- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil Field Rumblings
Posted on 11/10/16 at 4:49 pm to ibleedprplngld
Posted on 11/10/16 at 4:49 pm to ibleedprplngld
quote:
It's certainly possible. I'm not well versed in how much regulation effects the bottom line but I'd assume any cost saving results in greater profits.
You need to get to the point where you're making profits though, which many are not at right now. Deregulation would help get it closer but it won't drive it down that much. The market needs to rebalance and that's going to take time and help from producers overseas
This post was edited on 11/10/16 at 4:50 pm
0
Posted on 11/10/16 at 5:01 pm to alphaandomega
quote:
An import ban on foreign oil as long as the domestic price lets gas run at $3 or less
Massive disaster.
Posted on 11/10/16 at 5:13 pm to back9Tiger
??
Posted on 11/10/16 at 5:28 pm to Russ337
I question the economics of the west texas horizontal shale wells. There is little chance these wells are profitable at the current prices despite what the company presentations show. The real economics are pretty marginal at best until oil prices improve.
Posted on 11/10/16 at 5:33 pm to TigerDog83
So you are saying this is based on massive SEC fraud?
Posted on 11/10/16 at 5:35 pm to ibleedprplngld
This is great news. I worked for GE Oil & Gas designing blow out preventers but got laid off awhile back and still having trouble getting back into the industry. Every time I reach out to my contacts they're all still worrying about more layoffs.
Posted on 11/10/16 at 5:39 pm to ibleedprplngld
Outstanding. I worked for H&P and Transocean in the gulf from 1998-2007. I did a small stretch with Diamond Offshore Drilling too. I'm happy the oilfield boys will get more jobs.......Drill honky drill!
Posted on 11/10/16 at 5:45 pm to ibleedprplngld
There are 4 major multi billion dollar offshore oil platforms being designed and built now. All will be in deep water off the coast of Louisiana these have been in the works well before the election.
1 is mad dog 2 for BP.
Appomattox and Polaris for Shell and one for Exxon I forgot the name.
There might be others, these are the ones I know about
1 is mad dog 2 for BP.
Appomattox and Polaris for Shell and one for Exxon I forgot the name.
There might be others, these are the ones I know about
Posted on 11/10/16 at 6:04 pm to Tiger Roux
Doesn't seem like anyone in this thread sees demand for US oil increasing and costs all the way from drilling to the pump decreasing. I know different types of oil are used to make different things, but don't we have a lot of the type used to make fuel?
Posted on 11/10/16 at 6:06 pm to CorporateTiger
I'm saying public companies continue to get easy access to capital to drill uneconomic or marginally economic wells. What are the payout times on these wells? Many of these companies omit g&a costs and contractural gathering costs in their presentations to make these wells look profitable at 40$ oil. Look at the pile of companies who emerged from bankruptcy only to keep the same board and execs. How much capital do they feel they need to destroy?
Posted on 11/10/16 at 6:22 pm to Douboy
quote:
Demand will. Let's get the economic engine running again. Infrastructure projects would be a huge help.
This sounds a lot like the artificial creation of demand. Bad idea. The ME countries are just going to arse frick the oilfield guys again anyways.
It's time to face reality.. coal is dead and oil is where it needs to be.
Posted on 11/10/16 at 6:35 pm to bmy
I work in project controls in major projects for a major US refinery and project spending is very flat in 2017. And I have friends in upstream (2 different major oil companies) that are hearing the same things.
I'm getting laid off and moving to another major oil co soon. I'm hearing it will probably be 2-3rdqtr next year before it picks back up. Hoping at least.
I'm getting laid off and moving to another major oil co soon. I'm hearing it will probably be 2-3rdqtr next year before it picks back up. Hoping at least.
Posted on 11/10/16 at 6:43 pm to Russ337
Delaware basin?
Posted on 11/10/16 at 6:48 pm to ibleedprplngld
Rumors brewing about new contracts being signed just outside of New Orleans as well.
Posted on 11/10/16 at 7:54 pm to ibleedprplngld
I think more than anything, the political winds in this country are instilling a little more confidence that things will improve. I can't speak to exact economics, because I honestly don't know. But does President Trump instill more confidence in negotiations with the Saudis to curve production? Does rolling back regulation and lifting the mouritorium project greater profits? I can't say. Although my livelihood is the oil field, I am only on he services side of things, not production.
This post was edited on 11/10/16 at 7:55 pm
Posted on 11/11/16 at 8:24 am to Aristo
Can anyone throw some Operator's names out there so I can get my sales team moving?
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News