Mammoth Energy Services Inc's Comment on Supply Chain
The company provides equipment rental services, supplying cranes, light plants, generators, and other oilfield-related equipment used in drilling, flowback, hydraulic fracturing, and construction activities. Its aviation services include ownership of nine regional aircraft, two helicopters, five jet engines, and ten auxiliary power units (APUs). The company's infrastructure services encompass engineering, design, construction, upgrade, maintenance, and repair of fiber networks, primarily in the southwestern and midwestern United States. A substantial portion of its infrastructure revenue derived from storm restoration work for the Puerto Rico Electric Power Authority (PREPA) under master services agreements for electrical grid repairs and reconstruction following Hurricane Maria. Through its subsidiary Cobra Acquisitions LLC, the company held contracts with PREPA totaling up to $1.845 billion but encountered payment challenges due to PREPA's bankruptcy and disputes over withheld FEMA funds. On July 22, 2024, Cobra Acquisitions LLC entered into a release and settlement agreement with PREPA and the Financial Oversight and Management Board for Puerto Rico (FOMB) to resolve outstanding issues.
Mammoth Energy Services Inc's Comment on Supply Chain
The company provides equipment rental services, supplying cranes, light plants, generators, and other oilfield-related equipment used in drilling, flowback, hydraulic fracturing, and construction activities. Its aviation services include ownership of nine regional aircraft, two helicopters, five jet engines, and ten auxiliary power units (APUs). The company's infrastructure services encompass engineering, design, construction, upgrade, maintenance, and repair of fiber networks, primarily in the southwestern and midwestern United States. A substantial portion of its infrastructure revenue derived from storm restoration work for the Puerto Rico Electric Power Authority (PREPA) under master services agreements for electrical grid repairs and reconstruction following Hurricane Maria. Through its subsidiary Cobra Acquisitions LLC, the company held contracts with PREPA totaling up to $1.845 billion but encountered payment challenges due to PREPA's bankruptcy and disputes over withheld FEMA funds. On July 22, 2024, Cobra Acquisitions LLC entered into a release and settlement agreement with PREPA and the Financial Oversight and Management Board for Puerto Rico (FOMB) to resolve outstanding issues.
Sources:
Mammoth Energy Services Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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