Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Second Quarter (2Q) Update | Frac Markets - Pressure Pumping | Frac Markets - Frac Trends
Superior Energy: We See No Slow Down in Activity
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Superior Energy Services reported its 2Q17 results and like the other well service providers, the company showed increased in revenue as a results of increase activity from E&Ps. Here are some highlights.
As a result of increased activity, the company is rebuilding 150k horsepower. No slow down from bigger/core customers. Vaca muerta activity to pickup Drilling activity also continued to slow in international markets during the quarter Increasing capex as a result of increased in activity (needs to rebuild) Activity SlowdownDuring the earnings call, David Dunlap was asked about activity slowing down and here is what he had to say.
J. Marshall Adkins - Raymond James & Associates, Inc.
Okay. Last question from me. Any signs of slowing from customer interest due to the sloppy oil prices…
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