STW Buys Stake in Oilfield-Services Provider Black Wolf
STW Resources Holding Corp. (STWS), 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.
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