Filing Details

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Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with

Sole Voting Power

0

Shared Voting Power

49,601,961

Sole Dispositive Power

0

Shared Dispositive Power

49,601,961

Accession Number:: 0001193125-22-064334
Form Type:: 13D Filing
Publication Date:: 2022-03-02 19:00:00

Filed By:: Schlumberger Limited/nv
Company:: Liberty Energy Inc.
Filing Date:: 2022-03-03
SEC Url:: 13D Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Shared Voting Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Schlumberger N.V. (Schlumberger Limited)	49,601,961	49,601,961	49,601,961	26.7%
Schlumberger B.V	49,601,961	49,601,961	49,601,961	26.7%
Schlumberger Holdings Corporation	49,601,961	49,601,961	49,601,961	26.7%
Schlumberger Technology Corporation	49,601,961	49,601,961	49,601,961	26.7%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

LIBERTY OILFIELD SERVICES INC.

(Name of Issuer)

Class A Common Stock, $0.01 par value per share

(Title of Class of Securities)

53115L 104

(CUSIP Number)

Dianne Ralston

Chief Legal Officer and Secretary

Schlumberger Limited

5599 San Felipe, 17th Floor

Houston, Texas 77056

(713) 513-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 28, 2022

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box. ☐

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


1.		Names of Reporting Persons Schlumberger N.V. (Schlumberger Limited)
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization CURAÇAO

Based on an aggregate of 186,094,771 shares of Common Stock, composed of (a) 183,645,580 shares of Class A Common Stock outstanding as of February 18, 2022, as reported in the Issuers Annual Report on Form 10-K filed on February 22, 2022 (the Form 10-K), and (b) 2,449,191 shares of Class B Common Stock outstanding as of February 18, 2022, as reported in the Form 10-K.


1.		Names of Reporting Persons Schlumberger B.V.
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Netherlands

Based on an aggregate of 186,094,771 shares of Common Stock, composed of (a) 183,645,580 shares of Class A Common Stock outstanding as of February 18, 2022, as reported in the Form 10-K, and (b) 2,449,191 shares of Class B Common Stock outstanding as of February 18, 2022, as reported in the Form 10-K.


1.		Names of Reporting Persons Schlumberger Holdings Corporation
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware, United States


1.		Names of Reporting Persons Schlumberger Technology Corporation
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Texas, United States

Explanatory Note

This Amendment No. 3 to Schedule 13D (this Amendment No. 3) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on January 11, 2021, as amended by Amendment No. 1 to Schedule 13D, filed on September 29, 2021, and Amendment No. 2 to Schedule 13D, filed on November 9, 2021 (the Current Schedule 13D), relating to the Class A common stock, par value $0.01 per share (the Common A Shares), of Liberty Oilfield Services Inc. (the Issuer). The Common A Shares and Class B common stock, par value $0.01 per share, of the Issuer (the Common B Shares and, together with the Common A Shares, the Common Shares) are treated as a single class for purposes of this Schedule 13D because they vote together as a single class. Capitalized terms used herein without definition shall have the meaning set forth in the Current Schedule 13D.

Item 5. Interest in Securities of the Issuer

Item 5 of the Current Schedule 13D is hereby amended and restated in its entirety as follows:

(a)

As of the date hereof, STC directly holds 49,601,961 Common A Shares, constituting approximately 26.7% of the 186,094,771 outstanding Common Shares. Since SHC controls STC, it is deemed to beneficially own the Common A Shares held directly by STC. Since Schlumberger BV controls SHC, it is deemed to beneficially own the Common A Shares held directly by STC. Since Schlumberger Limited controls Schlumberger BV, it is deemed to beneficially own the Common A Shares held directly by STC. The 186,094,771 outstanding Common Shares are composed of (a) 183,645,580 Common A Shares outstanding as of February 18, 2022, as reported in the Issuers Annual Report on Form 10-K filed on February 22, 2022, and (b) 2,449,191 shares of Class B Common Stock outstanding as of February 18, 2022, as reported in the Issuers Annual Report on Form 10-K filed on February 22, 2022.

(b)

Schlumberger Limited, Schlumberger BV, SHC and STC have shared voting power and shared dispositive power over the Common A Shares held directly by STC.

(c)

On February 28, 2022, STC sold 7,224,173 Common A Shares at a price of $11.60 per share pursuant to Rule 144 under the Securities Act of 1933, as amended, for aggregate consideration of $83,800,406.80.

(d)

The Reporting Persons have the right to receive distributions from, or proceeds from the sale of, the Common A Shares reported herein. Except as set forth in the preceding sentence, no other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of distributions from, or the proceeds from the sale of, Common A Shares beneficially owned by the Reporting Persons.

(e)

Not applicable.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 3, 2022


Schlumberger Limited

By:		/s/ Samantha Blons
Name:		Samantha Blons
Title:		Assistant Secretary

Schlumberger B.V.

By:		/s/ Astrid Posthumus Meijjes
Name:		Astrid Posthumus Meijjes
Title:		Secretary

Schlumberger Holdings Corporation

By:		/s/ Corrie Merchant
Name:		Corrie Merchant
Title:		Treasurer

Schlumberger Technology Corporation

By:		/s/ Corrie Merchant
Name:		Corrie Merchant
Title:		Treasurer

[Signature Page to Schedule 13D/A]