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:
"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.
Arthur Roy, CEO
Liberty Energy Corp.
Two Allen Center
1200 Smith Street
Houston, TX 77002
SOURCE Liberty Energy Corp.