Common Contracts
2 similar Contribution Agreement contracts by Liberty Oilfield Services Inc., Schlumberger Limited/Nv
Schlumberger to Contribute North American Pressure Pumping Business to LibertyContribution Agreement • September 1st, 2020 • Schlumberger Limited/Nv • Oil & gas field services, nec
DENVER & HOUSTON, September 1, 2020—Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) 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. The combined company will deliver best-in-class completion services for the sustainable development of unconventional resource plays in the United States and Canada land markets.
Schlumberger to Contribute North American Pressure Pumping Business to Liberty Supercharging Technology and Scale in North American Pressure PumpingContribution Agreement • September 1st, 2020 • Liberty Oilfield Services Inc. • Oil & gas field services, nec
DENVER & HOUSTON, September 1, 2020—Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) 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. The combined company will deliver best-in-class completion services for the sustainable development of unconventional resource plays in the United States and Canada land markets.
