TEXAS, USA — Oilfield services company Schlumberger has reportedly sold its frac operations. The company sold the operations to Liberty Oilfield Services in exchange for a 37% interest in Liberty.

Liberty Oilfield Services Inc., Denver, acquired Schlumberger’s OneStim onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pump down perforating, ...

Liberty Oilfield Services shares traded higher after the firm reported that Schlumberger will contribute its North American pressure pumping business to Liberty in exchange for 37% equity ownership in ...

Liberty Energy has provided hydraulic fracturing services since 2011, expanding from one active fleet to over 40 over the past decade. Most of its management team has been involved in technological ...