Mammoth Energy Wanders into Non-Shale Work in Puerto Rico
Oilfield services company (OFS) Mammoth Energy Services, headquartered in Oklahoma City, OK, operates in both the Utica Shale and Permian Basin. Last time we checked in on the company was over a year ago. At that time MDN reported that Mammoth, a relatively new company formed in 2014, had bought itself a pair of sand mines (see OFS Mammoth Energy Buys Second Sand Co. to Keep on Frackin’). But something happened last year that escaped our notice. Mammoth is not only in the OFS line of work, they also do electrical transmission and distribution (“T&D”) work. Following last year’s disaster when Hurricane Maria devastated the Puerto Rico, Mammoth was hired to help rebuild the electric utility infrastructure on the island. The way we were alerted to Mammoth’s extracurricular activity in Puerto Rico was in spotting a Seeking Alpha investor article. The article (below) takes the approach that Mammoth’s stock value is overinflated by 50% due to the contract they have in Puerto Rico. The author says, rightly, that Mammoth is mainly an OFS company. He thinks when the Puerto Rico work is done, the underlying “weak” OFS customer base won’t be enough to keep Mammoth profitable. We don’t necessarily agree with his views about the company (although it wouldn’t hurt our feelings if Mammoth shed its T&D business). The author is an investor and is “short” on Mammoth, meaning he owns securities that bet on the price of Mammoth’s stock going down. The reason we bring you the following article is because it contains a lot of information about Mammoth–a still small but rapidly growing, and increasingly important, OFS company operating in our region…
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Enough is enough. It’s time to end the silly charade of a 61 year-old kook sitting 30 feet up in the top of a tree that needs to come down to make way for the Mountain Valley Pipeline. Mainstream media could no longer maintain the veneer of credibility and continue to intentionally conceal the identity of the woman who would only call herself “Red”–which they did for weeks. No more. Her name is Theresa Terry. She goes by the nickname “Red.” We call her Grandma Red because she’s older (no idea if she’s actually a grandmother or not). Red’s daughter, also named Theresa, is up the same tree with her. The two Theresas are illegally trespassing on property (the tree) that now belongs to MVP, via eminent domain. As we told you on Friday, a group of far-left, liberal Democrat Virginia lawmakers actually support Red’s illegal action (see 
Last Friday, Energy Transfer Partners asked the Federal Energy Regulatory Commission (FERC) for permission to start up service along another major chunk of it’s massive Rover Pipeline (see 
Ethane and propane had been flowing through the converted Mariner East 1 (ME1) pipeline safely for more than year, hauling the two natural gas liquids (NGLs) from southwest PA all the way to the Marcus Hook refinery near Philadelphia. However, ME1 was suddenly switched off on March 3 by order of the Pennsylvania Public Utility Commission (PUC) after a sinkhole opened up under the pipeline in Chester County, exposing some of the bare steel to the open air (see 
We have an update to a story we first brought you yesterday, that someone(s) has stolen a bunch of dynamite and the blasting caps needed to detonate it from a construction site for the Atlantic Sunrise Pipeline in Lancaster County, PA (see 
In March the Federal Energy Regulatory Commission (FERC) issued a favorable draft environmental impact statement (DEIS) for the Williams Transco Northeast Supply Enhancement (NESE) pipeline project (see 
In October 2017, the Federal Energy Regulatory Commission (FERC) approved two important Marcellus/Utica pipeline projects–Dominion Energy’s Atlantic Coast Pipeline (ACP), and EQT Midstream’s Mountain Valley Pipeline (MVP) (see 
MDN brought you the great news earlier this week that late Sunday night the very first shipment of Marcellus LNG had left the dock at Cove Point, Maryland (see 
Approximately 640 pounds of dynamite and 400 blasting caps were stolen from a locked trailer at a construction site for the Atlantic Sunrise Pipeline in Marietta (Lancaster County), PA this past weekend. Because the theft involved explosives, the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has been called in to investigate. The ATF is offering a $10,000 reward for information that leads to an arrest and conviction. We sincerely hope the perp(s) are caught and go to jail–for a long time. If you know anything, call the ATF hotline at 888-ATF-BOMB (888-283-2662). Not sure who thought up that phone number for the ATF, but it’s certainly memorable! Here’s the details…
In February Sunoco Logistics Partners agreed to pay a massive (historically high) $12.6 million fine to the PA Dept. of Environmental Protection (DEP) for “permit violations related to the construction of the Mariner East 2 pipeline project” (see 
Duke Energy needs to replace an aging pipeline, built in the 1950s, near Cincinnati, OH–or some people in Cincy will have to go without natural gas. Duke has proposed a 13-mile, 20-inch pipeline along two potential routes. The project is called the Duke Central Corridor Extension Gas Pipeline. Both of the proposed routes are opposed by antis, including a group calling themselves NOPE–Neighbors Opposing Pipeline Extension. We call them DOPEs–Dummies Opposing Pipeline Extensions. Will the DOPEs volunteer to shut off the natural gas to their homes and businesses if the pipeline doesn’t get built? Not on your life! With just weeks before a final approval by the Ohio Power Siting Board (OPSB), Duke asked the state to push the pause button last August (see 
Some big, breaking news to share with MDN readers: Deep Well Services, a Marcellus/Utica-born company that specializes in “snubbing” work (completing those super-long laterals you read about), has been sold. Deep Well announced today a deal to be bought out by Houston private equity firm White Deer Energy. No, Deep Well and the expert team of 220 who work there now are not going anywhere. The company, headquartered in Zelienpole, PA, will retain its western PA HQ–same workers, same management team. However, the official announcement says White Deer’s investment will now allow Deep Well to “enter new basins.” Hmmmm. Intriguing. We wonder which new basins they’re considering? MDN spoke to Deep Well CEO Mark Marmo this morning and got the inside skinny. According to Mark, the “big thing” about this deal is “the opportunity to have capital like we’ve never had before. Our growth has been limited to adding one new unit per year. We will now be able to add three new units a year.” Mark also said, “Today we have 220 people. In the next 18 months we’ll have 330 people.” Mark, who is born and raised in the Pittsburgh area, said his goal “is to put a lot of western Pennsylvanians to work making six figures, not $10.10 an hour.” The White Deer Energy deal will make that happen…