representative work

Liberty and Schlumberger Close North American Pressure Pumping Transaction

12/31/2020

On December 31, 2020, Liberty Oilfield Services Inc. and Schlumberger completed the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty (OneStim®), in exchange for a 37% equity interest in Liberty. The transaction strengthens Liberty’s position in offering one of the most innovative suites of completion services and technologies to operators in onshore North America.

Cassels acted as Canadian counsel to Liberty with a deal team that included Douglas Richardson, Corinne Grigoriu and Jocelyn Arnason (Tax), Frank Arnone and Michael Britton (Business Law), Jonathan Freeman (Real Estate & Development), Jed Blackburn and Stefanie Di Francesco (Employment & Labour), and Chris Hersh (Competition).