Post: #51

So I've been rolling through 5+ plays. Over and over. No troll, unlike the guy above me. Ask a question and I'll try and answer. Things are tight, and the 'play' names are getting consolidated, as are jobs and money. Free of charge.

Post: #52

There is still work to be done, the oil needs to be transported and stored, infrastructure, maintenance, etc. It wont be the hours or money like the upstream work was, but it will be enough to save and live a good life, and maybe learn some new skills.
https://jobs.mdu.com/PositionDetail.aspx?ID=10850

http://jobs.bnsf.com/job/Williston-Track...=IndeedPPC

http://www.aplitrak.com/?adid=YmJnZW5lcm...cmFrLmNvbQ

https://myrgroup.acquiretm.com/job_detai...eSupport=1

Post: #53

Interesting. I thought most of these jobs you could only get through networking in town or on-site. Although that's probably still your best bet.

Post: #54

(03-02-2015 09:49 PM)Aliblahba Wrote:  So I've been rolling through 5+ plays. Over and over. No troll, unlike the guy above me. Ask a question and I'll try and answer. Things are tight, and the 'play' names are getting consolidated, as are jobs and money. Free of charge.

What are some good certs to get? I asked you before but you didn't answer.

Post: #55

Latest rig count 988 oil & gas rigs in US.

Last year there were 1,831. Ouch.

I wonder if many of the office exploration jobs (engineers, geologists) are getting cut too.

Texas lost 29 just this past week. I wonder if real estate / apartments in Midland will finally drop in price. Each rig lost is about 50 jobs or so

Post: #56

Might have to put my plans to move down there on hold. I must be the only one near Toronto praying gas shoots back up.

Scotians thread was probably too effective and now Alberta's loaded with eager guys looking for work :c

Post: #57

Good news guys. Oil just broke above an important resistance level today on the crude oil inventory numbers that came out today.

As you can see in the chart it had hit the $54 mark 4 times before moving back down. It has now finally popped up to $56 on a strong move. This is a great sign that the down trend might be over and It can start working its way back up.

Only time will tell.

Post: #58

Oil companies have made their budgets and won't commence drilling again until next year. Even if lite crude spikes to $100 tomorrow, it'd have to stay there steady for months for them to break ranks. This is the unfortunate truth of the matter.

Post: #59

Word from the family is the Houston office was hit hard by field guys trying to get on rotation overseas to avoid down time. Pay was cut as well.

Canadians were only allowed to get an overseas rotation after the Americans as Houston controls all of this.

Summer is looking like a holiday for the old timers, and a hard time for all those living paycheck to paycheck. The old boys though are letting the young family guys stay on if possible.

The seven year cycle hit harder this time as the run up was even more profitable for most. Therefore the downside is even more painful.

Family members are back in Australia and sitting in China right now for work.

The smaller companies have proven themselves through this, as the big oil has been slashing pay back to 1980s wages.

Post: #60

As some hedge fund guys were saying on CNBC the other day, the best cure for low oil prices is....low oil prices.

Summer driving season approaching and at some point there will be increased buyers I think but who knows. If China breaks out of it's slump that would obviously increase demand (Chinese stock market is en fuego now).

I think the worst-case scenario is maybe a short-term dip in the next month or so below $50 then back up to high $50s and above towards the end of the summer and the $60-70 range on into the 4th quarter. That's kinda what all the research reports are saying at least.

You'll also have some short-term spikes due to geopolitical stuff for sure (like that damn Yemen thing that screwed me!).

Also, don't forget that these shale guys are getting better and better all the time and their production costs are slowly going down so that will eventually allow them to ramp up production at some point (and hire more people). From what I've read in some places it's dramatic after a few years as they perfect the technology and get to know the seismic data better.

But then again what the hell do I know.

Post: #61

An oil worker in South Carolina had gun pulled on him by an environmentalist while doing his job in the field, he was shot in the hand during the confrontation, stay safe down there guys.

Post: #62

Permian Basin down to 232 rigs, last year it had 544

http://www.energyeconomist.com/a6257783p...rview.html

I hope all the real estate developers and apartment owners are getting ass fucked with severe losses.
They got away with charging over $1000/mnth for shit apartments and application fees, etc...

I hope real estate tanks and they suffer heavy losses with their empty apartment complexes

Post: #63

(05-15-2015 02:33 PM)Disco_Volante Wrote:  Permian Basin down to 232 rigs, last year it had 544

http://www.energyeconomist.com/a6257783p...rview.html

I hope all the real estate developers and apartment owners are getting ass fucked with severe losses.
They got away with charging over $1000/mnth for shit apartments and application fees, etc...

I hope real estate tanks and they suffer heavy losses with their empty apartment complexes

The NM rig count dropped from 100 in Jan to 44 today. Unfortunately all of the hotels and apartments/housing are still over priced. Hampton Inn dropped from $350/nt last summer to around $300/nt, the mom and pops are still charging $80-100/nt. Shitty houses are still renting for $1000/mo and apartments about the same. Even though drilling activity has been cut in half this place is holding steady.

Post: #64

(05-15-2015 02:33 PM)Disco_Volante Wrote:  Permian Basin down to 232 rigs, last year it had 544

http://www.energyeconomist.com/a6257783p...rview.html

I hope all the real estate developers and apartment owners are getting ass fucked with severe losses.
They got away with charging over $1000/mnth for shit apartments and application fees, etc...

I hope real estate tanks and they suffer heavy losses with their empty apartment complexes

So you hope other people suffer loses because you suffered one? You sound miserable.

Why don't you start renting out rooms?

Post: #65

--- I don't own a house to rent out rooms.

I'm presently self employed anyways. Perhaps it is a little immature but I nonetheless enjoy it. 2010-2014 the apartment complexes in midland could charge whatever they wanted and you had little choice but to pay.

I enjoyed mudlogging with a small company where I was on 24/7 in a trailer on the rig. Saved massive amounts of money basically living at work.

Post: #66

(05-15-2015 02:33 PM)Disco_Volante Wrote:  Permian Basin down to 232 rigs, last year it had 544

http://www.energyeconomist.com/a6257783p...rview.html

I hope all the real estate developers and apartment owners are getting ass fucked with severe losses.
They got away with charging over $1000/mnth for shit apartments and application fees, etc...

I hope real estate tanks and they suffer heavy losses with their empty apartment complexes

guys in the know how much of the rig count drop is just old rigs from depleted wells coming offline? Aren't a lot of the newer rigs just more efficient and productive (and so 1 rig can take the place of a bunch of older ones?). So maybe the rig count drop isn't as scary as the press make sit out to be?

I just think the whole oil price scare is going to be over soon and we'll be back to $70+ by year end. The crazy "oil is going to $20" projections did not come true I am sure it will get better as the year goes on. Wondering what the word on the street is though - maybe I'm wrong.

(05-15-2015 04:36 PM)Chauncey Wrote:  The NM rig count dropped from 100 in Jan to 44 today. Unfortunately all of the hotels and apartments/housing are still over priced. Hampton Inn dropped from $350/nt last summer to around $300/nt, the mom and pops are still charging $80-100/nt. Shitty houses are still renting for $1000/mo and apartments about the same. Even though drilling activity has been cut in half this place is holding steady.

Damn that's crazy - talk about bad hotel managers/slumlords!