about two months ago the company I was working for decided that is was time to cut head count...42 people...luckily my manager figured out a way to keep me on the payroll as I found out the following day after the layoffs that I was on the chopping block...needless to say I was speechless because of the amount of revenue that I produce each year and my terribly low salary for the work I did....it didn't make sense to me...it bought me enough time to find another job out of oil and gas completely. I have been at my new job for a week and am already so greatful to be out of the industry. I pray that something turns around quick for all of you guys and gals still in it.
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Weatherford offered early retirement before doing layoffs. Expected 12% of employees to volunteer, 20% did and they had to tell a bunch of them that they couldn't retire.Comment
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Above $56 today. Up almost $3.
I like the way that looksComment
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we need to get to 72.00 for significant turnaround to happen IMHO.Comment
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Im a mud engineer and so far have made it. There were 8-10 guys let go in the east TX/N. LA division and we have taken some paycut on our dayrate. As of wednesday I was transferred to OKC division and will be starting a high profile job for Devon. Spud meeting tomorrow! While it sucks to have to make the drive Im thankful I was handpicked to do it. Time to make a hand boys and lets keep praying for a turnaround and a call back for our other brothers that are at home.Comment
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That's good news and bad news. What do you think happens when they start completing the ~1k wells that are ready right now without demand justifying it?Originally posted by JackFlash View PostComment
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Thought I seen a h&p rig leave their yard earlier. I have a friend that has gotten calls about putting in a bid on some down hole tools for some rigs coming out of the yard later in the month.Comment
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Yep HP542Comment
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We had some hands off of a triple that just got stacked working on a double that was going to go out for some holes just get laid off. I guess the production company was not ready to make the investment yet. Up to around 180 hands gone so far. Only 4 turning to the right now.Comment
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Highest its been in awhile! Maybe it has hit its lowest point?Comment
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good question. I think due to the oncoming summer vacation months demand will increase and reduce supply. This happens to some degree every summer.Originally posted by txjustin View PostComment
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Price is looking better.. Sadly job outlook continues to look worseComment
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I sure as heck like that EIA report of oil only rising 1.3 million barrels instead of the expected 4 million barrels! And the. Gas inventory dropped over 2 million barrels. These trends keep happening and we'll be at $70 oil sooner that later. Keep our fingers crossed!Comment
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How's everyone doing? Yall disappeared.Comment
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