Schlumberger sells fracking business, sand mines to Liberty

By William Clarke
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 business,...

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