Cobra Acquisitions LLC Amends to Its Existing Contract
January 29, 2018 at 09:05 pm
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Cobra Acquisitions LLC has executed an amendment to its existing contract to assist in the restoration of the utility infrastructure on the island of Puerto Rico. In the amendment, the original $200 million award has been expanded to approximately $445 million. On January 28, 2018, the Puerto Rico Electric Power Authority and the company executed a contract amendment that expanded the aggregate contract amount by approximately $245 million to address work requirements. The original $200 million contract value was effective on October 19, 2017 and fully utilized during the fourth quarter of 2017 due to the substantially greater deployment of resources. This contract amendment allows for continued deployment of resources into 2018. Under the terms of the amended contract, the number of skilled workers requested by PREPA and provided by the company has increased to at least 880, up from 434, and the billable daily rate of those workers has been decreased.
Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.
MAMMOTH ENERGY SERVICES, INC. 
