Benzinga | Jan 18, 2022 08:10AM EST

Atlas Pockets $5M Environmental Services Contract From ConocoPhillips

* Atlas Technical Consultants Inc (NASDAQ:ATCX) has secured a $5 million contract to provide environmental services to ConocoPhillips (NYSE:COP). The contract is for a five-year term.

* Services under the contract include assessing and remediation of petroleum-oil impacted soil and groundwater associated with historical oilfield activity in the western region of the U.S.

* Price Action: ATCX shares closed higher by 5.3% at $8.50 on Friday, while COP shares are trading higher by 1.72% at $88.23 during the premarket session on Tuesday.