The company has a dedicated supply chain team responsible for sourcing and logistics to maintain supply flexibility and continuity. It maintains long-term relationships with multiple suppliers of proppant, chemicals, hydraulic fracturing, and power generation equipment. Liberty Advanced Equipment Technologies LLC provides engineering design, manufacturing, and packaging for certain equipment used in the company's operations. In October 2021, the company acquired Proppant Express Solutions LLC, a supplier of containerized sand and last mile proppant logistics solutions, as part of a vertical integration strategy. The company also operates two sand mines in the Permian Basin to reduce proppant supply risks. It purchases a variety of raw materials, parts, and components for hydraulic fracturing and distributed power operations and is not reliant on any single supplier. To date, the company has generally been able to obtain the necessary equipment, parts, components, and supplies to support its operations.
Liberty Energy Inc's Comment on Supply Chain
The company has a dedicated supply chain team responsible for sourcing and logistics to maintain supply flexibility and continuity. It maintains long-term relationships with multiple suppliers of proppant, chemicals, hydraulic fracturing, and power generation equipment. Liberty Advanced Equipment Technologies LLC provides engineering design, manufacturing, and packaging for certain equipment used in the company's operations. In October 2021, the company acquired Proppant Express Solutions LLC, a supplier of containerized sand and last mile proppant logistics solutions, as part of a vertical integration strategy. The company also operates two sand mines in the Permian Basin to reduce proppant supply risks. It purchases a variety of raw materials, parts, and components for hydraulic fracturing and distributed power operations and is not reliant on any single supplier. To date, the company has generally been able to obtain the necessary equipment, parts, components, and supplies to support its operations.
Sources:
Liberty Energy Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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