re: Where do you see o&g headed in the future?

I'm not trying to persuade anyone about this. I'm just speaking from my perspective as someone with over 20 years industry experience all across the globe.

It's been my experience that land work is very unpredictable and entire projects can be shut down in a flash. I've seen acres of brand new H&P Flex rigs laying in the grass because multiple companies shut down entire fields. Land rigs are cheaper, more generic, and in high supply. Oil companies can opt out of contracts with little repercussion.

New generation deep water rigs remain in high demand. The work environment is much more challenging and there are only so many rigs in existence capable of doing the work. When the deepwater GOM temporarily shut down those rigs simply moved to other locations around the globe.

I think the biggest mistake I ever made was leaving a deep water position overseas and taking one on land in the US. The work was far less stable and I was bored out of my mind within a few months. It's mostly repeating the same processes over and over.