our broader capital allocation strategy as well. I mean we’re announcing an LOI on a small cementing business. We’ve been buying back our stock. We’re bringing new equipment into the equation and into our offering. We’re doing all of those at once all the meanwhile basically debt-free. We’re really proud to be able to be balancing all of those things and building the bones is something that’s going to be really value producing into the future.
So I know your questions are more equipment related but that’s kind of just one part of our capital allocation strategy as we’re kind of balancing all three of those things M&A shareholder returns and equipment transition.
John Daniel: Fair enough. I’ll hang up after this last one, I promise. If you just on the LOI on the cementing business. What if anything, can you elaborate on that transaction?
Sam Sledge: Yeah. We’re just given where we are in that process, there’s just not much more we can say. We wanted to share …
John Daniel: Yeah.
Sam Sledge: We wanted to share what we have to this point, because we’re excited about it and our cementing business and the team that runs that business has been performing really well. We’re working to continue to equip them with the right tools and scale to continue to compete in a big way.
John Daniel: Cool. Thanks guys.
Operator: We have a question now from Stephen Gengaro from Stifel. Stephen, please go ahead.
Stephen Gengaro: Thanks. Good morning everybody. So, you’ve asked a lot here. So just two things for me, first on the Silvertip acquisition, can you just talk a little bit about the efficiencies, it has brought and maybe compare and contrast assets that are utilizing those services versus those that are not?
Sam Sledge: Yeah. It’s pretty straightforward. I think both Silvertip wireline units and ProPetro frac crews are mutual beneficiaries of each other. A big reason why we were so positive on doing the transaction with Silvertip was because of their stellar and consistent operational performance. And having — even before the deal a bit of customer overlap with them it was very evident to us their performance being beneficiary to our core business. We’ve made a few inroads on integrating more wireline units with more frac fleets, but that’s not something that we’re really trying to push it force to market on. But when we have the opportunity to do so there are some efficiency benefits and that’s been a good reason why we’ve seen Silvertip execute as consistently as we expected them to is because we’ve kind of continued with that integration.
So more to come there we think as part of our strategy more integration is coming to our sector not less. And so we’re proud to have a great leg of the stool in our Silvertip online business to help us with that.
Stephen Gengaro: Thank you. And then just on the pricing side, can you just talk a little bit about what you’re seeing and kind of what you’re assuming, as you think about the first half of next year and your outlook and sort of suggesting a recovery? And it sounds like clearly, you’re just kind of curious where pricing stands in that mix.
