Liberty acquired Sanjel’s U.S. fracturing, coiled tubing and cementing assets.
On June 14, Willkie client Liberty Oilfield Services (“Liberty”) announced that it has completed its acquisition of Sanjel Corporation’s U.S. fracturing, coiled tubing and cementing assets. Immediately following the execution of the purchase agreement with Liberty in April 2016, Sanjel filed for bankruptcy protection in Canada and in the United States.
Liberty, a Riverstone Holdings portfolio company, is an innovative oilfield service company providing specialized stimulation services to optimize well production. It currently operates in the Williston, DJ and Powder River basins and is headquartered in Denver, CO.
The Willkie deal team was led by partner Bruce Herzog and included partners Jon Lyman, Michael De Voe Piazza, Matthew Feldman and Hillel Jacobson; counsel Robin Spigel; and associate Adam Lyons.