RE:RE:RE:RE:Turning the corner 2022-03-16. Extract from DIVERGENT Energy Services' (DVG) press release for the 2021 Year End Results.
While drilling rig counts are recovering in Wyoming, they remain roughly sixty percent lower than pre-COVID rig counts. Our customer base in Wyoming that relies on electrical submersible pumps (ESP) to produce their wells have not yet begun to significantly increase drilling or making new investments in their field operations despite their improved balance sheet positions.
In the past, Questor had a presence in Wyoming. I think it will take a couple of quarters before we see an increase in rental revenues.
https://stockhouse.com/news/press-releases/2022/03/16/divergent-energy-services-announces-the-release-of-2021-year-end-results