Oilfield guys... y’all hangin in there?

[miket]

Looks like we may only be a year or so from a recovery......

https://oilprice.com/Energy/Energy-General/Goldman-A-Major-Oil-Price-Rally-Is-On-The-Horizon.html

[miket]

Younger brother is in the Permian and he says everything is just fine. Seeing nothing but the usual slowdown that happens this time every year.

[tex4k]

We sold off the pipeline side of our business at just the right time, this annual slump is hitting pretty hard, with a political turmoil year ahead (elections) I haven't heard much optimism for much of a ramp up for next year.

[Lutenbacher]

I rode the Pathfinder from Nigeria to Malabo back in 2007 I think. I went down there to work on the PHM.

[roughneck266]

I rode the Pathfinder from Nigeria to Malabo back in 2007 I think. I went down there to work on the PHM.

I was there for that. Ol PURE HELL MACHINE! lol I miss that rig...

[Lutenbacher]

I was there for that. Ol PURE HELL MACHINE! lol I miss that rig...

I 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!

[roughneck266]

I 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!

No sir. Dont miss Africa one bit, although EG was considerably better than Nigeria. Still dont see me vacationing in either location anytime soon. Lol

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[SaltwaterSlick]

I 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...

[bollomb]

Anyone in need of any Float Equipment? If so shoot me a PM

[JTRichardson]

Things are still slow on the manufacturing side of the oilfield over here

laid off another sales guy and a manager from up north at our Edmonton facility - end of year slump in full effect plus a down market is putting all the managers on edge and making them super cranky lol

[miket]

Anyone in need of any Float Equipment? If so shoot me a PM

If anyone needs float eqpt made ( guide shoes, float collars etc ) shoot me a pm

[miket]

I guess scrapping eqpt is a sign they dont expect a comeback any time soon?

https://www.worldoil.com/news/2019/10/30/idled-frac-fleets-sold-for-scrap-amid-shale-drilling-slump

[boh347]

Yup I seen that, also read where Apache is releasing 10-15% of their workforce.

[kyle1974]

I 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.

[miket]

Scrapping inventory happens all the time.

True. But the way its worded seems to indicate its more than the usual scrapping

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.