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re: Reuters: Oilfield services company SLB reorganizes, expects more job cuts, source says

Posted on 2/12/25 at 1:46 pm to
Posted by Potchafa
Avoyelles
Member since Jul 2016
3825 posts
Posted on 2/12/25 at 1:46 pm to
On my drillship currently. Haven't heard of any of this. Big Red pays my bills too!
Posted by ragincajun03
Member since Nov 2007
25066 posts
Posted on 2/12/25 at 1:48 pm to
quote:

Just another good reason why you should never let the geologists drive.


Exactly.

Let the landman pick the drilling and tank battery locations.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144984 posts
Posted on 2/12/25 at 1:55 pm to
quote:

downhole services SLB provided that the engineers swore nobody else could do.


Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
62956 posts
Posted on 2/12/25 at 2:37 pm to
fricking roller coaster laterals searching for pay zone.


Just a bunch of rock lickers
Posted by Sun God
Member since Jul 2009
46881 posts
Posted on 2/12/25 at 2:38 pm to
I went from MWD to DD to geosteering with some well planning in between

I hate everyone now
This post was edited on 2/12/25 at 2:38 pm
Posted by DeathValley85
Member since May 2011
18090 posts
Posted on 2/12/25 at 2:38 pm to
Damn, Schlumberger had to downsize their name too?
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
62956 posts
Posted on 2/12/25 at 2:39 pm to
How you been baw?

I'm chilling in my planning position. We got 60 rigs. We dont want anymore in my department
Posted by Sun God
Member since Jul 2009
46881 posts
Posted on 2/12/25 at 2:42 pm to
All good. WFH geosteering now.

Contemplate going back to MWD/DD occasionally but have a young un and we’re doing pretty good financially.

I do miss that field pay though
Posted by ChestRockwell
In the heart of horse country
Member since Jul 2021
6056 posts
Posted on 2/12/25 at 2:42 pm to
SLB lays off all the time. They do have lots of dead weight jobs at the corporate level. Sadly, the baws/bawettes in the field get cut first. I know from experience, but was glad to get out of Midland. Would want my worse enemy to ever live there.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
62956 posts
Posted on 2/12/25 at 2:43 pm to
They are throwing us a 15-30% bonus each month based on company profits. We hit the 30% 11 out of 12 months last year. Makes a big difference. Especially for the people with kids. It's too hard to find a planner. 99% of those that apply think it's that other kind of planner
Posted by Sun God
Member since Jul 2009
46881 posts
Posted on 2/12/25 at 2:44 pm to
If I had a dime for every time SLB asked me to move to Midland I could’ve retired instead of just quitting
Posted by Privateer 2007
Member since Jan 2020
7291 posts
Posted on 2/12/25 at 2:45 pm to
Schlumberger lays off every 2-3 years.
It's no secret.
Upstream is volatile as frick.
Slb is the worst though.
Posted by Sun God
Member since Jul 2009
46881 posts
Posted on 2/12/25 at 2:46 pm to
Yeah that sounds like a damn good deal.

I just hated being in charge of all that shite. Also I didn’t want to move because I’m trying to MBRGA
Posted by Lakeboy7
New Orleans
Member since Jul 2011
25722 posts
Posted on 2/12/25 at 2:52 pm to
quote:

move to Midland




Go to work tomorrow!

Look its not like the old days with dudes sleeping in their trucks. They have a Petssmart AND an Outback now!

I was out there a couple of years ago and the hand going out for a beer uni was hat (not a company hat!) with shades on the brim, t shirt, skinny blue jeans and running shoes.
Posted by Sun God
Member since Jul 2009
46881 posts
Posted on 2/12/25 at 2:55 pm to
I was there when they opened Little Woodrow’s and you would’ve thought they built a Disneyworld there
Posted by Lakeboy7
New Orleans
Member since Jul 2011
25722 posts
Posted on 2/12/25 at 2:57 pm to
quote:

I was there when they opened Little Woodrow’s and you would’ve thought they built a Disneyworld there




I heard the Jagermeister machine got hot, started smokin and caught on fire!!
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
62956 posts
Posted on 2/12/25 at 3:27 pm to
I've a got a boss. And a good one for once. We got 8 people. Half aren't that experienced. So on call once every 8 weekends and you got all the rigs. But better than when I was planning before when I had 15-18 rigs 24/7 for 2 years
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
62956 posts
Posted on 2/12/25 at 3:28 pm to
I got told to move to midland by a coordinator that wasn't over me. I asked why he didn't live there. He shut up quick
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8423 posts
Posted on 2/12/25 at 3:29 pm to
RIP ChampionX folks
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34115 posts
Posted on 2/12/25 at 3:37 pm to
Have some of their stock. Bought at $14.86. Currently at $41.45 but off a decent amount from 52 wk high.
This post was edited on 2/12/25 at 3:38 pm
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