Liberty Lift Solutions, LLC: Company Profile

Background

Liberty Lift Solutions, LLC is a full-service artificial lift company established in 2012, headquartered in Houston, Texas. The company specializes in providing premium products and services to the oil and gas industry, focusing on beam pumping units and a comprehensive range of artificial lift solutions. Liberty Lift's mission is to continually advance the design and performance of its products and services to meet the evolving demands of the oil and gas sector. The company's vision is to be the most customer-focused, knowledgeable, and successful artificial lift company globally.

Key Strategic Focus

Liberty Lift Solutions concentrates on delivering a broad spectrum of artificial lift products and services, including:

Beam Pumping Units: Conventional and Enhanced Geometry (EG) units designed for efficient oil extraction.

XL Long-Stroke Units: Engineered for high performance and greater efficiency in managing production costs.

Gas Lift Systems: Tubing and wireline retrievable equipment to optimize production throughout a well's lifecycle.

Hydraulic Jet Pumps: Versatile solutions incorporating surface power fluid systems and downhole jet pumps.

Plunger Lift Systems: Cost-effective equipment to extend well life and maintain production efficiency.

Sucker Rods and Downhole Pumps: High-quality components ensuring reliable rod-lift performance.

Automation Solutions: Cloud-based SaaS platforms for real-time monitoring and optimization of operations.

The company targets major oil-producing regions in the United States and has expanded its presence internationally with offices in Bahrain, Canada, and China.

Financials and Funding

Liberty Lift Solutions is a privately held company with estimated annual revenues ranging between $24 million and $78 million. The company employs approximately 240 to 245 individuals. Specific details regarding funding history and investment rounds are not publicly disclosed.

Technological Platform and Innovation

Liberty Lift Solutions differentiates itself through proprietary technologies and innovative methodologies, including:

Enhanced Geometry (EG) Pumping Units: Designed to exceed API 11E specifications, offering improved performance and reliability.

XL Long-Stroke Units: Providing high performance and greater efficiency, these units are engineered to manage production costs effectively.

Automation Solutions: Utilizing cloud-based SaaS platforms, such as Avenirre™ BI, to offer real-time monitoring and optimization of production operations.

These innovations underscore Liberty Lift's commitment to advancing artificial lift technologies and delivering tailored solutions to the oil and gas industry.

Leadership Team

Liberty Lift Solutions is led by a team of seasoned professionals with extensive experience in the artificial lift sector:

Bobby Evans, CEO: With over 40 years in artificial lift services, Bobby Evans has been with Liberty Lift since its inception. He previously owned Pump Jack Masters and served as Global VP at Weatherford International, overseeing business units with annual sales of approximately $3 billion.

David Jones Sr., SVP & CFO: Bringing 39 years of financial and operational management experience, David Jones Sr. has been with Liberty Lift since its founding. He is a Certified Public Accountant and formerly served as Treasurer and Corporate Director of Finance at Weatherford International.

Don Crow, VP of Sales: With 37 years in sales management, Don Crow has been with Liberty Lift since its inception. He previously held the position of General Sales Manager at Lufkin, responsible for worldwide sales growth.

Sam Gandee, VP Engineering: With over 40 years of design and engineering experience in the reciprocating rod lift business, Sam Gandee has been with Liberty Lift since its inception. He formerly led design efforts at predecessors to both Weatherford's and Lufkin's reciprocating rod lift businesses.

John Paul Cates, VP RRL Services, QHSE: With over 40 years of experience in reciprocating rod lift services, John Paul Cates has been with Liberty Lift since its inception. He previously led international manufacturing quality for Weatherford's business and developed standard operating procedures for Weatherford's reciprocating rod lift services.

Logan Evans, VP of U.S. Operations, Gas Lift & Hydraulic Lift: With 14 years of oilfield experience, Logan Evans has been with Liberty Lift since 2014. He formerly served as Asia Pacific Region Regional Manager – Production at Weatherford International.

Trevor Evans, VP of Long Stroke RRL, Sucker Rods, DHRP & Automation: With 9 years of artificial lift services experience, Trevor Evans has been with Liberty Lift since 2013. He was instrumental in launching the Long Stroke RRL, Sucker Rods, Down Hole Rod Pump (DHRP), and Automation product lines.

Dave Whitman, VP, Operations: With 35 years of oilfield operations experience, Dave Whitman has been with Liberty Lift since its inception. He formerly served as Artificial Lift Services District Manager – Pacific Region at Weatherford International.

John Anthony, Director of Engineering: With 19 years of design and engineering experience in reciprocating rod lift, John Anthony has been with Liberty Lift since its inception. He is a licensed Professional Engineer (PE) in the state of Texas.

Competitor Profile

Market Insights and Dynamics

The artificial lift market is a critical segment of the oil and gas industry, essential for enhancing production efficiency in mature wells. The market is characterized by technological advancements, increasing demand for energy, and the need for cost-effective production solutions.

Competitor Analysis

Key competitors in the artificial lift sector include:

FOGT: Established in 1849 and headquartered in Houston, Texas, FOGT operates in the industrial machinery and equipment industry, generating approximately $31 million more in revenue than Liberty Lift.

Priority Energy LLC: Founded in 2008 and based in Covington, Louisiana, Priority Energy competes in the renewable energy industry and has 86 fewer employees than Liberty Lift.

Don-Nan Pump & Supply Company: Operating in the industrial machinery and equipment sector, Don-Nan is another competitor in the artificial lift market.

Strategic Collaborations and Partnerships

In September 2013, Liberty Lift Solutions acquired the assets of Timberline Service and Repair Inc., a pumping unit service and repair business with service centers in Casper, Wyoming, and Dickinson, North Dakota. This acquisition expanded Liberty Lift's service capabilities in the Rocky Mountain region and aligned with its strategy to be a market leader in sales and service.

Operational Insights

Liberty Lift Solutions operates service centers in major oil-producing regions across the United States, including Midland and San Antonio, Texas; Casper, Wyoming; Bakersfield, California; Oklahoma City, Oklahoma; and locations in North Dakota. The company also maintains engineering locations in Fort Worth, Texas, and Chengdu, China. This extensive network enables Liberty Lift to provide 24/7 installation, service, and repair of its equipment and that of other manufacturers.

Strategic Opportunities and Future Directions

Liberty Lift Solutions aims to continue expanding its product lines and service offerings to meet the evolving needs of the oil and gas industry. By leveraging its experienced leadership team, innovative technologies, and strategic acquisitions, the company is well-positioned to enhance its market presence and deliver value to its customers.