Covia And Baker Hughes Join Ballooning List Of OFS Spending Cuts [Real-Time OFS Crisis Response Tracker]

E&P operators announced their spending cuts a week or two before most of the oilfield service industry (OFS).

We are tracking the E&P capex pullbacks in real-time here, and their planned rig releases and frac crew releases too.

Now it’s OFS’s turn to activate the downturn playbook and announce cost and spending reductions. So far, we track…..

There’s a lot more to this story…

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