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Nasdaq Welcomes Mammoth Energy Services, Inc. to The Nasdaq Stock Market


NEW YORK, Oct. 14, 2016 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Nasdaq:TUSK), a provider of oilfield services for independent oil and natural gas producers in North America, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. The company is based in Oklahoma City, OK.

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Mammoth Energy Services is an integrated, growth-oriented oilfield service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. Mammoth Energy’s suite of services includes completion and production services, natural sand proppant services, contract land and directional drilling services and remote accommodation services.

“This is a tremendous accomplishment by the Mammoth Energy Services team and with our clean balance sheet and no debt, it sets Mammoth Energy up for growth opportunities in the future.  We are very excited for our sponsors, Wexford Capital and Gulfport Energy, as well as our team as we go forward with our services,” said Arty Straehla, Chief Executive Officer of Mammoth Energy Services.

“We welcome Mammoth Energy Services to join the Nasdaq family and look forward to supporting the company as it continues to grow,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq.  “Nasdaq is proud to be the exchange of choice for growth-oriented companies and with two successful IPOs this week we are excited to see a strong momentum from the energy sector.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, sector, or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq.  Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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