Liberty Oilfield Services to Launch Share Buyback

Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today
that its board of directors has authorized the implementation of a share
repurchase plan to repurchase, at the discretion of senior management,
shares of Liberty’s Class A common stock, par value $0.01 per share, in
an amount not to exceed $100 million through September 30, 2019. The
board’s authorization includes the ability to purchase from Liberty’s
pre-initial public offering investors at prices equivalent to those paid
to unaffiliated sellers, subject to certain limitations. The share
repurchases may be made from time to time in the open market and through
privately negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations. The Company expects to
fund repurchases made under this plan from its existing cash on hand and
future operating cash flow.

The share repurchase program was authorized on September 10, 2018 and
will remain in place until September 30, 2019 but may be limited or
terminated at any time without prior notice.

The share repurchase program was approved by Liberty’s board of
directors who believe that a share repurchase program at this time is in
the best interest of Liberty and its shareholders and will not impact
Liberty’s ability to execute its growth plans.

About Liberty Oilfield Services Inc.

Liberty Oilfield Services Inc. is an independent provider of hydraulic
fracturing services to onshore oil and natural gas exploration and
production companies in North America. Liberty was founded in 2011 with
a relentless focus on improving tight-oil completions, and an emphasis
on customer partnerships and technology to find innovative answers to
frac optimization. Liberty is headquartered in Denver, Colorado.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). These
forward-looking statements represent Liberty’s expectations or beliefs
concerning future events, and it is possible that the results described
in this press release will not be achieved. These forward-looking
statements are subject to certain risks, uncertainties and assumptions
identified above or as disclosed from time to time in Liberty’s filings
with the Securities and Exchange Commission (the “SEC”). As a result of
these factors, actual results may differ materially from those indicated
or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, Liberty does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Liberty to predict
all such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements the
“Risk Factors” section of Liberty’s Annual Report for the year ended
December 31, 2017 and in our other public filings with the SEC. These
and other factors could cause our actual results to differ materially
from those contained in any forward-looking statement.

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