HOUSTON, Oct. 21, 2013 /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 announced that the Company has appointed Robert Steven Williamson as Chief Operating
Officer.
Mr. Williamson received his honorable discharge from the U.S.
Navy in 1974 and began his oil and gas career with Petty - Ray
Geophysical acquiring and processing geophysical data for
evaluation and later with Exxon Company U.S.A. During the late 80's and early 90's he
was a Principal of Petroleum Listing Service (http://PLSX.com), a
major oil and gas acquisition and divestiture company. That team of
professionals provided land, legal, geological, engineering and
marketing services to oil and gas companies resulting in over
one billion dollars of
transactions.
Currently Mr. Williamson is the President of Domestic Energy
Development (http://DOEnergy.com), where he manages a team of
professionals consisting of land, engineers and geologists with a
proven track record of finding and producing oil and gas. Mr.
Williamson has over 20 years operating experience in the state of
Texas and participated in the
development of wells in Louisiana,
Kentucky, Tennessee and Oklahoma.
In anticipation of closing the acquisition of the Baylor County oil & gas leases, Liberty
Energy Corp has completed an extensive due diligence period and
prepared a report which outlines information on the leases, the
geology of the area and the projected development phases to
complete workover on the existing wells and begin the infill
drilling program. The Baylor
County leases cover 1,100 Acres with 17 oil wells, 4
injection wells and has current production of approximately 8
Barrels of Per Day (BOPD) from
operating wells. The report can be viewed at this link:
http://www.libertyenergycorp.com/wp-content/uploads/2013/08/LBYE-Corporate-Presentation-10-15-13.pdf
"We are pleased to welcome Mr. Williamson to Liberty Energy
Corp.'s operating team as we finalize the initial acquisition,
launch the development program and begin to close additional
acquisitions. His expertise in operations and established history
of oil & gas acquisitions will support our aggressive business
model and should generate a solid return on investment for the
Company and our shareholders," stated CEO Arthur Roy.
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 in
the United States. 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.
Contact:
Arthur Roy, CEO
Email:
IR@LibertyEnergyCorp.com
Liberty Energy Corp.
Two Allen Center
Suite 1600
1200 Smith Street
Houston, TX 77002
Tel: 1-713-353-4700
Fax: 1-713-353-4701
Email: Info@LibertyEnergyCorp.com
Website: http://LibertyEnergyCorp.com
Twitter: https://twitter.com/LibertyEnergyCo
Facebook: http://facebook.com/LibertyEnergyCorp
SOURCE Liberty Energy Corp.
