When Trump drops the price of oil expect layoffs to start happening. Drill baby drill will not happen.
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Trump will make the cost of oil rise.
Yaq will let you go if you're not a a favorite
There is not much money in decommissioning. The companies want to get rid of the assets on the cheap as it's just an expense, not an investment. Furthermore the schedule of decommissioning might easily be pushed to squeeze some more production from the asset. Not really a cushy and lucrative business in my humble opinion.
No shortage of work but do you have the skill to dismantle rigs is another thing.
Let’s not worry about drilling. The future is Decom and no shortage of work at present.
Laid off several in Sales yesterday…
Wireline is one of those oil jobs where the skill is not easily transferable. You have experience lifting things so a job as a porter is on, experience of driving around so a job as a bus driver is a possibility. They might even become a directional driller if smart enough.
Wireline in houston let go of 25 to 30 last week... skeleton crew left
- typo.. oil field.
@rb+1jj9xkgj9 Thirty years ago life in the oil filed was different, these days OFS folks are electricians fixing broken down equipment.
Oil service don’t make oil field decisions. they just write down numbers for other people to analyze. and interpret like mwd logs. Let’s not pretend otherwise.
Who is left to lay off? Just leadership and it should have started with them.
Who is left to layoff?
Oil service companies are better at chipping rust and painting d-mb iron than oil price economics.