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Rig count no longer a reliable bellwether for risk in oil and gas services lending
Abstract: For decades, commercial lenders relied on a simple rule when evaluating credit risk in oil and gas support services: follow the U.S. rig count. But a portfolio classification of oil and gas support services now encompasses businesses with radically different risk profiles.
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https://www.dallasfed.org/banking/pubs/dfb/2026/2606
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Banking
Publication Date: 2026-07-16