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re: Salary Question for OT O&G Engineers
Posted on 3/18/15 at 8:51 pm to yellowfin
Posted on 3/18/15 at 8:51 pm to yellowfin
Yep. And that means they're producing from fewer wells. The first time production from major shale plays will start declining is in April (Bakken, Eagle Ford, Niobrara). Permian is still going fairly strong, but the rig count is shrinking FAST.
Nobody, not even engineers, is immune to lower oil prices. Common sense should dictate that based on how much they've fallen over the past 8 months or so.
Nobody, not even engineers, is immune to lower oil prices. Common sense should dictate that based on how much they've fallen over the past 8 months or so.
This post was edited on 3/18/15 at 8:55 pm
1
Posted on 3/18/15 at 9:14 pm to mattz1122
How exactly is the Permian doing? When I was in it, it was a lot of expensive dry holes, but the ones that came online did very well. I just can't imagine the amount of money we spent on leases over there going to complete shite 
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