Petroleum Company Brings $400 Million to Shreveport
Good news seems to be few and far between these days. I know that I have more blessings than curses, but it with all of the negativity in our world today - a lot of the good news gets buried under reports about the crazy political state of our country, surging COVID-19 numbers, and the tanking economy. It's going to take some really good news to cut through the bad stuff, right? Would a $400+ million investment in the oil and gas industry right here in Shreveport do it? Of course it would!
The ArkLaTex Homepage is reporting that Liberty Oilfield Services is doing just that! According to the report, Liberty is taking over Schlumberger’s fracking operations - and they are pouring much needed funds into the petroleum industry in our area. This is great news of the tens of thousands of hard working folks in our area who depend on the industry to put food on the table!
Schlumberger will reportedly get a whopping 37% stake in Liberty as part of the deal. Liberty has a brand new facility on Valley View Drive in Shreveport to reportedly direct the company's operations in the area.
READ MORE: See how some companies are changing their businesses to combat COVID-19
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