Needless to say, fluids numbers are ABYSMAL. 2.5% margins in fluids? Folks, we have been in a North American drilling bo-m for almost 24 months, that’s the best you can do?
How about departing The Woodlands and uproot to The Katy Palace that was built to the tune of $40m? I know it’s asking a lot for these “so called executives” to drive out of their posh digs to the lowly confines of Katy!
Secondly, wake up and acknowledge that the folks in regional management ain’t getting the job done. In fact most of them are completely laughed at. All fluids has done is become a “low bid mud provider”. Just a smoke and mirrors show the past 7~8 years.