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OFS - Fed: 16% of execs believe US activity will never fully recover - July 2020
Oilfield services companies paid the highest price of a historic Q2 downturn, according to results from the Federal Reserve Bank of Dallas quarterly survey. Respondents also indicated that they don’t expect the oilpatch downturn to be a short one. In fact, one out of six predicted US drilling and completions activity will never return to where it was before the coronavirus pandemic. The business activity index for oilfield services firms plunged to -73.5 in......
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