I was laid off a little over a year ago from a small E&P, and it sucks. That being said, a year later, I have my own company and I am making a small profit. There are opportunities out there for oil and gas people, even in this market. You have to be willing to work hard, be creative and to network like a mad man, but you can it.
The last year has been very hard, but I have learned so much about the business, and when things turn around, I will be in a place to rake in the cash!!!