Energy and Environmental Services, Inc. (OTCPK:EESE) entered into a letter of intent to acquire Patriot Chemicals & Services LLC for $1 million on December 21, 2018. Under the terms, Energy and Environmental will pay $0.3 million in cash, $0.3 million in notes and 2 million shares of Energy and Environmental common stock. Earnouts could add an additional 1 million shares in each of year one and year two. The transaction is subject to completion of a definitive agreement, to customary representations and to closing price adjustments.