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Started By
Message
re: Reuters: Oilfield services company SLB reorganizes, expects more job cuts, source says
Posted on 7/16/25 at 7:23 am to Sun God
Posted on 7/16/25 at 7:23 am to Sun God
quote:
Contemplate going back to MWD/DD
Im MWD. 14 and 14 schedule. I don't want to be a DD. I could never keep my cool if a company man is constantly calling over dumb shite.
0
Posted on 7/16/25 at 7:25 am to ragincajun03
isn’t this is every 4-5 years for Schlumberger?
This post was edited on 7/16/25 at 7:27 am
Posted on 7/16/25 at 7:35 am to ShoeBang
quote:
SLB is a pump and dump serial downsizer but anyone who works for them should know that already and assume the risk.
Baker does this as well.
Posted on 7/16/25 at 7:43 am to MasterAbe1
We still doing OK. Rig count hasn't dropped much for us
Posted on 7/16/25 at 7:59 am to Sun God
quote:
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 love reading these threads but man yall some acronym using baws.
I wish someone would put an acronym cheat sheet together for us non baws so we can follow along.
Posted on 7/16/25 at 8:12 am to Sun God
quote:
I went from MWD to DD to geosteering with some well planning in between I hate everyone now
I went MWD to DD to mud. Also went from hating everyone to just chuckling every time some junior whiz kid drilling engineer-turned company man fricks themselves.
Posted on 7/16/25 at 8:12 am to Martini
We have to make sure our negotiated JOAs and AFEs we send out align with our BU’s CAPEX and OPEX goals so we can hit our goal DPI for a successful ROI.
Posted on 7/16/25 at 8:23 am to Martini
MWD - measurement while drilling - nerds of the rig, nothing gets done without them but you treat them like shite
DD - directional driller - make most money but also angriest, usually are coonasses for some reason
DD - directional driller - make most money but also angriest, usually are coonasses for some reason
Posted on 7/16/25 at 8:31 am to ragincajun03
frick.
Ok I’ll give it a shot.
Joint Operating Agreement
Authority for Expenditure
I guess Business Unit
Capital Expense
Opex?
Dpi no idea
Return on Investment
Ok I’ll give it a shot.
Joint Operating Agreement
Authority for Expenditure
I guess Business Unit
Capital Expense
Opex?
Dpi no idea
Return on Investment
Posted on 7/16/25 at 8:32 am to Sun God
Yeah I never would have guessed those.
Oh shite-above Operational Expenses or Expenditure
Oh shite-above Operational Expenses or Expenditure
Posted on 7/16/25 at 8:43 am to Martini
quote:
Dpi no idea
Discounted Profitability Index. Basically a way to compare the profitability off of the initial investment of your project, but factoring time value of money coming in, due to inflation/devaluation of the dollar over time.
I don’t think it’s merely an O&G industry term, but the industry is where I learned about it.
Posted on 7/16/25 at 8:46 am to ragincajun03
Now I can follow these threads and not have to rely on Billie Bob Thornton to explain to me.
Interesting stuff and thanks.
Interesting stuff and thanks.
Posted on 7/16/25 at 8:50 am to Martini
quote:
Opex?
Operating Expense….not able to capitalize these expenses
Posted on 7/16/25 at 8:50 am to Klark Kent
quote:
isn’t this is every 4-5 years for Schlumberger?
They don't ever stop. It's a constant churn, and they send everything they can overseas.
Posted on 7/16/25 at 8:50 am to ragincajun03
Companies outsourcing to India can eat a bag of rotten dicks.
Posted on 7/16/25 at 8:58 am to ragincajun03
They've had a hiring freeze on and been active in RIF like everyone else over on this side of the pond.
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