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Posted on 11/17/14 at 1:09 pm to hardhead
Laugh all you want but the rig count will be up come feb. We have work with 12 different operators and all are bringing in more rigs.
Posted on 11/17/14 at 1:44 pm to Nado Jenkins83
I am doing some consulting work on the drilling side in Ohio and I know several operators have already let a few rigs go that they originally planned to replace, for now they aren't. Why do all you Utica guys think you are immune to a slow down? Everyone up here acts like this boom will never bust.
If the OP has a ME degree and some experience doing anything at BHI he can get a mwd job easily. Just apply anywhere.
If the OP has a ME degree and some experience doing anything at BHI he can get a mwd job easily. Just apply anywhere.
Posted on 11/17/14 at 1:46 pm to 8thyearsenior
Im no Utica guy at all. Im from LA and have worked all over the US in every major field. I am just saying what I know is true for our clients.
Posted on 11/17/14 at 1:51 pm to Nado Jenkins83
quote:
We have work with 12 different operators and all are bringing in more rigs.
I feel like domestic production will continue to move upwards, foreign production will drop.
This is assuming oil stays in the $75 -$90 range.
That's my educated opinion as an IT guy.
Posted on 11/17/14 at 1:52 pm to redbaron
Hostile takeover times crush recruiting. As a manager I'm saying "thank HAL".
Sorry for you buddy. It's going to be spit swapping for a year or more.
Sorry for you buddy. It's going to be spit swapping for a year or more.
Posted on 11/17/14 at 1:53 pm to 8thyearsenior
quote:
get a mwd job easily
There you go. It's simple
We are actually short handed on our MWD side but have been put on a hiring freeze anyway because of the dip in oil prices. We will just have to make due with what we have until we see how it plays out. The hiring freeze was put in place even with our outlook for next year looking great.
To the OP, I wouldn't jump ship just yet. See how it plays out. Like someone else said, major changes are still months away, it could end up being a good thing for you.
Posted on 11/17/14 at 1:54 pm to N2cars
quote:
I feel like domestic production will continue to move upwards, foreign production will drop.
This is assuming oil stays in the $75 -$90 range.
That's my educated opinion as an IT guy.
Domestic is going to take the biggest hit. HAL is taking over BHI to get that market and the price of oil is tanking at the same time. US oil plays need high prices to survive.
Posted on 11/17/14 at 1:56 pm to ForeverLSU02
quote:
I know folks who have worked for both and they all say that Weatherford treats their employees much better than Schlumberger. I think the pay is better also.
Less that than more modern equipment and more upside.
Posted on 11/17/14 at 1:57 pm to redstick13
Well the big issue for other service companies is HAL will now offer dirt cheap package pricing for all services combined.
Posted on 11/17/14 at 1:57 pm to redstick13
quote:
Domestic is going to take the biggest hit.
Because it costs more to drill than to just buy?
I thought US was soon going to be a net exporter?
Posted on 11/17/14 at 1:57 pm to Nado Jenkins83
quote:
schlumberger is a cult
Posted on 11/17/14 at 1:59 pm to Nado Jenkins83
Baker priced us out of the Marcellus back in 2010 when they went in and offered Directional/MWD for free if they paid full price for cement jobs. Wasn't long before we had to shut it down up there.
Posted on 11/17/14 at 1:59 pm to redbaron
I've been through a merger with Halliburton. Ended up leaving about 3 years after (my own decision). I would ride it out for now. Nothing will change quickly. You've got maybe 9 months before the sale is final and then maybe another year or more when all the changes will start to affect your day-to-day. It was probably 2.5 years before Halliburton really made big changes to the organization I worked for, but when they did they did it drastically.
This post was edited on 11/17/14 at 2:02 pm
Posted on 11/17/14 at 2:04 pm to malvin
You working for SLB, Weath?
Ive got offers there just not in what I want to do which is MWD/LWD.
Ive got offers there just not in what I want to do which is MWD/LWD.
Posted on 11/17/14 at 2:08 pm to GREENHEAD22
I work for a midsize independent which I refuse to name.
Posted on 11/17/14 at 2:08 pm to N2cars
BOPD is the end all. When a company can produce twice the product for a 1 rig campaign versus 10-20 land rigs it becomes all about economic cuts.
Look at the history of US O&G, especially land work. There is a reason those projects are the fist on the chopping block. They produce less oil, require 10 times as many rigs and resources and the cost of the rigs are a fraction of the offshore projects producing up to 10,000 to 15,000 BOPD more per well versus 500.
Paying to stack a land rig is pocket change for the big oil companies.
Look at the history of US O&G, especially land work. There is a reason those projects are the fist on the chopping block. They produce less oil, require 10 times as many rigs and resources and the cost of the rigs are a fraction of the offshore projects producing up to 10,000 to 15,000 BOPD more per well versus 500.
Paying to stack a land rig is pocket change for the big oil companies.
Posted on 11/17/14 at 2:11 pm to PaBon
quote:
Halli just bought BH fyi.
Thanks for the insider info
Posted on 11/17/14 at 2:18 pm to redstick13
But one more BP scenario and all offshore work is heavily criticized by the public and government.
Posted on 11/17/14 at 2:19 pm to Nado Jenkins83
quote:
But one more BP scenario and all offshore work is heavily criticized by the public and government.
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