Liberty Oilfield Services

Liberty Frac is going to get a whole lot bigger

Liberty Oilfield Services Inc. and Schlumberger announced an agreement for the sale of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pump-down perforating, and Permian frac sand businesses to Liberty Frac, in exchange for a 37% equity interest in the new combined company.

 

The joint company will make Liberty Frac the #2 biggest frac company in the United States after Haliburton.

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