Liberty Oilfield Services completed the acquisition of the onshore hydraulic fracturing business of Schlumberger for $424m.

Liberty Oilfield Services, an independent provider of hydraulic fracturing services, completed the acquisition of the onshore hydraulic fracturing business of Schlumberger, a provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, for $424m. "From day one, the Liberty team has been laser focused on delivering superior returns for our customers and stockholders. The last several months have been extremely challenging for the world, the industry and the Liberty family. These times also bring opportunity. This transaction will be a transformative step forward in our journey as a company. Our expanded technology portfolio and breadth of operations will enable Liberty to further raise our already high bar for safe, innovative, efficient and ESG-conscious frac operations. I look forward to the OneStim team joining Liberty on our mission to help customers provide low-cost clean oil & gas to our country and the world," Chris Wright, Liberty Chairman and CEO.