Anybody else in Oil related fields seeing a slowdown already?

[KenHays]

Its dropping off
I was laid off from Schlumberger right before thanksgiving
In fact our whole shop was laid off

[Radar]

Its dropping off
I was laid off from Schlumberger right before thanksgiving
In fact our whole shop was laid off

What yard was you in? I was told Schlumberger shut down the Leming yard last week.

[KenHays]

At the FT Worth, Extreme Engineering Facility

[bboswell]

It has no choice but correct somewhat. In late 17 & 18 all the drillers were re-building their fleet of tool so we were supplying new parts as well as replacement parts. For the most part those fleets are built now to even if drilling remains constant the demand for parts will drop.

However most of the motor companies we supply are still forecasting either no reduction in demand or a continued increase in demand in 2019 for the parts we make. I hope they are right...

[miket]

Its dropping off
I was laid off from Schlumberger right before thanksgiving
In fact our whole shop was laid off

Dang man, I hate to hear it! Hope you find something else quick.

[KenHays]

Dang man, I hate to hear it! Hope you find something else quick.

Thank you
I just became a subcontractor and begin a new chapter in 2019

[Jeff Thomason]

We sub contract welders all over the Permian, and we haven't seen a slow down yet... Hope it stays that way.

[txwhitetail]

For us it has really just been the typical year end slowdown. Definitely a lot of attention on oil prices and if we see it go under $40 it will really start getting some attention. Takeaway capacity will really be an issue with current pricing.

A lot of our customers are hedged at least through 19 but that doesn't mean completions and drilling wont be slowed on falling pricing especially into 2nd quarter on.

[TalonErickson7]

I know one thing is I’m glad as all get out to be out of the oilfield. That being said I pray the work stays busy and prices stay up for you all.


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