Liberty Lift Solutions LLC acquired Corral Oil Field Services LLC on Jan 10 for an undisclosed amount, according to a company release.
Headquartered in Andrews, Texas, Corral is a family-owned and -operated artificial lift company specializing in the service, repair and sale of pumping units and related artificial lift equipment in the Permian Basin, where Liberty Lift CEO Bobby Evans said the company plans to expand.
“Corral is a first-in-class organization, with an exceptional reputation for high service quality and hard work and a customer-first mindset, just like Liberty,” Evans commented in a company release. “They will be an integral piece of our continued plans for growth in the Permian.”
Liberty Lift is a full service pumping unit company based in Houston. The company has locations in several major producing regions of the U.S. including several offices in the Permian Basin in West Texas in Andrews, Midland and Monahans plus a Hobbs, New Mexico service center, which opened 2019 as part of Liberty expansion into the northern Delaware Basin.
“We’re excited to welcome Lorenzo, Carlos and the entire Corral organization to the Liberty Lift team,” Evans also added in the release.
Recommended Reading
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
2024-05-09 - Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.
What's Affecting Oil Prices This Week? (March 18, 2024)
2024-03-18 - On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.
What's Affecting Oil Prices This Week? (March 11, 2024)
2024-03-11 - Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.
Oil Market Shifting Back to Supply/Demand
2024-03-08 - Stratas Advisors' John Paisie forecasts the price of Brent crude to increase during the second and third quarters of this year and move toward $90/bbl.
Commentary: Fact-checking an LNG Denier
2024-03-10 - Tampa, Florida, U.S. Rep. Kathy Castor blamed domestic natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy's Nissa Darbonne.