One-Page Deal Sheet
Mammoth Wins Bid for Chieftain Sand & Proppant
Mammoth Energy Services Inc. Chieftain Sand and Proppant, Llc
Announced Date
March 23,2017
Transaction Type
Corporate
Transaction Details: Require Private Equity Subscription
[ Summary: Mammoth Energy Services was the successful bidder in a bankruptcy court auction for substantially all of the assets of Chieftain Sand and Proppant, LLC with a bid of $35.25 million. This will expand Mammoth's service assets in the SCOOP/STACK. ]
Key Highlights of the Chieftain Transaction:
The assets of Chieftain to be acquired include a wet and dry plant located on approximately 600 acres in New Auburn, Wisconsin and a sand mine with estimated reserves of 30 million tons of Northern White Jordan Substrate frac sand which meets or exceeds all API standards including solubility…