oilfield laying off

I understand. .. well just fyi.... plains division up there is the highest pay rates in the whole country. .. plus when ur done with ND u could transfer to almost anywhere

 

Plains is at the top of my wish list, I'll be heading to their yard on my next day off to have a chat.

 

ON DECK AGAIN!! WEATHERFORD Laying off!!

http://www.msn.com/en-us/money/comp...n-once-in-lifetime-industry-change/ar-AA91z1K

 

I am finding that if you work on the backend of things in the oilfields you probably have little to worry about. For me my hours haven't changed beyond equipment problems with my yard.

I talked to a crude hauler last night with dillion and he said they are busy and don't have enough drivers to keep up.

So for the rest time being I'd say crude haulers and water haulers have little to fear until contracts come due. The guys that haul frac sand or serviced the rigs? They probably are already feeling the slow down.

unloader

 

Crude haulers are still hiring, maybe even at a faster pace than last year. Once the stuff is coming out of the ground it needs to be moved. The note on that well needs to be serviced, and that oil is paying the mortgage. They aren't going to put a plug in it just because prices are down.

 

NPR this morning says 21,000 oil sector job cuts...

 

you do know that the pumper controls the flow of the well, and companies do choke the well back, and when it costs more to operate the well than they receive in income, they do shut the well in. And since horizontal wells production falls off very quickly, over the first 6 months, crude haulers will be seeing cut backs since new wells are not being drilled to replace the fall off production. Will see that line of events come to play about June of this year, in the larger fields, and are already seeing it in the edge fields.

 

Well so far out here in the Denver Basin we haven't seen much of a downturn, we actually have other Baker yards sending us their equipment. Our Frac is slow, but cement is still sending it deep

 

I'm not familiar with the Denver Basin. Is that up around Greeley?

 

Yea the DJ basin, we're doing alot of work near Kersey right now as well as north of Greeley. Actually we've picked up 4 new rigs, and we're on a trial basis with 2 more to take them from our future overlords.