Liberty completes acquisition of Sanjel Corp.’s U.S. assets

DENVER, Colorado -- Liberty Oilfield Services, a privately held pressure pumping company, has completed its acquisition of Sanjel Corporation's U.S. 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. 

In order to maintain a strong 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 $100 million of additional equity for future growth opportunities.  Future growth will be driven by increased customer activity and expansion into new basins.