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Ice age for oil: Mammoth Energy LP withdraws $100 million IPO

May 5, 2016

Mammoth Energy Partners LP, an MLP formed to provide drilling, production and completion services for oil and gas E&Ps, withdrew its plans for an initial public offering on Thursday.

It originally filed in September 2014 with a proposed deal size of $100 million, and last updated its filing in October 2014. The Oklahoma City, OK-based company was formed in 2014 by Wexford Capital and Gulfport Energy (Nasdaq: GPOR).

It booked $175 million in sales for the 12 months ended June 30, 2014 and had planned to list on the Nasdaq under the symbol TUSK. Credit Suisse was listed as the sole bookrunner on the deal.