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How dead is the Marcellus right now

Discussion in 'Oilfield Trucking Forum' started by Brettj3876, Jan 8, 2016.

Page 1 of 3
  1. Jan 8, 2016 #1
    Brettj3876

    Brettj3876 Road Train Member

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    54,039
    Nov 18, 2014
    Land of local
    0
    Seems like my dads company is one of the last holding on but they're starting to catch up to the only rig cabot has in the area. Still running out his 70 every wk. Still see some o/o hanging on by a thread probably mostly pulling out of pittston pa and sometimes across the st from Weitsman scrap in binghamton. We still have wells on our lease that haven't been frac'd yet, around a dozen holes still.

    If the arrogant Donald gets elected he better push to open ny. If nothing else all the low paying local jobs will have to step up their game
     
    Brettj3876, Jan 8, 2016
    Brettj3876, Jan 8, 2016
    #1
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  3. Jan 8, 2016 #2
    upallnite

    upallnite Light Load Member

    165
    115
    May 15, 2010
    Hempstead,TX
    0
    From what I hear and what I read, all the shale play is getting very slow. As for NY opening up, if I remember right their governor passed legislation to ban all fracing in NY. Good Luck up there. Hang there it will return! typical oilfield roller coaster.
     
    upallnite, Jan 8, 2016
    upallnite, Jan 8, 2016
    #2
  4. Jan 9, 2016 #3
    Brettj3876

    Brettj3876 Road Train Member

    11,257
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    Nov 18, 2014
    Land of local
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    I hope there's another boom In the next few years. I'm single, no kids and would by a sand can in a heart beat next big boom as long as i don't have people depending on me. If all goes south its just me, I would never put myself in a risky situation if i had a family depending on me. The o/o at my dads company during the boom were getting insane rates. Drop a nuke from the tappan zee south and that fixes the NY problem
     
    Brettj3876, Jan 9, 2016
    Brettj3876, Jan 9, 2016
    #3
  5. Jan 9, 2016 #4
    Maddhatta

    Maddhatta Bobtail Member

    15
    5
    Aug 3, 2015
    0
    New Mexico is still drilling and frac like usual. The difference with those wells they are mostly Government wells and can still operate at $28 @BBL and make a profit is what I was told by an Oxy pumper.
     
    Maddhatta, Jan 9, 2016
    Maddhatta, Jan 9, 2016
    #4
  7. Jan 10, 2016 #5
    rabbiporkchop

    rabbiporkchop Road Train Member

    9,634
    6,478
    Feb 9, 2012
    Wapwallopen, Pa
    0
    Marcellus is a joke unless you think $85.00 an hour to the truck is good
     
    rabbiporkchop, Jan 10, 2016
    rabbiporkchop, Jan 10, 2016
    #5
  8. Jan 13, 2016 #6
    Rodeorowdy

    Rodeorowdy Light Load Member

    161
    133
    Jul 3, 2013
    Anchorage, AK.
    0
    That's the rates most vac truck companies started getting down in Karnes county, Texas in February and were that way until I left the state in June.
     
    Rodeorowdy, Jan 13, 2016
    Rodeorowdy, Jan 13, 2016
    #6
  9. Jan 13, 2016 #7
    rabbiporkchop

    rabbiporkchop Road Train Member

    9,634
    6,478
    Feb 9, 2012
    Wapwallopen, Pa
    0
    $120.00 per hour minimum in Watford City ND.
    Still not worth it.
     
    rabbiporkchop, Jan 13, 2016
    rabbiporkchop, Jan 13, 2016
    #7
  10. Jan 16, 2016 #8
    flightwatch

    flightwatch Road Train Member

    1,234
    1,200
    Jun 22, 2011
    Somewhere in Texas
    0
    Hell, we were at $98/hr in Mertzon before I stopped hauling water.

    http://www.bloomberg.com/quote/CL1:COM

    The oil in that area is about the cheapest to extract out of anywhere in the U.S. But with oil closing out at $29.42/bbl as of today, it won't be long before they button down the hatches up there too. Apache has all but ceased operations around Big Lake and Mertzon and have moved over to around College Station and San Antonio to try and finish up some leases there before it get much worse. UPP said $27/bbl is their cutoff, and Pioneer is at $25.
     
    flightwatch, Jan 16, 2016
    flightwatch, Jan 16, 2016
    #8
  11. Jan 29, 2016 #9
    BRShirk

    BRShirk Light Load Member

    257
    105
    Aug 4, 2013
    0
    It's starting to come back up. I think it closed around $33/bbl yesterday.

    I was looking at jumping from fuel hauling to Sunoco Crude in OK. Does anyone know how they're doing there?
     
    BRShirk, Jan 29, 2016
    BRShirk, Jan 29, 2016
    #9
  12. Jan 29, 2016 #10
    rabbiporkchop

    rabbiporkchop Road Train Member

    9,634
    6,478
    Feb 9, 2012
    Wapwallopen, Pa
    0
    Wages in Oklahoma were pretty pathetic back in 2012 so I can only imagine how bad things are now
     
    rabbiporkchop, Jan 29, 2016
    rabbiporkchop, Jan 29, 2016
    #10
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