HOUSTON, Feb. 10, 2014 /PRNewswire/ -- Liberty Energy
Corp. (OTCQB: LBYE) ("Liberty" or "the Company") an independent oil
and gas company targeting onshore Texas oil conventional plays with a current
focus on the Fort Worth Basin,
today announces that the Company has executed terms with a drilling
service company based in Abilene,
Texas to joint venture with its shallow drilling program in
Baylor and Archer Counties.
The terms outlined called for participation in the forthcoming
drilling program through operating the drilling program while
participating in one third of the drilling and completed costs of
each infill well on the leases that Liberty is acquiring. The
drilling company has evaluated the opportunity and indicated their
interest in participating in an aggressive drilling program in
North Central Texas.
"We are very excited to welcome this drilling partner to
participate in our drilling program on the producing oil & gas
leases in Baylor and Archer Counties. Their confidence in the
infill drilling locations supports our underlying thesis that these
legacy fields provide an excellent low risk, consistent and
multi-pay return on investment for our shareholders," stated CEO
Arthur Roy.
Final details will be executed after the internal engineering
review has been completed of these producing oil & gas leases.
Subsequent agreements and related disclosures will be filed through
SEC filings and posted to Liberty's corporate website and blog.
http://www.libertyenergycorp.com/blog
ABOUT LIBERTY: Liberty Energy Corp. (OTCQB:LBYE) is an
Independent Oil and Gas Exploration and Production Company
dedicated to the sourcing and production of oil and gas onshore
Texas. Headquartered in
Houston, Texas, the company has
acquired several leases with extensive potential for future
development.
Certain statements in this press release are forward-looking and
involve a number of risks and uncertainties. Such forward-looking
statements are within the meaning of that term in Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. Liberty Energy Corp.
bases these forward-looking statements on current expectations and
projections about future events, based on information currently
available. The forward-looking statements contained in this press
release may also include statements relating to Liberty Energy
Corp.'s anticipated financial performance, business prospects, new
developments, strategies and similar matters. Liberty Energy Corp.
disclaims any obligation to update any of its forward-looking
statements, except as may be required by law. Please read our full
disclaimer:
http://www.libertyenergycorp.com/contact/disclaimer/
Contact:
Arthur Roy, CEO
Email: IR@LibertyEnergyCorp.com
Liberty Energy Corp.
2425 Fountain View Drive
Suite 300
Houston Texas 77057
Phone: 18326492652
Fax: 18325751051
Email: Info@LibertyEnergyCorp.com
Website: http://LibertyEnergyCorp.com
Twitter: https://twitter.com/LibertyEnergyCo
Facebook: http://facebook.com/LibertyEnergyCorp
SOURCE Liberty Energy Corp.