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Cactus Expects US Land Rig Count To Remain Stable In Q4 From Today's Levels

Benzinga ·  Oct 30 17:50

Scott Bender, CEO and Chairman of the Board of Cactus, said, "Although the outlook for U.S. land drilling activity remains subdued, our business continues to outperform, generating industry-leading returns and substantial free cash flow. In the third quarter, we pursued a growth opportunity and incurred non-routine Corporate expenses as a result of this effort. We are no longer pursuing this specific opportunity."

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