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US upstream week in brief: More trick than treat this earnings season for top OFS players
Report summary
Earnings season brings disappointing, albeit positive results for the oilfield service sector. What caused the selloff, and what does it mean for service costs and logistics in the US? In addition to an analysis of OFS earnings, this week's note addresses labor market shortages in the Permian, a potential IPO from Ascent Resources, and Linn Energy announces the sale of Williston Basin assets for $285 million.
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This report includes 4 images and tables including:
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- Deepwater US GoM rigs
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