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OFS - Good riddance to Q2, but will US activity ever be the same? - July 2020
A quarter no one in the services sector will forget—no matter how much they want to—has come to an end. What’s left is the cleanup—brutal earnings reports, bankruptcies, depressed activity and day rates. A significant number of executives think this downturn will never be entirely over. The Dallas Fed’s quarterly energy survey found 16% believe US drilling and completions activity will never fully rebound to pre-coronavirus levels. Another 39% said it will happen in......
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