Schlumberger to Contribute North American Pressure Pumping Business to Liberty
Liberty Oilfield Services Inc. and Schlumberger announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty, in exchange for a 37% equity interest in the combined company. …