Is Electric Fracking Feasible In 2018 or in 2019?

The next decade will be an exciting one for the energy industry, especially that of the frac industry and for those who worry about climate change and the environmental impact of our energy use.

Liberty frac‘s Chris Wright was asked about running a 100% Electric Fracking Fleet in 2018?

we have looked electric frac fleet really since we started the company. And we watch that technology and it’s intriguing. To-date that for us the trade-offs haven’t arrived yet. The downside is that they cost a lot more between 50% and 100% more to put together a fully electric frac fleet.

 

And it looks like endless the price drops, there will be no  100% Electric Fracking Fleet in the near term for Liberty frac. But that hasn’t stopped Evolution Well Services, They have a 100% Electric Fracking Fleet already working. Just as US Well Services.

mobile electric-powered hydraulic fracturing fleet.

The Clean Fleet with Whisper is the first fully electric, fully mobile electric-powered hydraulic fracturing fleet.

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Liberty Oilfield Services – Second Quarter Of 2018 Results.

Liberty’s operations in the Permian continued to grow and thrive. Local sand volumes in the pipeline for several quarters now began to materialize in meaningful quantities during the second quarter and we see that trend continuing in the third quarter, driving down well costs for our customers. With significant new industry pumping capacity added to the Permian Basin during 2017 and 2018. While takeaway limitations have created temporary production challenges, we are pleased that the developing imbalances for frac services in the Permian have not yet impacted Liberty fleets. Read more

Denver’s Liberty Oilfield Services IPO rolls out strong

Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “LBRT” on January 12, 2018. In addition, Liberty and the selling shareholder granted the underwriters a 30-day option to purchase up to an additional 1,909,663 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on January 17, 2018, subject to customary closing conditions. Read more

“Liberty Oilfield Services” has launched an initial public offering

Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today that it has launched an initial public offering (IPO)of 10,714,286 shares of its Class A common stock at an anticipated initial offering price between $14.00 and $16.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Liberty and the selling shareholder intend to grant the underwriters a 30-day option to purchase up to an additional 1,607,143 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “LBRT,” subject to official notice of issuance. Read more

Liberty Oilfield Services

Headquartered in Denver, Colorado, Liberty Oilfield Services is a premier hydraulic fracturing services company in Colorado & North Dakota and Texas. Highly experienced individuals, combined with the Liberty Quiet Fleet proprietary technology and robust inventory of state-of-the-art equipment, optimize production results at reduced costs for the valued clients.  From the Permian Basin to the DJ Basin, Williston Basin and Powder River Basin, Liberty Oilfield Services provide customer-focused service in a flexible, safe and consistent manner.

Year-after-year, Liberty Oilfield Services consistently delivers one of the lowest turnover rates in the industry. Read more