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After examining yesterday’s Producer Price Index (PPI) data from the Bureau of Labor Statistics that was released yesterday, we’ve come to the conclusion that oilfield services prices have begun to flatten out after an abrupt slowdown that occurred this Spring. The pricing trends are a positive for the sector and negative for contract drillers.

OFS: Flat Out - 1

OFS: Flat Out - 2

OFS: Flat Out - 3