I am looking into investing in trucking(oil field) any advice?

Discussion in 'Ask An Owner Operator' started by JohnnyBoy0787, Oct 21, 2020.

  1. 86scotty

    86scotty Road Train Member

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    Rinse, repeat. Rinse, repeat. Rinse, repeat.

    It goes on and on, they never get it. My dad had eight brothers and two things he said to me stuck with me. Don’t do business with family. Then he said it again.
     
    Last edited: Oct 22, 2020
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  3. Old Man

    Old Man Road Train Member

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    I guess you know oil field work is dead right now
     
  4. blairandgretchen

    blairandgretchen Road Train Member

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    Don’t let that rumor ruin a good business plan :)
     
    larry2903, JolliRoger and Old Man Thank this.
  5. SavageMuffin

    SavageMuffin Medium Load Member

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    Who you do business with is your business, but right now I’d definitely hold off on starting a business related to oil.

    Be a great time to get discounted equipment if you have the cash and storage space though. Have everything ready to go when it kicks back off.
     
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  6. Brettj3876

    Brettj3876 Road Train Member

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    Yep oilfield is dead slow by me in the Marcellus region. Here in northeast pa i only see Halliburton running maybe 2 diff fracs and drilling is pretty much dead right now
     
  7. Old Man

    Old Man Road Train Member

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    Halliburton has parked a few pieces of equipment in Duncan. B28DFF52-DD2C-4A1E-BB57-1627E5481A18.jpeg
     
  8. Rugerfan

    Rugerfan Road Train Member

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    I would never go in business with a family member. Recipe for disaster. And I also don’t understand everyone’s desire to run the oil fields. It’s so hit and miss, I can’t imagine making it work full time
     
  9. AModelCat

    AModelCat Road Train Member

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    Look at all the competition that's out of the game! Perfect time to take some market share :rolleyes:
     
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  10. magoo68

    magoo68 Road Train Member

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    Pretty darn neat rows for a overhead trucking outfit picture .
     
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  11. Old Man

    Old Man Road Train Member

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    Most of those trucks cost 1 to 1.5 million .
    They don’t do any big repairs in the field, they just send another one and bring the broken one back to Duncan.
     
    Brettj3876 Thanks this.
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