Recovery?

Discussion in 'Oilfield Trucking Forum' started by 4x4_Welder, Jun 5, 2016.

  1. chalupa

    chalupa Road Train Member

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    Pioneer just snatched up Devon leases along with somebody else for 1.8B .Word is we're staying in lease hold mode with Pioneer until we see a steady 50 plus a bbl for like a month. Guru's say 55-60 by years end. Wild card is Hillary....hates oil and pipelines.

    One of the recruiters I follow on LinkedIn has 3 mega pipelines for 2017 plus I've seen 4 or 5 loaded trains heading West through Big Lake loaded with FBE. 500 cars of pipe is a lot of pipe!

    My best guess is Trump and 2017 for the return assuming the middle east behaves.

    JMO
     
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  3. 4x4_Welder

    4x4_Welder Medium Load Member

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    I dunno, an oil hater always drives up prices. More regulation, more uncertainty, the speculators bid more and more driving the price up. So companies go nuts producing to take advantage, and drilling needs to ramp up to at least replace tapped out wells.
     
  4. Lepton1

    Lepton1 Road Train Member

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    Yukon, OK
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    Oil is oil. Politics is water. They rarely mix.

    I don't waste time worrying who is in the White House or the Do Nothing Congress. The fundamentals of the oil business aren't going to be easily stopped. The market will drive the price for the foreseeable future. As long as I'm having fun and making money in the oil patch I'll feed off the dying carcass of the oil industry.

    Meanwhile we seem to be getting more wind farm loads, mostly crane moves and some rebar. Flatbed IMHO has more options for alternative freight. Right now, after doing an OK to PA fracking equipment run I'm hauling air conditioning units back to OK (at a decent rate).

    Out of OKC we are pretty busy right now. The terminal owner wants to hire a few more trucks so we don't have to turn down loads.
     
  5. flightwatch

    flightwatch Road Train Member

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    I know that Pioneer has 5 crews going right now with at least 2 drilling rigs on each location I've been on.
     
  6. Lepton1

    Lepton1 Road Train Member

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    Yukon, OK
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    On the downside I read an article this last weekend, talking about all the abandoned well heads in Texas, Louisiana, etc. With companies going out of business many of those well heads are leaking. Something like 10,000 in Texas alone need to be capped. The state agencies don't have the budget to take care of them. The cost is about $17K per well head. Louisiana tried to implement a $7 per drilled foot charge to the oil companies, but that has been delayed.

    The thing that stood out to me in the article is the prediction that 1/3 of medium sized companies are expected to fold this year. Pretty grim, unless you are with a fleet that serves the majors or are hauling crude or something post drilling.
     
    Malleus2 Thanks this.
  7. Malleus2

    Malleus2 Light Load Member

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    Interesting.. ive been hauling crude for about 4 yrs and even thats pretty bad right now. ve been thinking of jumping to lpg for awhile now but still a lil hesitant
     
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