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re: I heard layoffs happened at Schlumberger today
Posted on 1/14/15 at 10:16 am to Prominentwon
Posted on 1/14/15 at 10:16 am to Prominentwon
quote:
So the US is +101 in rigs, and everyone gets laid off?
excatly...people are overreacting.
quote:
Sounds to me more upper tier people (that I'm sure have more than enough money) are getting the axe right now.
that and middle management. Service companies are being asked to cut rates in order to keep people working and keep jobs going.....the problem with that is overhead cost are still high. They are trying to figure out how to cut cost and stay in the game at the same time they're trying to cut over head.(trimming the fat)
1
Posted on 1/14/15 at 10:20 am to tgrbaitn08
Still going pretty strong in NWLA
BHP just cut 1 Nabors rig, but Wildhorse near Ruston has picked up 2 new Nabors rigs with plans for 12 total drilling by the end of the year.
Hedged oil and dry gas are keeping it alive up here at the moment.
On the flip side, even though it is going strong, the operators are still looking for day rate cuts, which in turn leads the drilling contractor to ask me for a price reduction.
BHP just cut 1 Nabors rig, but Wildhorse near Ruston has picked up 2 new Nabors rigs with plans for 12 total drilling by the end of the year.
Hedged oil and dry gas are keeping it alive up here at the moment.
On the flip side, even though it is going strong, the operators are still looking for day rate cuts, which in turn leads the drilling contractor to ask me for a price reduction.
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