Liberty Energy Corp (LBYE) Earnings

Liberty Energy Corp. is oil and gas company. The company is headquartered in Houston, Texas. The company went IPO on 2007-04-12. The firm is engaged in the acquisition, exploration and development of natural resource properties. The firm's properties are located in the United States. The firm's operations are primarily located in Baylor County, Texas. The firm has four oil and gas producing leases in a transaction, which covers 1,038 acres with 17 oil wells, four injection wells and related surface production equipment. The leases provide 100% working interest and 70-75% net revenue interest (NRI) for the Company in exchange for seller financing, a carried 5% ORR and $50,000 in restricted preferred stock. The leases are estimated to contain a minimum of 15 and likely up to 30 infill drilling locations with expectations based on historical IP (initial production) rates of between 15-20 BOPD on new wells. The firm has working interests in Bastrop County, Caldwell County and Eastland County, all located in Texas.