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Liberty Oilfield sees frac activity 'modestly ahead' of anticipated levels

Oct 28 (Reuters) - Liberty Oilfield Services on Wednesday said hydraulic fracturing activity was trending ‘modestly ahead’ of previously anticipated levels and that it expected roughly a 20% spike in its active fleets for the fourth quarter compared with the third quarter.

The company estimated roughly 130 fleets are running in the U.S., below the number of fleets needed to hold U.S. oil production flat.

Reporting by Gary McWilliams

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