Mammoth Energy in Oklahoma City has a new chief executive officer on board.
Phil Lancaster took over his new role on Feb. 10 as the company’s Board of Directors approved a compensation for Lancaster in connection with his appointment as the Company’s Chief
Executive Officer consisting of a base salary of $350,000 per year and a bonus of $20,000 per month. He had previously been Mammoth’s Vice President of Corporate Development.
The board also made his appointment effective as of January 1, 2025, according to a filing made by Mammoth Energy this week with the Securities and Exchange Commission.
Lancaster also served as interim President of Cobra Acquisitions LLC, Higher Power Electrical LLC and 5 Star Electric LLC, Mammoth’s infrastructure subsidiaries, from June 2019 to November 2019. Prior to these positions, he served as President of Mammoth Energy Partners LP. from 2014 to 2015, as Chief Executive Officer of Redback Energy Services LLC from 2011 to 2015 and as Chief Executive Officer of Great White Energy Services, Inc. from 2006 to 2010, each an oil field services company.
From 2010 to 2011, Mr. Lancaster was a consultant to Wexford Capital LP in connection with energy-related investments. Lancaster previously served on the boards of directors of two public companies, Bronco Drilling Company, Inc., a drilling company, from August 2005 until July 2006, and Gulfport Energy Corporation, an exploration and production company, from February 2006 until August 2006.