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Started By
Message
re: More layoffs, bankruptcies hit La. oil industry
Posted on 6/26/20 at 4:32 pm to tigergirl10
Posted on 6/26/20 at 4:32 pm to tigergirl10
Last big market crash before this recent one RR had some of the highest rates of power being turned off for delinquencies in the area. A ton of people in there are check to check.
Redstick, I know you have had a rough go recently. Keep your head up bud.
Are you back in LA?
Redstick, I know you have had a rough go recently. Keep your head up bud.
Are you back in LA?
This post was edited on 6/26/20 at 4:34 pm
1
Posted on 6/26/20 at 4:46 pm to GREENHEAD22
quote:
Last big market crash before this recent one RR had some of the highest rates of power being turned off for delinquencies in the area.
I heard that too but nobody could tell me where the information came from. In other words it was a rumor.
Posted on 6/26/20 at 5:08 pm to volod
Ha, what’s the world coming to when companies with the strength of management of Chester J Marine go BK!?!?
Posted on 6/26/20 at 5:30 pm to redstick13
"During the natural gas boom Encana started a drilling campaign in Washington state. The worst rigs I've ever seen that stayed broken down and some of the toughest rock as well"
you were one of the few!!!! can make a case for the play.... but can not really image it easily with seismic... and cost for drilling volcanics...was on my wish list but never could figure out how to explore it... yall targeted the thinnest area of volcanics to look underneath... gets a lot thicker elsewhere...
and tms probably dead... certainly desytoyed a few good companies....:(. probably getting interest ftom a few promoters out of miss...
you were one of the few!!!! can make a case for the play.... but can not really image it easily with seismic... and cost for drilling volcanics...was on my wish list but never could figure out how to explore it... yall targeted the thinnest area of volcanics to look underneath... gets a lot thicker elsewhere...
and tms probably dead... certainly desytoyed a few good companies....:(. probably getting interest ftom a few promoters out of miss...
Posted on 6/26/20 at 5:56 pm to yellowfin
I can recall the fellas last name but I heard it directly from someone who was with Slemco at the time.
I knew a couple people who lived in there that no way could afford it, hairdressers.
I knew a couple people who lived in there that no way could afford it, hairdressers.
Posted on 6/26/20 at 6:44 pm to Thecoz
quote:
and tms probably dead... certainly desytoyed a few good companies....:(. probably getting interest ftom a few promoters out of miss...
Not sure which company qualifies as good. Certainly not goodrich. Devon is a black hole also. Encana I suppose should be selling drugs after their name change to ovintiv. Talk about a fall from grace for them from Canadian powerhouse to waiting to file for bankruptcy.
Posted on 6/26/20 at 6:52 pm to GREENHEAD22
quote:
I can recall the fellas last name but I heard it directly from someone who was with Slemco at the time.
Slemco doesn’t provide utilities for RR. It was a unsubstantiated rumor
Posted on 6/26/20 at 6:59 pm to yellowfin
That's LUS as well? He was/is in the energy business so I gave him credence.
Posted on 6/26/20 at 7:01 pm to TigerDog83
Other than Encana, Goodrich and Halcon Did the beat there.
And got completely crushed when the price of crude dropped in 2015
And got completely crushed when the price of crude dropped in 2015
This post was edited on 6/26/20 at 7:02 pm
Posted on 6/26/20 at 7:16 pm to udtiger
quote:
thanks JBE
Oh...wait...
Thanks you stupid fricking Republicans
Dude, the oil companies were run out of here by Edwin Edwards. The Republicans weren’t even a factor back then. It took them 25 years, with Katrina putting the finishing touches, but they were all gone by 2006.
Posted on 6/26/20 at 7:28 pm to GREENHEAD22
My sauce back in early 2000 was a realtor I had insured, weird guy but he was in the loop. Lot of pretend millionaires in RR and more pretentious than the avg Lafayette crowd.
Was told many couldn’t afford furniture after the purchase price and taxes. Will never miss that part of laffy.
Was told many couldn’t afford furniture after the purchase price and taxes. Will never miss that part of laffy.
Posted on 6/26/20 at 7:53 pm to KemoSabe65
It's a microcosm of Dallas but with no where near the money.
Dont miss that at all either. And now that the hipsters have taken over and killed the strip and downtown. RIP Laff O&G industry and party life.
Dont miss that at all either. And now that the hipsters have taken over and killed the strip and downtown. RIP Laff O&G industry and party life.
Posted on 6/26/20 at 8:12 pm to GREENHEAD22
quote:
RIP Laff O&G industry and party life.
Posted on 6/26/20 at 8:13 pm to yellowfin
quote:
I heard that too but nobody could tell me where the information came from. In other words it was a rumor.
I agree. I saw no real signs of this. Only rumors here
Posted on 6/26/20 at 8:16 pm to KemoSabe65
quote:
My sauce back in early 2000 was a realtor I had insured, weird guy but he was in the loop. Lot of pretend millionaires in RR and more pretentious than the avg Lafayette crowd.
Was told many couldn’t afford furniture after the purchase price and taxes. Will never miss that part of laffy.
Outside of the multi million dollar houses on the river, there were/ are a lot of posers there. Paying a huge premium for a tiny house with no yard.
To answer Paul Allen’s question, it’s still more expensive than other areas of lafayette, but some of the price premium has gone down
Posted on 7/9/20 at 8:33 am to GREENHEAD22
quote:
I can recall the fellas last name but I heard it directly from someone who was with Slemco at the time.
Urban Myth. River Ranch(like all of Lafayette) gets power and water from LUS, Lafayette Utility System. I have only seen one or two foreclosures in RR in the last 10 years. Many of houses are second homes for people that have family in the area.
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