Everything will be fine at Halliburton when oil is $100+ and rig count is 900+. Until then???
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Av3gnc Excellent synopsis...though I think Sperry will always have a presence, just not a huge profit generator...why they sunk so much capital into I-cruise on such a low margin market has a lot of ex Sperry hands scratching their heads. Again, if you convince the VP, you can get just about anything built. This kind of tells you the state of current and past VPs for Sperry during the last 10 years. Its been an after thought on who the PSL VP would be...more of a reward for people who need a place for 3-4 years before moving on or leaving totally.
Technology is notorious for delivering unfinished products that require several iterations before major bugs are worked out and the VP oks that c-ap. I could understand something once in a while, but its standard operating procedure now...lets have a gate 5 GO, but make sure we have all the NOMEMS completed so sustaining can work on them.....which overloads sustaining engineers who work on multiple unfinished projects and usually don't have resources.....
Unfortunately I think Sperry’s days in the North America market are numbered. I’ve been with Sperry for 20+ years, and feel there are two overriding factors that will eventually lead to Sperry exiting the US land market, and focusing more on the deep water and international markets.
1) Since 2015 Operators have made a concerted effort to, and been very successful at, commoditizing the service industry in North America. From their point of view it makes sense, hold prices down, plenty of competition etc. However for the larger players such as HAL, Baker and SLB, the economic model starts to break down. All of these companies are carrying significant global overhead, which adds cost burden that land work cannot support. The only way to have a sustainable business in the US market is to get your cost down, or introduce a “must have” technology. HAL has struggle to achieve either. Understandably, they have thrown the kitchen sink at iCruise in an effort to compete with AutoTrak and PowerDrive, and carve out a portion of the higher dollar differentiated RSS market. However, I suspect given the current market conditions, they have probably missed their window here in the US.
I know they say “automation is going to be the saving grace for Sperry”, but that too will become commoditized off the shelf technology, holding prices down, and continuing to keep the larger service companies underwater.
2) The second issue / mistake they have made, was with regard it their leadership. Not at the EXCOM level, but the PSL VP’s. Over the past few years, there has been a steady purge of experience personnel from Sperry’s leadership team, with an increasing focus on academically smart, but inexperienced personnel. A culture of fear is now endemic within the PSL, and if you challenge the VP’s thinking (rightly or wrongly), you’re out. This culture has been reinforced over the past few years, to the point that people will blindly follow orders regardless of the consequences to the business. In the years gone by, before the purge, global operations managers and regional managers, would challenge the VP’s instructions. Not out of disrespect, but to ensure that any decision was properly thought through, and stress tested. Unfortunately, those days are gone, and the unchallenged poor decisions are now directly impacting (and shutting) district operations.
It’s a shame, I’ve know a lot of good people in Sperry over the years, but unfortunately far too many have been let go, under the failed mantra of “cut until you’re profitable”. If you’re sailing into a storm, you want the most experienced crew possible, not a bunch of greenhorns… even if they have PhD’s.
Personally I think the future of the US land market will be dominated by smaller service companies, while the likes of HAL, Baker and SLB will be focused on the high dollar deep water and international markets, where the margins are more inline with their internal cost structure.
I guess time will tell...
Swallow the bitter pill. You are paid for that.
It is never too late to look up into the sky and leave the Still can’t manage people program behind
Sperry started going downhill the instant Halliburton took over, and replaced Sperry's management with Halliburton's own "managers", who had absolutely NO concept of directional drilling, or the capabilities of the technology that Sperry had at that time.
Still Can’t Manage People program has ruined far more than just Sperry!
Still can’t manage people program has ruined sperry with college grad spoiled brats pretending to know how to manage.
@1lfg+16Av3gnc You really haven't seen anything other than Sperry, obviously. Sperry methods, software and tools are all from the previous century. And that's why it will fail. It's too late now to try to reconstruct everything. The thing is, many Sperry people I've talked to think they are the best. SMH.
@1gxz, hey dude - how do you measure and compare professionalism? Every service company out there have issues with service quality, go check it out. But I think reliability can be improved. As for the drilling and measurements goes no one comes near sperry’s FE measurement capabilities. Go do a fact check...
- 24 yr. Ex Halliburton hand ( laid off in may 2020)
Who cares about North America land anyway? It's dead and there was never any money in it for Sperry anyway. The future is in the international markets.
No professionalism. Even with the good toys, service delivery was poor and remains poor. Do not know how leadership is unaware of this or may be they willingly closed their eyes. After all they wanted to offload it in the past.
Ex employee here - 24 yr hand. Sperry is as good as any other PSL if not better. What is your point?
They have many industry first leading technologies widely accepted by customers. I am sure they will come up with many more new toys when overall market improves.
Ugly yacht shoes for corporate metros
Brownosers and inefficiency
Sperry software is still here. A real POS group run by an biased Indian manager who is also a real POS.
skelettons
Nothing but talent-less a—clowns and dated technology
Innovation