Oilfield services (OFS) and equipment provider RPC Inc. said it might activate another hydraulic fracturing fleet but added that likely would not occur during the first six months of this year.

CEO Richard A. Hubbell said that he sees “many indications of continued growing activity levels and improved pricing” in the new year.

Last spring, Hubbell predicted a “continued modest recovery” as 2021 progressed. Previously, he said that he anticipated growth from private as well as public exploration and production (E&P) companies.

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He said the Atlanta-based oilfield services and equipment provider, which serves onshore and offshore E&P firms...