For all the people say the oilfield is dying....

Discussion in 'Oilfield Trucking Forum' started by bonder45, Feb 6, 2021.

  1. Brettj3876

    Brettj3876 Road Train Member

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    It's picking up again here in northeast pa too it looks like
     
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  3. RockinChair

    RockinChair Road Train Member

    WTI is at $62.40 right now.

    I find it hard to believe the oilfield would be dying when the barrel price is high enough for most producers to be profitable.
     
  4. God prefers Diesels

    God prefers Diesels Road Train Member

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    Holy smokes. Last time I payed attention was that month where the price fell into the negative. $62 bucks a bbl is enough for even the bottom dwellers to make money. Are we still in a glut? I really haven't kept my ear to the ground much.
     
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  5. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    A lot of investors are a little gun shy about putting there money into the oil fields. Things will not ramp up as fast as most would like.
     
  6. idriveaholden

    idriveaholden Light Load Member

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    yeah and its going to go a lot higher. probably 100$ a barrel by Q4
    get ready for much higher prices at the pump
    the problem is we aren't going to produce oil here. we're going to have to import it.
    last time oil was 100$ we produced most of our supply. not anymore
    the economic policies are going to be catastrophic for anyone in oil. bidens first day he ended the keystone pipeline. it's only going to get worse they have their 0% carbon by 2030 agenda ready to go in full motion
     
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  7. Bret1984

    Bret1984 Bobtail Member

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    That's precisely what concerns me most! Then again the oilfields were booming under Obama (not that he had anything to do with it) so maybe just maybe there's a shred of hope but I don't know. For some reason our environmentalist folks would rather make the Arabs rich than let us American working folks catch a break.
     
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  8. Brettj3876

    Brettj3876 Road Train Member

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    Last night I talked to a water truck driver on my road that was going up to empty out one of the tanks. He said its looking like a start of another boom. I'd love to see another boom. God knows our local economy desperately needs a kick in the nads. I see Cudd is in the area again.
     
  9. God prefers Diesels

    God prefers Diesels Road Train Member

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    That's great news. The money is tempting. But you know how you sometimes look back on things with rose colored glasses? I always do for some reason. But oddly not the oilfield. Every time I reminisce, I only remember everything I ####ing hated about it. Roustabout for three years. Ran a wireline truck for ten, and was operations manager for two. Stick a fork in me, cause I'm done.

    For the guys still in the patch...I hope for the best.
     
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  10. Brettj3876

    Brettj3876 Road Train Member

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    Yeah that and food service. And i only did food service for a little over a year but that was still better than going OTR. At 21, I felt like a baller making 1100-1200 a week:cool: when most of my friends had bs jobs or were piling on the debt at school.

    I hated being on call doing cement. it was 3rd party work driving schlumberger trucks just pre loading jobs for the cement crew/ + moving silos around. We moved frac equipment too. My dad was with Superior Well Services and then Nabors when they bought out Superior for 5 years. He had a tit job tho, supervising the bulk equipment. They tried getting him on the cement pump but he wanted nothing to do with that.

    We talked about it already. The only way we'd go back is hauling sand if the rates came back up to STUPID money. Keep the 2 trucks we have now pulling vans and buy a 3rd truck, a day cab and hire 2 full time drivers for night/day. And a 3rd part time guy for when they're on days off. Nothing fancy, an old R model Mack that's almost impossible to kill Lol
     
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  11. rcelmo

    rcelmo Medium Load Member

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    Same here. But look at those ads a little closer. Here in our area there are
    all kinds of start-up companies coming out of the wood work. Seems everybody
    and his neighbor think they are going to lease a truck, hire a driver, and sit back
    and watch the money pour in.


    Some go so far as giving the driver the brokers number and the "company" driver
    is going to do all the work. No shop, no established customer base, no experience
    at all.............I guess they figure they can always blame the driver if anything goes
    wrong.


    DOT numbers crossed the one million mark not that many years ago.....now it is
    getting close to the 4 million mark. Small "hole-in-the-wall" outfits everywhere.



    Out of a hundred ads there are likely only one or two with a decent, well-established
    company. Rest are garbage.
     
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