oil & gas assets
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OFS - A&D News Briefs - January 08, 2019



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Mammoth Energy Services expanded its aviation services business, acquiring Air Rescue Services and forming a JV with private equity firm Wexford Capital, which purchased Brim Equipment Leasing. Mammoth, which paid $7.9 million in the transactions, presented the fleet of six helicopters as an extension of subsidiary Cobra’s utilities operations, though the company said it could pursue additional aviation service opportunities. Formerly a fracking and proppant company, Mammoth now gets most of its revenue from utility and infrastructure operations. Energy and Environmental Services signed a non-binding LOI to acquire Patriot Chemicals......
 
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