Select energy services says reduced total select headcount by 31% since march 1

Select energy services provides operational updates and strategic actions in response to current market conditions.select energy services inc - reduced total select headcount by 31% since march 1, 2020, including field operations and corporate positions.select energy services inc - reducing previously announced 2020 capital expenditures guidance from prior range of $55 million to $70 million by at least 50%.select energy services inc - expects relatively flat revenue for q1 of 2020 as compared to q4 of 2019.select energy services inc - expects to generate strong free cash flow during q1 of 2020.select energy services inc - expects results of operations during q2 of 2020 will be significantly impacted by current market conditions.select energy services inc - had no outstanding borrowings under its revolving credit facility.
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