Mammoth Energy Services, Inc. Announces Board Changes
June 27, 2017 at 04:04 pm EDT
Share
On June 21, 2017, André Weiss, a member of the board of directors of Mammoth Energy Services, Inc., informed the Company that he was resigning as a member of the Board effective on that date. Prior to his resignation, Mr. Weiss also served on the Board’s Audit Committee and Compensation Committee. Effective June 26, 2017, the Board appointed James D. Palm to fill the vacancies on the Board and the Board’s Audit Committee and Compensation Committee created by Mr. Weiss’ resignation. As provided in the Company’s bylaws, Mr. Palm will serve until the next Annual Meeting of the Company’s Stockholders or until his earlier death, resignation, retirement, disqualification or removal. Mr. Palm most recently served as a director of Gulfport Energy Corporation from February 2006 and as Chief Executive Officer of Gulfport from December 2005, in each case until his retirement in February 2014. Prior to joining Gulfport, Mr. Palm pursued oil and gas investments primarily in Oklahoma, the Texas Panhandle and Kansas as the manager and owner of Crescent Exploration, LLC. Mr. Palm currently serves as a member of the Industry Advisory Committee of the Oklahoma Corporation Commission. From October 2001 through October 2003, Mr. Palm served as the Chairman of the Oklahoma Energy Resources Board. From 1997 through 1999, Mr. Palm served as the President of the Oklahoma Independent Petroleum Association.
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. 