Hey Oilfield Guys!!

[JTRichardson]

We got pay cuts starting this week finally, thankfully I am in a secure position (for now) and I have some $$ stashed away to float through this. Gonna be a bit boring for my life until the industry recovers some.

Thanking the Lord above that I'm still able to work, so no real complaints out of me (yet)

[JMalin]

I honestly don't know what's held prices in the $50-$55 range for so long. Guess it gives the big players an opportunity to make more money shorting the market once enough people have bought into the oil "recovery"?

[txjustin]

Our 2nd round of lay cuts hit yesterday. Sr hands have been cut as much as 50% of their pay. Mine was cut 38%

Wow, that's pretty big. Unfortunately, I think the pay cuts may be here to stay indefinitely.

[gingib]

My BIL made over 100k year before last and had nothing to show for it when he switched jobs.

Kind of guy this thread was originally designed for. Sad

[schmalzy]

Anybody work for Nabors/CanRig Drilling Technology in the Houston Office? If you do please PM. Thanks!

[jooger17]

Anybody work for Nabors/CanRig Drilling Technology in the Houston Office? If you do please PM. Thanks!

Contact Bud Mullins aka TexasBOWhunter on here. Bud works with the PACE Support group. Pretty good ol boy too.

[schmalzy]

Contact Bud Mullins aka TexasBOWhunter on here. Bud works with the PACE Support group. Pretty good ol boy too.

Appreciate the heads up Jooger.

[JW]

[BowOnly81]

Our 2nd round of lay cuts hit yesterday. Sr hands have been cut as much as 50% of their pay. Mine was cut 38%

Dang Jooger, that sux. Like we all said tho, at least we still have our jobs. Let's pray it stays that way. Best of luck brotha.

[Smithwr]

dang 50%? I would have to wonder if that would even be worth being gone like I am. Hope everybody can hang on.

[coldgas]

He may be right. I heard on the news yesterday that we keep over buying oil and our reserves will soon be maxed out causing the price to drop some more.

[txjustin]

He may be right. I heard on the news yesterday that we keep over buying oil and our reserves will soon be maxed out causing the price to drop some more.

We are "over producing" and our oil coffers are very close to their max. It's gonna take a while to sort through this supply versus demand issue.

[Hector7]

Have family and friends in the oil and gas industry. Good luck to all you guys. Here is what the CEO of Exxon has to say about the prices of oil. http://www.ksat.com/content/pns/ksat...il-prices.html

[JMalin]

We are "over producing" and our oil coffers are very close to their max. It's gonna take a while to sort through this supply versus demand issue.

Let's turn a blind eye to our diminishing storage capabilities while inventories build by 10 million barrels a week and expect prices to rise in the wake of all of this.

[poisonedbrew]

Let's turn a blind eye to our diminishing storage capabilities while inventories build by 10 million barrels a week and expect prices to rise in the wake of all of this.

with all the cuts......just maybe you have a chance of keeping that "toxic evil" out of your back yard. I sometimes get the feeling that some just post to post.smh