Oilfield laying off?

[Texas42]

Just wanted to post this. A few days ago on my drive to work.

 

[ray22]

View attachment 32828
Just wanted to post this. A few days ago on my drive to work.

Thats about right. I read at rigzone that the rig count is down a little over 500 less since last month.

Govern wisely and as little as possible~Sam Houston

 

[shutup&shoot]

We are down to 40 hours at my job.


Sent from my iPhone using Tapatalk

 

[TXARGUY]

View attachment 32828
Just wanted to post this. A few days ago on my drive to work.

Where's that at?

 

[Stukaman]

HP has at least 24 rigs in the yard in Odessa

 

[TXARGUY]

A whole lot of my buddies got sent home last Monday.

 

[Stukaman]

I'm updating resume currently just in case things get worse for us.

 

[Texas42]

Where's that at?

On business 20 between midland and Odessa.

 

[Stukaman]

Willing to bed that's the backside of the HP yard.

 

[kyletxria1911a1]

I left last week

 

[TXARGUY]

Willing to bed that's the backside of the HP yard.

You're willing to bed whose backside in what yard?

 

[kyletxria1911a1]

You're willing to bed whose backside in what yard?

Times are hard, lol work is work

 

[cbigclarke]

And for that work, you really need to be hard

 

[subseashooter]

Yeah....that's some serious pipe laying going on there.....

 

[AndrewR2488]

SLB is laying off ALOT! I was there for 4 years and was a very experienced operator, and was laid off on the 13th of march. There were even operators there longer than me that were also laid off. Im gonna scratch the oilfield off my job search, too much drama and wanna be know it alls.

 

[IXLR8]

Word on the street is that the rebound will begin in January. I can't reveal my sources. Make it until then and you will be fine. Between now and then it will get worse.

 

[TheDan]

Rebound means oil going way up again or the business leveling off so that they can plan for growth again?

 

[karlac]

Rebound means oil going way up again or the business leveling off so that they can plan for growth again?

Shale is expensive to produce. Middle East has a market called Asia, regardless of price. Those two factors don't bode a quick recovery, especially with our increasing lack of leadership, and wrongheadedness in MidEast policy.

It will come back, if we survive to see it...

 

[Stukaman]

Was laid off 2 weeks ago made a phone call got back into my old vocation again no worries oilfield was fun while it lasted and I enjoyed the money if I do it again I'll go with a plan to save more money. I'm lucky I only bought a Harley while I was n out there and so far I think I'm gonna be able to keep it.

 

[karlac]

Was laid off 2 weeks ago made a phone call got back into my old vocation again no worries oilfield was fun while it lasted and I enjoyed the money if I do it again I'll go with a plan to save more money. I'm lucky I only bought a Harley while I was n out there and so far I think I'm gonna be able to keep it.

Smart man.
Went through three "boom and bust" Oil & Gas business cycles in Texas since the 60's.
Lived to tell about it because I kept one foot in another economic sector.
It hurt, but wasn't terminal.