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.
Recovering more for less is the ultimate goal for operators and service companies.
Major operators in the Permian Basin are optimizing spacing strategies in pursuit of increasing well productivity, Enverus analysts say.
Crude oil and gas will be moved through Mountaineer and Canyon Chief pipelines.