Unlike most MLPs, Mammoth Energy Partners will pay a quarterly distribution that varies based on the cash flow generated by the smattering of oil-field services businesses arrayed under its banner.
In other words, investors seeking a reliable quarterly distribution should look elsewhere.
The majority of these businesses were contributed by Wexford Capital, though the affiliated Gulfport Energy Corp (NSDQ: GPOR) and Rhino Resource Partners LP (NYSE: RNO) also chipped in assets in conjunction with the private-equity firm.
Wexford Capital will control a noneconomic general-partner interest in Mammoth Energy Partners, while Gulfport Energy and Rhino Resource Partners will receive equity interests.
Over the first six months of 2014, Gulfport Energy accounted for about 36 percent of the revenue generated by these business lines.
The prospective publicly traded partnership will operate three primary segments: completion and production services (42 percent of revenue), contract land and directional drilling services (48.9 percent) and remote accommodation services (9.1 percent).
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on May. 26, 2021
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.