Liberty Energy Corp. (OTCPK:LBYE) entered into letter of intent to acquire a producing oil & gas leases in Archer County, Texas for $0.4 million on November 22, 2013. Under the terms of agreement, Liberty has agreed to pay $0.1 million cash plus $0.3 million worth of restricted stock with an extended leak out. Sellers will retain a minority carried interest in work-over and infill drilling wells subject to a Before Pay Out return to Liberty of 125% of capital invested. The transaction is subject to Liberty Energy due diligence, the negotiation of definitive agreements and raising the required funding.

As announced on January 7, 2014, Liberty Energy Corp. (OTCPK:LBYE) entered into purchase And sale agreement to acquire a producing oil & gas leases in Archer County, Texas.

Liberty Energy Corp. (OTCPK:LBYE) cancelled the acquisition of a producing oil & gas leases in Archer County, Texas on November 22, 2014.