Oilfield Workers

[RigPig]

Who's working & where? Are these low oil prices effecting everyone?
I've only worked 10days since the end of August. This is the slowest I've ever been in my career.
How are the rest of you doing?

[RaginCajun]

It is hard on these streets!!!

I am a landman in Houston, definitely effecting us. About a year ago, we probably had about 200 independent contractors (we are all 1099, LLCs), now we probably have 50?

We still have a few clients giving us work but it is not much. Only thing I did this morning was give one of our field landmen a map. Definitely slow!

I feel that we are about to get hit with a lot of due diligence work with companies selling assets for capital, so should stay employed through this. Just sucks that I really deserve a raise but can't really ask for one in this down time.

Wish I had some extra capital right now, I would try buying into some wells or some minerals for cheap. I have a bud who is reworking some wells and is struggling with $40/oil.

What do you do, rough neck?

[RigPig]

It is hard on these streets!!!

I am a landman in Houston, definitely effecting us. About a year ago, we probably had about 200 independent contractors (we are all 1099, LLCs), now we probably have 50?

We still have a few clients giving us work but it is not much. Only thing I did this morning was give one of our field landmen a map. Definitely slow!

I feel that we are about to get hit with a lot of due diligence work with companies selling assets for capital, so should stay employed through this. Just sucks that I really deserve a raise but can't really ask for one in this down time.

Wish I had some extra capital right now, I would try buying into some wells or some minerals for cheap. I have a bud who is reworking some wells and is struggling with $40/oil.

What do you do, rough neck?

I'm a company man / wellsite sup / consultant - not sure what one you guys go by down south. Completion, Workover & Abandonment.
Things here are so slow I cant even get back on the Rigs, been looking for Rig Manager or Driller jobs but there are so many guys out of work the resume piles are deep! Sooner or later it should pick up again but its not happening anytime soon by the sounds of it.

[RaginCajun]

I'm a company man / wellsite sup / consultant - not sure what one you guys go by down south. Completion, Workover & Abandonment.
Things here are so slow I cant even get back on the Rigs, been looking for Rig Manager or Driller jobs but there are so many guys out of work the resume piles are deep! Sooner or later it should pick up again but its not happening anytime soon by the sounds of it.

yeah man there are so many qualified workers out there competing for jobs, its tough.

i have been hearing that EOG is going to be to ramping up some of their production in 2016 since it is starting to decline, and figuring other big players will follow suit.

are you located in Canada? how is the new government working with oil companies, future projects?

[212OlympiaBound]

Don't worry man. I'm trying to help you all out.

Got my V10 dodge truck
V10 dodge viper
and a mitsubishi 3000gt that burns equal amounts of oil and gas.

[RigPig]

yeah man there are so many qualified workers out there competing for jobs, its tough.

i have been hearing that EOG is going to be to ramping up some of their production in 2016 since it is starting to decline, and figuring other big players will follow suit.

are you located in Canada? how is the new government working with oil companies, future projects?

Yeah I'm in Canada, I haven't heard anything good/bad about the new Liberal agenda. Really everything will be dictated by the price/bbl of oil. If it decides to climb we will get busy. Although the price is low the rates for all services are also at an all time low. I cant understand why Big oil companies aren't taking advantage of these low costs and drilling or fracing while they can do it at 50% of what it was a year ago. Even if they don't produce the well until the $/bbl goes up. To me it would make sense to punch holes, frac them and run the completion then just sit on them and wait for Oil to climb. Then turn on the tap.
Once oil climbs, everyone starts working, the prices for these services will be climbing at the same rate.

[lovbyts]

Don't worry man. I'm trying to help you all out.

Got my V10 dodge truck
V10 dodge viper
and a mitsubishi 3000gt that burns equal amounts of oil and gas.

Why does your 3000gt burn so much gas? I get over 25 mpg hwy with mine. 400hp at the wheels on Mustang dyno.







Haha I missed the oil part. Time for new rings. Get some WiseCo pistons with the extra valve clearance. I designed them with a WiseCo engineer several years ago when I was rebuilding my engine due to timing belt breaking. Zero clearance valves suck. New design helps elevate this issue.

[RaginCajun]

Why does your 3000gt burn so much gas? I get over 25 mpg hwy with mine. 400hp at the wheels on Mustang dyno. <img src="http://forums.steroid.com/attachment.php?attachmentid=160510"/> <img src="http://forums.steroid.com/attachment.php?attachmentid=160511"/> Haha I missed the oil part. Time for new rings. Get some WiseCo pistons with the extra valve clearance. I designed them with a WiseCo engineer several years ago when I was rebuilding my engine due to timing belt breaking. Zero clearance valves suck. New design helps elevate this issue.

Badass LB!

[RaginCajun]

Yeah I'm in Canada, I haven't heard anything good/bad about the new Liberal agenda. Really everything will be dictated by the price/bbl of oil. If it decides to climb we will get busy. Although the price is low the rates for all services are also at an all time low. I cant understand why Big oil companies aren't taking advantage of these low costs and drilling or fracing while they can do it at 50% of what it was a year ago. Even if they don't produce the well until the $/bbl goes up. To me it would make sense to punch holes, frac them and run the completion then just sit on them and wait for Oil to climb. Then turn on the tap. Once oil climbs, everyone starts working, the prices for these services will be climbing at the same rate.

Yeah a lot of our clients have everything 'choked' down to hold the leases and waiting for it to rise.

They are speculating that it won't rebound until 2017, but no one actually knows.

I just wonder if the late Saudi King's wish of taking US shale plays out of commission will in turn hurt them in the long term.

I have only been in O & G for 4 years so still learning more and more everyday! I never knew how lucrative it was and how crazy the markets are!

[lovbyts]

Yeah a lot of our clients have everything 'choked' down to hold the leases and waiting for it to rise.

They are speculating that it won't rebound until 2017, but no one actually knows.

I just wonder if the late Saudi King's wish of taking US shale plays out of commission will in turn hurt them in the long term.

I have only been in O & G for 4 years so still learning more and more everyday! I never knew how lucrative it was and how crazy the markets are!

Can you elaborate on this more? I'm still pretty naive on how most of this works.

[RaginCajun]

Can you elaborate on this more? I'm still pretty naive on how most of this works.

I am too but I will try.

They (the Saudis) can produce a barrel of oil for around $10 a barrel of oil and sell it for $40, thus making a profit. For the US shale plays, some operators need oil to be around $60-75 a barrel to turn a profit. We have to go deep into the ground to find it whereas they only have to a few thousand feet. During down times like the present one, companies will invest in research on finding more economical ways to extract the oil (ex. Horizontal drilling). I'm sure Rigpig could explain the completion part.

One thing that I am still trying to understand is the way contracts and futures. I know that some states were counting on oil to be $80 a barrel for their budgets and now scrambling to make cuts and what not to keep up with the sliding price. I will look more into it and try to find some articles on it.

[RaginCajun]

Here you go LB

http://money.cnn.com/2015/11/23/inve...=money_markets

[lovbyts]

I am too but I will try.

They (the Saudis) can produce a barrel of oil for around $10 a barrel of oil and sell it for $40, thus making a profit. For the US shale plays, some operators need oil to be around $60-75 a barrel to turn a profit. We have to go deep into the ground to find it whereas they only have to a few thousand feet. During down times like the present one, companies will invest in research on finding more economical ways to extract the oil (ex. Horizontal drilling). I'm sure Rigpig could explain the completion part.

One thing that I am still trying to understand is the way contracts and futures. I know that some states were counting on oil to be $80 a barrel for their budgets and now scrambling to make cuts and what not to keep up with the sliding price. I will look more into it and try to find some articles on it.

Here you go LB

Oil crash sparks OPEC revolt against Saudis - Nov. 23, 2015

Thanks for that, I get it now. DAMN it's a mixed bag of nuts. Low prices good for us (the consumer) but hurts a lot of our big business (you, oil workers) and actually puts futures at risk. Hmm we pay higher prices and keep profits in the US or pay less for now and risk future profits paying more to Saudi Arabia and other middle Eastern countries.

We need to re think this whole thing of Importing Export so we are not so dependent and volatile to price swings or takeover.

[wmaousley]

Well you all know I work in Kuwait. Oil prices haven't affected anything here. Over $21 Billion in contracts signed this year alone. Having said that Kuwait has a 60% budget deficit which has never happened.

But wait, there is light over the horizon. KSA and Kuwait are soon to announce a major production cut to increase the oil price and we all know they aren't really going to cut production. SO if we can get the PPB up to lets say $65-$70 then you guys might be back in business. I will keep you guys posted on any developments from the ME.

[RigPig]

Well you all know I work in Kuwait. Oil prices haven't affected anything here. Over $21 Billion in contracts signed this year alone. Having said that Kuwait has a 60% budget deficit which has never happened. But wait, there is light over the horizon. KSA and Kuwait are soon to announce a major production cut to increase the oil price and we all know they aren't really going to cut production. SO if we can get the PPB up to lets say $65-$70 then you guys might be back in business. I will keep you guys posted on any developments from the ME.

I like the sounds of that!

[212OlympiaBound]

Why does your 3000gt burn so much gas? I get over 25 mpg hwy with mine. 400hp at the wheels on Mustang dyno.







Haha I missed the oil part. Time for new rings. Get some WiseCo pistons with the extra valve clearance. I designed them with a WiseCo engineer several years ago when I was rebuilding my engine due to timing belt breaking. Zero clearance valves suck. New design helps elevate this issue.

I generally get crap gas mileage. The little gear on the intake baffle is stripped, so it runs rich. I legit can't get a replacement for it.

I actually don't think it's the rings. Rebuilt it 9 years ago (first car when I was 14 years old), and I wasn't too happy with the valve stem seals. I think they're the culprit.

Edit: Also, screw the computers on these things. Been fighting that thing for years. I should probably just suck up and buy a new ECU instead of soldering on my old one.

[212OlympiaBound]

This is now a 3000gt picture thread:

[Euroholic]

This is now a 3000gt picture thread:

"Like to the street not the car"

That street looks blissful mate

[wmaousley]

This is now a 3000gt picture thread:

Who do you use for waste management? Seems they need to get you a trash bin. My HOA would never allow bags to be laid by the street.

[212OlympiaBound]

Who do you use for waste management? Seems they need to get you a trash bin. My HOA would never allow bags to be laid by the street.

bags of lawn clippings (grass). This is Montana in the spring.

[noon]

Stop hi jacking a good thread with pics of your shit car.
God dam

[212OlympiaBound]

Stop hi jacking a good thread with pics of your shit car.
God dam

oh...lets see what crazy-nice car you bought when you were 14 years old

[noon]

oh...lets see what crazy-nice car you bought when you were 14 years old

I'm happy that you were given money at a young age.
But you seem a little dooshy bragging about your very nice expensive rides when guys are on here discussing no work in a down economy.

My apologies it's probly just me.

Please post your stats and diet if you need help with any other aspect of your life.