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DaBike
Katy, Tx
Member since Jan 2008
3802 posts

Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
quote:

Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day.

The move by the world’s biggest offshore-rig operator signals just how bleak the future looks for deepwater drilling. Pathfinder is the most famous of six floating rigs the company is scrapping in burials that will add up to a bruising $1.4 billion write-off. Competitors are going the same route, jettisoning more rigs in the third quarter than have ever been trashed in a 90-day stretch, according to Heikkinen Energy Advisors analyst David Smith.

That’s how bad it is, with predictions crude prices won’t go much higher than $60 a barrel in the next year compared with around $50 recently. “Deepwater is going to be playing a much-reduced role on the global oil-supply stage relative to what the industry expected as recently as three years ago,” said Thomas Curran, an analyst at FBR Capital Markets in New York.


Bloomberg


The Mick
LSU Fan
Member since Oct 2010
35795 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Dey frackin baw


FelicianaTigerfan
LSU Fan
Baton Rouge
Member since Aug 2009
23034 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
quote:

Dey frackin baw


Not around here


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21
CptRusty
New Orleans Saints Fan
Basket of Deplorables
Member since Aug 2011
8662 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
The gulf is dead/dying.

Way too expensive to produce compared to onshore assets, especially given current oil prices.


CP3
LSU Fan
Baton Rouge
Member since Sep 2009
6288 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
I just hope they leave a few floaters off Louisiana gulf coast.


Need my fishing spots


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441
Nado Jenkins83
LSU Fan
Land of the Free
Member since Nov 2012
32730 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
With some of current infrastructure in place, onshore is much easier


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31
TDcline
Navy Fan
American Gardens building 11th flor
Member since Aug 2015
5973 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
How are all the 10th grade drop outs posed to support their families now?


celltech1981
LSU Fan
Louisiana
Member since Jul 2014
4404 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
How am I supposed to pay the note on my 70k vehicle that I financed at 9% interest? This is Obama's fault.


CoachChappy
LSU Fan
Boudin Capitol of the World
Member since May 2013
17239 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Is there anyone who didn't see this coming?


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92
50_Tiger
New Orleans Pelicans Fan
Dallas TX
Member since Jan 2016
18972 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Them baws better start learning how to work a computer.


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44
tigersownall
Nicholls St. Fan
Thibodaux
Member since Sep 2011
10801 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
frick me. I need to get out of industrial supply


southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49944 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Who needs college, you can go find an erl job!


Goldwitapurplesack
LSU Fan
In dah crack
Member since Aug 2017
154 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
TDcline must have been bullied recently in his smart car :)


TDcline
Navy Fan
American Gardens building 11th flor
Member since Aug 2015
5973 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
No but I fricked your wife in a smart car while you were out on your last hitch, baw.

Tell her thanks for the sex.


FelicianaTigerfan
LSU Fan
Baton Rouge
Member since Aug 2009
23034 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
quote:

by TDcline How are all the 10th grade drop outs posed to support their families now?


Police departments all over the country are looking for applicants


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230
50_Tiger
New Orleans Pelicans Fan
Dallas TX
Member since Jan 2016
18972 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
quote:

No but I fricked your wife in a smart car while you were out on your last hitch, baw.

Tell her thanks for the sex.



GOT DAYUMMMMM


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718
Goldwitapurplesack
LSU Fan
In dah crack
Member since Aug 2017
154 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
All you guys talking shite about the oilfield and the people who work in it.... do you not realize Louisiana and every business in it lives and dies off of the oilfield industry . College ain't gonna matter jack if the oilfield is dead . The company you work for is gonna be suffering just like everyone else . So you're screwed just like the rest of us , come on down off of that high horse fellas cause we are all in the same boat lol


eScott
LSU Fan
Member since Oct 2008
7001 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Time to short USO


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10
Goldwitapurplesack
LSU Fan
In dah crack
Member since Aug 2017
154 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
Salty huh buddy ?


Giantkiller
LSU Fan
the internet.
Member since Sep 2007
6828 posts

re: Truck nutz off - Oil’s Biggest Rigs Head to the Junkyard
So how the hell do they figure I'm gonna pay for my wife's BMW, my F250 and this big arse gigantic DR Horton house in G-Town I bought for $380,000 with no money down?!

HOW AM I SUPPOSED TO AFFORD MORE SALT LIFE AND YETI STICKERS?!


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