On July 2, 2013, Barclays published a report titled, “A Pressure Pumping Recovery: The Biggest Surprise for 2013?” emphasizing the firm’s optimistic outlook on the improvement of the pressure pumping market despite the slower than expected growth in rig count.

James West, an analyst at Barclays Capital says spot commodity pricing has stabilized, and in some select cases actually moved up; the largest pressure pumpers are almost fully utilized; there is little to no pressure pumping supply coming into the North American market for the foreseeab...


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