re: Just got hit with a 2nd round of company wide layoffs

Was it the Lafayette office this time?

ETX, NWLA, creeping into NELA will be kicking back off.

Exco shutting down south texas and bringing 10 rig package back to Haynesville.

Got a rig testing in the "Vernon Field" south of Arcadia and towards the Jonesboro Area. *This is where your exploration might come into play

Lincoln Parish is on fire with Memorial.

Vine (Encana reincarnate) bringing in a few more rigs to Red River Parish.

I would bet that we are sitting on the most active drilling area in the United States right now.

Permian has that title

Exco is essentially dead in the water without price increases and their moves are out of desperation. Memorial is heavily hedged and has good wells but if prices don't improve that will taper at some point. Without some operator bankruptcies and some production drops price will not increase significantly. I cannot fathom the massive expansion of gas production still continuing in the marcellus/Utica at prices 1.00 - 1.50 less than Henry hub. Capital has to be starved to some of these operations as there is no way they generate acceptable returns. The longer some of these "zombie" operators are kept afloat the longer away a price recovery in either oil or gas is.

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seeing a lot of the oilfield service sectors projections, most of them have it picking up at the end of 2016 in their "worst case" projections and in the middle of 2016 in their best case projections.

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I hope youre right.. I might be able to survive that. Any longer and Ill be in a spot I dont want to be.

Yea they are about to gut covington, one shell square has another round coming as well.

They aren't selling Bay Marchand.

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Not to hurt feelings, but if this is like the last in the 80s, from the high price in 2007 it will be ~20 yrs before a true oil bottom is in. We might get some bounces into the $60/bbl range on some geopolitical upheaval, but these bounces will be short lived IMO.