Thursday, May 14, 2020 10:19:18 AM
Dodson continued, “We began to feel the impact of the fall in oil prices in March as many of our customers began to reduce activity and to seek reduced pricing for our services. March rig hours, which typically improve 10% to 15% over the first two months of the quarter, were flat, leading to an overall decline in rig hours in the first quarter of 2020 of 11.7% as compared to the fourth quarter of 2019
This was to be expected... and more ..
“Today, we have limited visibility into when our customers will resume their production maintenance activities, but believe that as oil supply adjusts to demand and our customers begin to bring wells back on line, we will see some recovery in activity as maintenance work is resumed to stem further production declines. Additionally, we are ready to assist our customers if additional work is required to repair wells and artificial lift systems as a result of the wells being shut in.”
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM