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OFS - ProPetro expects idle fees to make up chunk of Q2 revenue - June 2020
ProPetro expects to average only three or four frac fleets fully utilized in Q2, compared with 18.6 fleets in Q1. A significant portion of its Q2 revenue is expected to come from idle fees paid by Pioneer Natural Resources. “When we were putting this contract into place to smooth out the curves and the volatility of our sector and our industry, we never could have imagined a time like this one where activity would......
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