Liberty, using ticker of best damn frac Co., issues IPO

By Luke Geiver | April 26, 2017

Liberty Oilfield Services Inc. is taking its goal to become the best damn frack company to the New York Stock Exchange. The Denver-based oilfield and pressure pumping service provider has launched an initial public offering at a price ranging from $16 to $19 per share.

Liberty has issued 22,014,955 shares of Class A common stock and will use the ticker symbol BDFC. The company is often cited as an innovator in the field of well completion strategy and technology. The company has helped to lead several trends in the Williston Basin.

In addition to operations in the Bakken, Liberty has expanded within the past two years into other basins including the Permian, Eagle Ford and Niobrara. During that time, Liberty also acquired the North American assets of a Canadian-based pressure pumping company and unveiled a unique quiet fleet technology offering that reduces noise emissions during hydraulic fracturing operations. Recently, Liberty created and unveiled to its Williston Basin customers a trademarked Frac Trend View that allows users to view why operators have good wells in specific areas, what the best wells in a given area have in common and other unique frack-based information for a given shale play.