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BHP shutting down 40% US shale rigs
Posted on 1/20/15 at 7:00 pm
Posted on 1/20/15 at 7:00 pm
6
Posted on 1/20/15 at 7:08 pm to Evolve
fricking yahoo. A well isn't a rig.
Posted on 1/20/15 at 7:23 pm to Evolve
I saw the thread title and said, "Damn, Blackhelicopterpilot is a much more powerful dude than I thought."
Posted on 1/20/15 at 7:29 pm to sneakytiger
quote:
A well isn't a rig.
Do you think they are just going to drill real slow? Maybe get SLB to do the directional work?
The article says 40% of their shale drilling rigs.
Posted on 1/20/15 at 7:35 pm to Evolve
Damn, wonder what this will do to their stock. I have a small stake in the BBL portion of this company. Solid dividend performer in the past. This isn't good though
Posted on 1/20/15 at 7:39 pm to Yat27
Posted on 1/20/15 at 7:45 pm to 8thyearsenior
Headline says "wells"
Posted on 1/20/15 at 8:01 pm to sneakytiger
Thread title needs changing. They are not shutting down wells. They are reducing their rig count by 40%.
Posted on 1/20/15 at 8:12 pm to 8thyearsenior
This was guy wrenching when I read the (incorrect) subject. Not surprising when I realized it was rigs, not wells.
Posted on 1/20/15 at 8:14 pm to TheHiddenFlask
Frickin idiots
Posted on 1/20/15 at 9:42 pm to Evolve
BHP is reducing their rig count. NOT shutting in or down their wells. They couldn't make any money if they shut in their wells.
Posted on 1/20/15 at 9:44 pm to Evolve
quote:
More bad news
Also BHP is not laying anyone off.
Posted on 1/20/15 at 9:45 pm to lsugradman
I was like "damn, shutting in 40% of their wells is a bold decision"
Posted on 1/20/15 at 9:51 pm to Evolve
Article also said that Baker Hughes "fired" 7,000 people, not lay them off.. Who do we have writing these articles? College kids?
Posted on 1/20/15 at 10:31 pm to TheHiddenFlask
That's pretty silly of Yahoo. The general public has a tendency to confuse rig with well
Posted on 1/21/15 at 7:19 am to TheIndulger
The general public is not going to know the difference between a drilling rig and a production well even if you spell it out like I just did.
Posted on 1/21/15 at 7:41 am to b-rab2
quote:
Article also said that Baker Hughes "fired" 7,000 people, not lay them off.. Who do we have writing these articles? College kids?
The article was generated by Business Insider. That should explain the lack of knowledge by author.
Posted on 1/21/15 at 9:13 am to Blakely Bimbo
Can I request a change of title? They're reducing their rig count by 40%, not shutting in 40% of their wells. They're not drilling new wells is all this article says.
Posted on 1/21/15 at 12:15 pm to LSUGUMBO
Sorry guys. I could of sworn it said wells last night. Don't kill the messenger. I didn't write the article. Just passing on.
Posted on 1/21/15 at 1:41 pm to Evolve
Yeah the headline says they're shutting down 40% of the wells, but it's really misleading. I know that most people don't really get the difference, but the difference between shutting in a well and shutting down a rig is pretty large.
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