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2
Posted on 8/26/19 at 10:27 am to TH03
then why would he be getting laid off?
Posted on 8/26/19 at 10:30 am to TH03
quote:
Hard to find people to willingly go out to that dump.
Oil patch jobs pay bigly. Money is a motivator.
Posted on 8/26/19 at 10:41 am to aTmTexas Dillo
Chalk play is on life support in LA. It may prove to work in a few small areas but Conoco has pretty much bailed and EOG hasn't made anything economic yet either. Good luck with Petroquest fresh out of bankruptcy ever doing much. I'd actually figure Marathon has the best chance due the area they're in, but the jury is still out there too.
Posted on 8/26/19 at 10:52 am to Gray12
quote:
Lack of pipeline infrastructure and positive cash flow for smaller operators is slowing down West Texas.
Wont be long till the lines catch up with production. Bunch of big lines running from the Permian to the coast in the planning phase right now. Most the crews weve worked with are getting close to 5 miles/day welded coated and buried.
Land owners are getting worse and worse though. Routes are getting harder to find for any reasonable price.
Posted on 8/26/19 at 10:54 am to cubsfan5150
quote:
then why would he be getting laid off?
Nature of the beast. Gotta have worms for the hawks to eat.
Posted on 8/26/19 at 10:55 am to aTmTexas Dillo
quote:
Well if you own a bunch of land and also own the minerals then $1000 per acre is a pretty good influx of cash. So I'd argue landowners will make money while the oil companies spend a bunch of cash at risk of busting their pick (oilfield lingo) if they find 90% water cuts. Owning lots of land and the minerals is a good thing. You just sit and wait. And if the oil company hits it doubles your pleasure and doubles your fun.
That's not how it works unfortunately.
Posted on 8/26/19 at 10:56 am to PipelineBaw
quote:
Wont be long till the lines catch up with production. Bunch of big lines running from the Permian to the coast in the planning phase right now. Most the crews weve worked with are getting close to 5 miles/day welded coated and buried.
Second part of what he mentioned is the most important. The lack of access to capital for a lot of the indebted shale drillers appears to be coming home to roost. The majors will be some of the only ones with scale to play as everybody else looks to merge to create scale or will probably be facing tough times at these prices. The pipelines in the permian will be like every other unconventional play in that they end up being overbuilt.
Posted on 8/26/19 at 10:57 am to Gray12
The legislature can't wait to tax it for DOTD to continue falling behind in projects.
Posted on 8/26/19 at 10:59 am to Gray12
quote:
Producing from a Chalk formation is now possibly due to technological advances in hydrolic fracturing
.
Owns a sinkhole.
Don’t care, got rich.
Posted on 8/26/19 at 11:00 am to Gray12
quote:
Your thoughts?
All those people in N LA who were sitting on oil and "got rich", how are they now? How is that local area doing?
Still sucks, right?
Posted on 8/26/19 at 11:00 am to TigerDog83
quote:
The pipelines in the permian will be like every other unconventional play in that they end up being overbuilt.
Another problem there too. Bit of a Mexican standoff with midstream companies right now too. Nobody wants to build big lines if they're going to be underutilized as all these projects come to fruition. Had one of the big letter companies cancel a 700+ mile project with that being a leading factor.
Posted on 8/26/19 at 11:19 am to Gray12
Waiting on results of COP’s Erwin and EOG’s ironwood wells. Ironwood was drilled in sixteen days which should help keep costs down. Flow back should be near a month on both.
The hope is being able to produce the Wilcox Austin and TMS in a stacked play. Dropping prices aren’t helping. I’ve been keeping up on the Austin stack blog.
The hope is being able to produce the Wilcox Austin and TMS in a stacked play. Dropping prices aren’t helping. I’ve been keeping up on the Austin stack blog.
Posted on 8/26/19 at 11:37 am to Wtodd
quote:
Somebody will get rich but not the people owing the land
Posted on 8/26/19 at 11:57 am to Gray12
quote:
Lack of pipeline infrastructure and positive cash flow for smaller operators is slowing down West Texas.
I love to hear that. I work offshore and we're hiring anyone with a pulse
Posted on 8/26/19 at 12:00 pm to Captain Crackysack
Y’all looking for any Petroleum Engineers?
What type of jobs are there offshore where people without a pulse are being hired. Would love to get more info about this.
What type of jobs are there offshore where people without a pulse are being hired. Would love to get more info about this.
This post was edited on 8/26/19 at 12:01 pm
Posted on 8/26/19 at 12:06 pm to Gray12
Nah. We dont need petroleum engineers to run boats, just marine engineers.
wut
quote:
What type of jobs are there offshore where people without a pulse are being hired.
wut
Posted on 8/26/19 at 12:09 pm to Captain Crackysack
Cool. Offshore looks like it’s picking up.
And also ^^^, that’s why I don’t advise anyone reading this forum in the future to be Petroleum Engineers. Limited job opportunities these days and school doesn’t teach you about data science and other stuff that’s more important.
And also ^^^, that’s why I don’t advise anyone reading this forum in the future to be Petroleum Engineers. Limited job opportunities these days and school doesn’t teach you about data science and other stuff that’s more important.
This post was edited on 8/26/19 at 12:10 pm
Posted on 8/26/19 at 12:13 pm to Butta
I can but I wont. Sorry baw. Client confidentiality
Posted on 8/26/19 at 12:18 pm to Nado Jenkins83
Butta, just look at the Drilling Info website. It’s not hard to find that information.
This post was edited on 8/26/19 at 12:19 pm
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