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re: Oil Company Layoffs
Posted on 2/21/16 at 7:21 pm to ForeverLSU02
Posted on 2/21/16 at 7:21 pm to ForeverLSU02
I own a fabrication company and I can attest to this. Luckily, I am smart enough to know not to place all of my eggs into the oil field basket. Still hurts. Financially and personally. I had to let a few guys go.
1
Posted on 2/21/16 at 7:22 pm to TexasTiger39
Chesapeake hasn't fared well since going all-in in the Haynesville
Posted on 2/21/16 at 7:23 pm to Theoldgraycoat
People at the Houston office of Cameron are being told to get ready.
Posted on 2/21/16 at 7:36 pm to ForeverLSU02
Yeah they were struggling before the downturn, now they are spiraling.
I wonder if the OKC Thunder will stick around. They are probably supported almost entirely by oil companies.
I wonder if the OKC Thunder will stick around. They are probably supported almost entirely by oil companies.
Posted on 2/21/16 at 7:38 pm to ForeverLSU02
quote:
Chesapeake hasn't fared well since going all-in in the Haynesville
The Desoto side of the shale is dead, zero activity. The Webster side is booming, its weird.
Posted on 2/21/16 at 7:42 pm to Lakeboy7
Bossier side you mean?
Posted on 2/21/16 at 7:42 pm to Lakeboy7
Heard Webster side has oil and gas, desoto side just dry gas
Posted on 2/21/16 at 7:45 pm to Bistineaubengal
Yeah but there are active wells in Webster as well. I have a Camp on Bistineau (Plum Orchard) and there are tanker trucks all over the road.
Posted on 2/21/16 at 7:52 pm to TexasTiger39
They're not doing well at all and they're ripe for a buy out. In one of our meetings they were talking about them being bought out fwiw
Posted on 2/21/16 at 8:07 pm to Athanatos
quote:
I have heard about some post layoff suicides after oilfied layoffs. It's pretty grim.
Damn that's crazy if true
Posted on 2/21/16 at 8:11 pm to lsuguy84
Yeah BP was a buyout target when oil was still $90 but nobody wanted the liability from spill
Posted on 2/21/16 at 8:14 pm to yellowfin
It sounds like BP sold all of the assets it needed to sell to pay off spill liabilities. When the execs talk they all say there are no plans to sell anything else....right now
Posted on 2/21/16 at 8:51 pm to stout
It happens.
I've seen it happen with tech layoffs.
I've seen it happen with tech layoffs.
Posted on 2/21/16 at 8:54 pm to N2cars
Yeah these people devote their lives and energy to a career, then they get laid off and feel like a failure. Would be rough
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