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STW Buys Stake in Oilfield-Services Provider Black Wolf

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Jan. 23 (Bloomberg) -- STW Resources Holding Corp., an oilfield reclamation company, purchased 10 percent of Black Wolf Enterprises LLC, a venture that provides oilfield services in west Texas and eastern New Mexico.

Black Wolf, a collaboration between Lone Wolf Resources LLC and Black Pearl Energy LLC, is negotiating “on a number of multi-well packages with many of the largest oil and gas producers in west Texas,” STW said today in a statement. Based on current growth, Black Wolf will generate an estimated $40 million in revenue in 2014, according to the statement.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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