Liberty Oilfield Services, a privately-held pressure pumping company, has completed the previously announced acquisition of Sanjel Corp.’s US assets. With the closing of the transaction, Liberty has doubled its hydraulic fracturing capacity to almost 500,000 hhp, and has expanded its operating presence to cover the Permian and Eagle Ford basins in addition to its current operations in the Williston, Powder River and DJ basins. To maintain a focus on hydraulic fracturing technology and services, Liberty has entered into subsequent arrangements with O-Tex Pumping for control and operation of the cementing assets and Patriot Well Solutions for control and operation of the coiled tubing assets.
Liberty's investors' equity funded the Sanjel purchase and committed nearly $100M of additional equity for future growth opportunities.
Willkie Farr & Gallagher LLP represented Liberty Oilfield Services, a portfolio company of Riverstone Holdings LLC.