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MCS - Oklahoma experiences around a 50% YOY drop in Q1 D&C activity - June 3, 2020

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For most plays in the US, Q1 will likely have marked the peak of D&C activity for 2020— unless there is a robust price recovery that nobody is really forecasting. For Oklahoma, that fact is signaling a very slow year. At the beginning of Q1 there were 58 rigs running in the state, and by quarter’s end the number had fallen 41% to 34. By the last day of May, the number dropped further......
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