Mammoth Energy Sells Aquawolf Engineering Div. to Qualus for $30M

Oilfield services company (OFS) Mammoth Energy Services, headquartered in Oklahoma City, OK, operates in the Marcellus/Utica Shale and other major plays like the Permian and SCOOP/STACK. Mammoth announced yesterday that it has completed the sale of its wholly owned engineering subsidiary, Aquawolf LLC, to Qualus, LLC for $30.0 million. The company says the sale advances its "ongoing transformation and portfolio optimization initiatives."

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