Sanjel Corporation announces Strategic Transactions
June 13, 2016
On June 13, 2016, Liberty Oilfield Services Holdings LLC ("Liberty") completed its acquisition of the United States fracturing, coiled tubing and cementing assets of Sanjal Corporation ("Sanjal"), a privately held oil-field services company based in Calgary. The acquisition was completed through Sanjal's court supervised restructuring process before the Court of Queen’s Bench of Alberta under the Companies’ Creditors Arrangement Act and in Texas pursuant to Chapter 15 of the US Bankruptcy Code.
Liberty is an innovative oilfield service company providing specialized stimulation services to optimize well production. Liberty currently operates in the Williston, DJ and Powder River basins and is headquartered in Denver, Colorado.
McCarthy Tétrault LLP advised Liberty with a team led by Sean Collins (Bankruptcy and Restructuring) that included Catherine Samuel (Business), Walker MacLeod (Bankruptcy and Restructuring), Pantelis Kyriakakis (Bankruptcy and Restructuring), Elaine Sun (Business) and Melissa Colborne (Business).