- Divergent Energy Services (DVG) saw its Q2 2022 activity marginally higher than in Q1, and one-third higher than Q2 of the previous year
- The company continues to experience quarter over quarter activity growth and its clients have renewed urgency in returning wells to production in response to the prolonged increase in oil and gas prices
- Divergent is currently working at maximum capacity and is actively expanding its workforce and equipment fleet to meet the increased demand
- Shares of Divergent Energy Services (DVG) were 11.76 per cent higher, trading at $0.095 a share as of 2:30 pm ET
Divergent Energy Services (DVG) saw its Q2 2022 activity marginally higher than in Q1 and one-third higher than Q2 of the previous year.
In its most recent operations update, the company explained that it continues to experience quarter-over-quarter activity growth as its clients indicate a renewed urgency in returning wells to production in response to the prolonged increase in oil and gas prices.
The company’s largest client intends to continue its workover program for the next 12 months at a pace which may exceed recent quarters.
In addition to the growing demand from its existing customer base, the company continues to draw sales from new customers within our service region.
Divergent is working at maximum capacity and is actively expanding its workforce and equipment fleet to meet the increased demand.
Divergent Energy Services Corp. (DVG) provides fluids management products and services for the water, gas, and oil industries through its Extreme Pump Solutions LLC subsidiary.
Shares of Divergent Energy Services (DVG) were 11.76 per cent higher, trading at $0.095 a share as of 2:30 pm ET.