Kirkland Advises Schlumberger on Liberty Acquiring its North American Pressure Pumping Business

Kirkland & Ellis counseled Schlumberger on its agreement with Liberty Oilfield Services Inc. (NYSE:LBRT) to acquire Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating wireline and Permian frac sand businesses to Liberty in exchange for a 37 percent equity interest in Liberty.  This creates one of the largest pressure pumping companies in North America.

Read the press release from Liberty

The Kirkland team was led by transactional partners Sean Wheeler, Kim Hicks and Cephas Sekhar and associates Camille Walker, Brittany Scheier, Mya Johnson and Dustin Davis; and included executive compensation partner Robert Fowler; and tax partner David Wheat and associate Ryan Phelps.