New Frack Company in Town -- The Bakken, North Dakota, USA

From AC22 -- comment received Thursday evening, November 24, 2011 -- new fracking outfit in North Dakota.

From AC22:

Drum roll please.......a new frac compay has entered the bakken. I don't know who they are working for but their equipment is on the ground in ND and ready to work. Liberty Oilfield Services. Looks like they were just started and their only operations are in the Bakken.

In their 3Q11 earnings conference call, Schlumberger said there would be pricing pressures (downward) on fracking going forward. At the time I said that was good news for the drillers, bad news for investors in Schlumberger.

Liberty needs to get a "701" area code! From their website:

CONTACT US:

Liberty Oilfield Services
1200 17th Street
Suite 2050
Denver, CO 80202
(303) 749 - 5727 Tel
(303) 749 - 5759 Fax