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Sold! Auctioneers Race to Unload Oil Equipment as US Drilling Dries Up

2020-06-12 11:10:00| OGI

Cutbacks by E&Ps have prompted auctions for oilfield equipment from Odessa, Texas, to Alberta, Canada. Even if oil prices remain in the high-$30s, that will not be enough to spur much in the way of additional drilling.

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