Schlumberger sells fracking business, sand mines to Liberty
Published: Friday, 04 September 2020
Oilfield services giant Schlumberger is retreating from the fracking business, selling its North American shale-oil unit to Liberty Oilfield Services.
The deal will see Schlumberger hand over its onshore
fracking business, which includes two frac sand mines, to
Liberty, in exchange for a 37% stake in the new combined