March 13 (Reuters) - Oilfield services firm ProPetro ( PUMP )

said on Wednesday it has identified material weakness

in its internal control over financial reporting.

After the weakness in access to its accounting systems was

identified, the company said it had found that there was no

material misstatement in its consolidated financial statements

for the year ended Dec. 31, 2023.

Midland, Texas-based ProPetro ( PUMP ) was subject to a U.S.

Securities and Exchange Commission investigation in 2019 when

the company's board uncovered material weaknesses in its

financial controls and an undisclosed related-party transaction

with its former chief accountant.