Liberty Energy Corp. announced that the Company has executed terms to acquire a drilling rig capable of drilling to depths of 3,000 feet. Liberty intends to expand its fleet of oilfield service equipment including this drilling rig and related equipment in order to accelerate development programs. This fully operational rig will allow to reduce the cost of the in fill drilling programs have planned for the leases are targeting.

The Schramm Model T685 Truck Mounted Rig will be acquired with restricted stock and will add a good asset to balance sheet with no increase in debt.