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Thursday, 04/27/2017 1:16:09 PM

Thursday, April 27, 2017 1:16:09 PM

Post# of 14597
$MMHC News: Global market research and consulting firm MarketsandMarkets reported that the oilfield equipment rental market will be worth $53.7 Billion by 2019. In their market study entitled Oilfield Equipment Rental Market by Equipment - Global Trends and Forecasts to 2019, (http://www.marketsandmarkets.com/PressReleases/oilfield-equipment-rental.asp) MarketsandMarkets concluded: The North American region holds the largest market for oilfield equipment rental, driven largely by the number of drilling and E&P [Energy & Petroleum] activities in the U.S./ North America, due to its growing energy needs and flourishing conventional and unconventional drilling and oilfield service industry is the major growth engine for this market. The Company is positioning itself to take optimal advantage of the improved market conditions. Mr. Frazier said, "We are on track with our business development plan in an improving oil and gas market. We anticipate the drilling sector to be a leading indicator of overall market improvement from which we expect to benefit."

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