Mammoth Energy Services, Inc. announced its wholly owned subsidiary Stingray Pressure Pumping LLC (“Stingray”) has put an additional frac spread into operation. This brings Stingray’s total operational frac spread count to five.
The infrastructure services division of the Oklahoma City-based company continues to expand both in geographic area as well as bidding activities for its engineering and fiber businesses. Both the engineering and fiber businesses that began operations in late-2019 and mid-2021, respectively, continue to expand organically. In addition, the Company’s engineering group has grown to more than 50 employees today.
Arty Straehla, Chief Executive Officer, commented, “Despite continued supply chain constraints within the industry, our team has executed on our plan to activate a fifth frac spread. Our vertically integrated manufacturing business was instrumental in our ability to roll the fifth spread out. Demand for our services remains strong and this additional frac spread and crew along with our infrastructure services expansion gives us increased earnings potential for 2023.”
