Ads for Oil Field Jobs

Discussion in 'Oilfield Trucking Forum' started by 315wheelbase, Nov 13, 2014.

  1. 315wheelbase

    315wheelbase Heavy Load Member

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    Have been watching the ads for driving jobs in the oil fields for a couple months,,in the last 10 days since oil prices have dropped the number of ads for drivers has gone way down,,with lower oil prices maybe the demand for drivers has slowed ,
     
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  3. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    Count on it. Several companies have announced scaling back on drilling. Better do your research well if you are planning on heading there right now.
     
  4. Driver5

    Driver5 Light Load Member

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    Lol too funny. Anyone actually out here in the oilfields knows we're working as hard as ever and the money is still flowing for anyone who wants it.

    BTW those companies that scaled back drilling are a tiny minority, and they're pulling back because they bought into leases/contracts at the wrong time and have high operating costs. That's their loss, not anyone else's. For every lease they sell, another company is BUYING it and continuing operations.

    The sky ain't falling yet people. Not even close.
     
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  5. TLeaHeart

    TLeaHeart Road Train Member

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    no the sky is not falling, but the boom is over... we are now at the consolidation/plateau stage... companies will go bankrupt, others will prosper, wages will fall. The large companies that finance the exploration and drilling are pulling out of areas that are not profitable for them, selling the leases at a loss, and when nobody buys the lease, it is forfeited back to the land owner.

    Wells that don't produce a profit at the current price are shut in.

    Companies that have scaled back on future drilling include, shell, Phillips/conoco, anardako, EOG, and Hess, all announced in the last month.

    Yes there is work in the oil fields today. Subject to drastic change depending on what governments decide to do. IF Russia/china can drive down the price to $50 per barrel, with OPECs help, the oil fields in the USA will collapse again.
     
  6. cplmac2

    cplmac2 Heavy Load Member

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    10 years ago the average barrel price was about $30, if it was profitable enough to drill for it then it's probably not to far from that now. For almost a month in 2008 it was at $36/bbl
     
  7. TLeaHeart

    TLeaHeart Road Train Member

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    casper, wy
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    well even the drilling rig stats show a drop off...

    Today 1925 rigs drilling
    Jan 2012, 2008 rigs drilling

    June 2009 876 rigs drilling when oil was below $50.
    We drop
    below $50 again, drilling will stop again.
     
  8. 315wheelbase

    315wheelbase Heavy Load Member

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    it not over for sure but with the drop some companies are slowing down their hiring,,many trucking companies are hell bent to get in to frac sand hauling, water and crude,,back in 2002 when the Iraq and afgan war was beginning to brew many jumped into RGNs ,,things eventually slowed and then and now there is an excess of RGNs and the rates fell to flat bed rates,, the oil industry needs high oil prices to pay for fracking and drilling,,,the money from investors will slow if they can't make big bucks,
    $80/a barrel is still profitable below $70 and things will slow until prices go back up,,
    It's the old story,,,,keep you hook in the water while they are biting,,when they stop biting find something else.
    There will be jobs in the oil fields but the rapid growth will slow with low prices,,
     
  9. Skate-Board

    Skate-Board Road Train Member

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    I was hauling drilling pipe up to Williston non stop. It just stopped dead in it's tracks. The broker said it was going to go on but 2 weeks ago no more pipe going up. I've been told if oil goes below $70 it's the end up there and it's getting close.
     
  10. Passin Thru

    Passin Thru Road Train Member

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    Been telling people not to go to oil field for a year. Bust is coming like 1980s and when it does you better have a good job elsewhere. Railroad maybe?
     
  11. RocketmAAn

    RocketmAAn Bobtail Member

    re: different poster: RGN. is that Regulated Natural Gas??

    ==============================

    OK made note to self, caution advised. Also "sky is not falling, but the boom is over" so chicken little can probably still make some scratch.

    Good chance you're right, but I'm going to qubble with the rig count interpretation.

    This was for now vs. year ago, not counts for peak/lowest oil price numbers.
    Nov 14 vs. Nov 15 year ago US portion of North American rig counts from Baker-Hughes report used by industry.

    Oil price was shown as $76.50/bbl now vs. $93.95/bbl year ago.
    Pay attention to the rig counts for Gas vs. Oil, both of which make up the total.

    US Rig count US
    Type // Nov 14, 2014 // Nov 15, 2013
    Total // 1,928 // 1,762
    Oil // 1,578 // 1,385
    Gas // 350 // 370

    (Gas was shown $4.13 // $3.61)

    So for these numbers:

    Oil price is Down, rig count UP
    Gas price UP, rig count is DOWN

    More to scramble your brain? For Canada: Oil rigs Equal, gas rigs UP. Go figure. (402/401 // 186/167 (2014/2013))

    I'm NOT going to conclude anything from above. I'm ONLY trying to point out that it's tough to make any conclusion. Depends on leading, lagging, economy, politics, China, price of steel, Farmers Almanac, specials at Stripes, etc. etc. etc. (Yul Bryner). I can't a little more sure until I see a bigger picture over 20 years and if investing, read some interpretations from sources I trust.

    Trivia: (unfortunately without inflation/regulation adjusted oil prices to match:
    Highest / Lowest recorded active U.S. rig count since 1940:

    4,530 Dec 28, 1981 // 488 Apr 23, 1999

    useless, but fun.

    So my only sage advice is invest in Western US water futures, which will cost more than oil eventually.
     
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