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Key people | Chris Wright (CEO) |
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| Website | libertyenergy |
Liberty Energy Inc. is an American energy company. [1] [2]
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Key people | Chris Wright (CEO) |
|---|---|
| Website | libertyenergy |
Liberty Energy Inc. is an American energy company. [1] [2]
In 2020, Schlumberger sold their fracking division to Liberty. [3] In 2023, they bought Siren Energy. [4]
Natural gas is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane (95%) in addition to various smaller amounts of other higher alkanes. Traces of carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Methane is colorless and odorless, and the second largest greenhouse gas contributor to global climate change after carbon dioxide. Because natural gas is odorless, odorizers such as mercaptan are commonly added to it for safety so that leaks can be readily detected.
Schlumberger NV, doing business as SLB, also known as Schlumberger Limited, is an American oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Ovintiv Inc. is an American petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
Baker Hughes Company is a global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications. It operates in over 120 countries, with facilities in Australia, Brazil, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, the United Kingdom and the United States.
Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland.
Expand Energy Corporation is a natural gas exploration and production company headquartered in Oklahoma City. It was previously known as Chesapeake Energy Corporation.
Origin Energy Ltd is an ASX listed public company with headquarters in Sydney. It is a major integrated electricity generator, and electricity and natural gas retailer. It operates Eraring Power Station, Australia’s largest coal-fired power station, in New South Wales, which it plans to close in 2025. As of 2024, it plans to "minimise" its ownership of wind and solar power, to boost investor returns. It owns 20% of Octopus Energy, a UK renewable energy retailer.
Fracking in the United States began in 1949. According to the Department of Energy (DOE), by 2013 at least two million oil and gas wells in the US had been hydraulically fractured, and that of new wells being drilled, up to 95% are hydraulically fractured. The output from these wells makes up 43% of the oil production and 67% of the natural gas production in the United States. Environmental safety and health concerns about hydraulic fracturing emerged in the 1980s, and are still being debated at the state and federal levels.
Well stimulation is a broad term used to describe the various techniques and well interventions that can be used to restore or enhance the production of hydrocarbons from an oil well.
Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses, through its three operating subsidiaries: Bermuda Electric Light Company, Liberty Power and Liberty Utilities.
Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process industries. Cameron was acquired by Schlumberger (SLB) in 2016, and now operates as 'Cameron, an SLB Company.' At the start of the SLB acquisition in 2015, Cameron employed approximately 23,000 people and delivered $9.8 billion in revenue.
Hydraulic fracturing is a well stimulation technique involving the fracturing of formations in bedrock by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" into a wellbore to create cracks in the deep rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants hold the fractures open.
Fracking has become a contentious environmental and health issue with Tunisia and France banning the practice and a de facto moratorium in place in Quebec (Canada), and some of the states of the US.
Cuadrilla Resources is an oil and gas exploration and production company founded in 2007. It is headquartered in Bamber Bridge, Lancashire, and has operations in the United Kingdom. The company intend to develop shale gas in the UK by using hydraulic fracturing. Its chairman is Roy Franklin, who is also deputy chairman of Equinor. Its chief executive is Francis Egan.
The anti-fracking movement is a political movement that seeks to ban the practice of extracting natural gasses from shale rock formations to provide power due to its negative environmental impact. These effects include the contamination of drinking water, disruption of ecosystems, and adverse effects on human and animal health. Additionally, the practice of fracking increases the amount of carbon dioxide released into the atmosphere, escalating the process of climate change and global warming. An anti-fracking movement has emerged both internationally, with involvement of international environmental organizations, and nation states such as France and locally in affected areas such as Balcombe, Sussex, in the UK. Pungești in Romania, Žygaičiai in Lithuania, and In Salah in Algeria. Through the use of direct action, media, and lobbying, the anti-fracking movement is focused on holding the gas and oil industry accountable for past and potential environmental damage, extracting compensation from and taxation of the industry to mitigate impact, and regulation of gas development and drilling activity.
Shale gas in the United Kingdom has attracted increasing attention since 2007, when unconventional onshore shale gas production was proposed. The first shale gas well in England was drilled in 1875. As of 2013 a number of wells had been drilled, and favourable tax treatment had been offered to shale gas producers.
Liz Truss's tenure as Prime Minister of the United Kingdom began on 6 September 2022 when she accepted an invitation from Queen Elizabeth II to form a government, succeeding Boris Johnson, and ended 49 days later on 25 October upon her resignation. As prime minister, she served simultaneously as First Lord of the Treasury, Minister for the Civil Service, and Minister for the Union.
Natasha Tsukanova is a businesswoman and philanthropist. She is best known as founder of XENON Capital Partners and co-founding the Tsukanov Family Foundation.
Christopher Allen Wright is an American businessman who is the CEO of Liberty Energy, North America's second largest hydraulic fracturing company. He is the presumptive nominee for United States Secretary of Energy under Donald Trump's second presidency. He is a board member of Oklo Inc., a nuclear technology company, and EMX Royalty, a royalty payment company for mineral rights and mining rights.