The acquisitions follow Liberty Lift’s asset acquisition in January of Corral Oil Field Services, a family-owned and -operated artificial lift company in the Permian Basin. (Source: Liberty Lift Solutions LLC)
Liberty Lift Solutions LLC on April 1 acquired the assets of Elite Lift Solutions LLC and Powder River Hydraulics LLC, with facilities in Dickinson and Williston, North Dakota, as well as Gillette, Wyoming.
“It’s very exciting to have the Elite Lift Solutions and Powder River Hydraulics veteran teams join our Liberty Lift organization,” Liberty Lift CEO Bobby Evans commented in the release. “They have seen significant growth due to their quality products and focus on customer service.”
Elite Lift Solutions (ELS) specializes in the sales and service of downhole production equipment, and driven pile foundations for pumping units and facility equipment.
Powder River Hydraulics (PRH) specializes in multiple jet pump and progressive cavity pump sales and services, including multiplex surface skids for saltwater disposal and jet pump applications, rental units, downhole jet pump equipment, as well as repair and service on all these products.
“The culture of our organizations align very well, which will enhance the growth Liberty has already experienced and help as we strive to be the Artificial Lift market leader. A warm welcome to the ELS and PRH team,” Evans added.
Houston-based Liberty Lift did not disclose the terms of either transaction. The acquisitions follow Liberty Lift’s asset acquisition in January of Corral Oil Field Services LLC, a family-owned and -operated artificial lift company in the Permian Basin.
Recommended Reading
What's Affecting Oil Prices This Week? (Sept. 23, 2024)
2024-09-23 - For the upcoming week, oil prices could get a boost from another storm forming in the Gulf of Mexico that could be a hurricane by the evening of Sept. 25 and possibly affect much of the eastern Gulf Coast.
Paisie: Oil Prices to Rise in Fourth Quarter
2024-10-11 - Weakness in crude markets is connected to struggling economies in the U.S., EU and China.
What's Affecting Oil Prices This Week? (Oct. 21, 2024)
2024-10-21 - Currently, Stratas Advisors are forecasting that oil demand will increase by 1.20 MMbbl/d in 2024. Earlier this year, OPEC was forecasting 2.25 MMbbl/d of oil demand growth.
Oil Prices Jump 4% on US Storm, Israel-Iran Fears
2024-10-10 - Oil prices jumped about 4% on Oct. 10 on a spike in U.S. fuel use before Hurricane Milton barreled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
China’s Stimulus Could Reignite Fuel Demand Long-term
2024-09-25 - In China’s biggest stimulus package since the COVID-19 pandemic, the government is attempting to reverse the country’s recent deflationary trend and boost fuel demand.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.