Looks like we may only be a year or so from a recovery......
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Originally posted by roughneck266 View PostI was there for that. Ol PURE HELL MACHINE! lol I miss that rig...
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Originally posted by Lutenbacher View PostI don't miss Africa a whole lot I worked on a number of rigs offshore in 2006 -2008 then ended up in Algeria and Tunisia in 2015- 2017 working for Weatherford's drilling division. Back in GOM now but wishing someone would build some rigs!
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Originally posted by Lutenbacher View PostI don't miss Africa a whole lot I worked on a number of rigs offshore in 2006 -2008 then ended up in Algeria and Tunisia in 2015- 2017 working for Weatherford's drilling division. Back in GOM now but wishing someone would build some rigs!
Man, I wish some rigs would show up in the GoM too, but with $50 oil, it ain't likely to happen any time soon, especially deep water...
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Originally posted by miket View PostI guess scrapping eqpt is a sign they dont expect a comeback any time soon?
https://www.worldoil.com/news/2019/1...drilling-slump
Scrapping inventory happens all the time.
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Originally posted by kyle1974 View PostScrapping inventory happens all the time.
HOUSTON (Bloomberg) - The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracing gear.
With almost half of U.S. frac firepower expected to be sitting idle within weeks, shale specialists including Patterson-UTI Energy Inc. and RPC Inc. are retiring truck-mounted pumping units and other equipment used to shatter oil-soaked shale rock. Whereas in previous market slumps, fracers parked unused equipment to await a revival in demand, this time it’s different: Gear is being stripped down for parts or sold for scrap.
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