- Global oil and gas equipment industry projected to be worth $205 billion by 2020
- 665 Energy’s three subsidiaries now integrated under new holding company with combined revenues of $12.6 million
- Expansion plans include move into oil drilling rig acquisition, refurbishment and resale business
- Financial audit underway with plans to become an SEC reporting standards company and move to OTCQB in Q4 2018
665 Energy, Inc. (OTC: SSOF), a holding company in the oilfield equipment and supply industry with facilities in Oklahoma, Germany and Dubai, specializes in supplying oilfield equipment, drilling rigs and drilling pipe. A recent name change from 66 Oilfield Services is designed to distinguish the corporate structure of the holding company from its three operating companies: Five Star Rig and Supply; Oklahoma Rig Fabricators; and 66 Oilfield Services, according to a recent news release (http://nnw.fm/We7JX).
The global market for oil and gas equipment is expected to grow from its current $194 billion to $205 billion by 2020, research firm Statista reported…
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