Revenue falls 15% sequentially By Richard Rostad, analyst, Oil & Gas 360 Liberty Oilfield Services (ticker: LBRT) announced fourth quarter results today, showing $34 million in net income, or $0.27 per share. Liberty reported $473 million in revenue in Q4, down 15% sequentially but up 5% year-over-year. The company generated just under $13 million in adjusted EIBTDA per active frac
Colorado’s oil and gas industry turned out in force to celebrate its employees, economic contributions to the state The oil and gas industry threw a public rally on the steps of the Colorado Capitol Thursday at lunchtime that lived up to its advance billing as a celebration of the Colorado oil and gas industry and the people who make it
Liberty Oilfield Services, Inc. (NYSE: LBRT) Company Overview Headquartered in Denver, Colorado, Liberty Oilfield Services is a hydraulic fracturing services company. Liberty is active in the following areas: Permian Basin, DJ Basin, Williston Basin, Eagle Ford Shale and Powder River Basin. The company went public in January of this year Liberty became known in the industry in 2016 when it
Liberty Oilfield Services Inc. (ticker: LBRT) reported a net income of $54 million in Q1 2018 and the company deployed its frac fleets 20 and 21, under dedicated arrangements with existing customers in the quarter. For the first quarter of 2018, revenue grew 10% to $495 million from $449 million in the fourth quarter of 2017. Liberty said that Q1
Liberty added 1,000 new employees in 2017, ordered two additional frac fleets to be delivered in Q3, Q4 2018 Newly public Liberty Oilfield Services Inc. (ticker: LBRT) earned $45 million, or $0.30 per share in Q4 2017. For the full year of 2017, the company earned $130 million, or $0.88 per share. Liberty said that these numbers have been adjusted
Liberty Oilfield Services Inc. (ticker: LBRT) announced the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share early on Jan. 12. The shares opened trading on the NYSE today at $21.20. By midday shares of Liberty were trading at almost a 28% premium. In addition, Liberty and the selling
Extraction went far beyond what state law requires to gain local approval of a well development plan within Broomfield city and county limits Wattenberg-DJ operator Extraction Oil & Gas, Inc. (NASDAQ:XOG) has received approval for its Operator Agreement with the City and County of Broomfield, Colorado, the company announced today. The Broomfield City Council approved the company’s development plan after a year-long
Liberty Oilfield Services announces closing of $175 million term loan and $250 million revolving credit facility Denver-based oilfield services company Liberty Oilfield Services announced Tuesday that the company closed a debt deal. The company entered two new debt facilities consisting of a $175 million, five-year term loan and a $250 million asset-based revolving credit facility (ABL) subject to a borrowing
“Our analysis helps our customers find what levers drive production.”—Leen Weijers, VP of Engineering for Liberty Oilfield Services After The Oil & Gas Conference® wrapped up in Denver last week, EnerCom hosted the debut of Oilfield Tech & Innovation Day, where the latest technologies for the E&P industry were the focus. The day was designed for both VCs and majors
Presenters added to EnerCom’s Oilfield Tech & Innovation Day – Aug. 17, 2017 EnerCom has announced the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown. The four-day conference will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as
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