Supercharging Technology and Scale DENVER & HOUSTON–(BUSINESS WIRE)– Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today the completion of the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim®”) to Liberty on December 31, 2020, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210104005163/en/ The transaction strengthens Liberty’s position in offering one of the most innovative suites of completion services and technologies to operators in onshore North America. Liberty will continue to be led by its…
Thank you Flipping The Barrel Podcast for sharing Ron Gusek’s story! Tune in below to hear about Ron’s beginnings, management philosophies, and more on the Liberty story. https://www.flippingthebarrel.com/podcast/agco0a931xfl3q5g54xvjfvxexkrfo Ron grew up with a love for all things Mechanical. His father was a huge influence in his life, growing up outside of Edmonton, Canada spending most of his time either – on the farm or working with his dad, in their shop. In the early 80’s Ron experienced the impacts of a downturn had on his community. People losing their job, mortgage rates at an all time high, interest rates…
Liberty was founded in 2011 with the mission to build a different frac company. Liberty founders each bring over 20 years of technology thought leadership and operations excellence that have been powering the shale revolution from its beginnings in the late 1990s. We are dedicated to partnering with leading exploration and production companies to apply technology innovations and superior operations. From day one we have been committed to reducing our customers’ cost of producing a barrel of oil.
Liberty will continue to place faith in our people and will invest in hiring, training and retaining the best and brightest individuals in our field. Building partnerships with our customers and understanding what drives their success is what sets Liberty apart… when they succeed, we succeed. We are excited to lead change in the industry and continue to make our customers stronger by building better wells faster, safer, and cleaner.