Oilfield Layoffs

[copterzach]

Baker Hughes/Halliburton to cut 8000
Schlumberger to cut 9000
GE to cut 1000
It is really having a major effect on the locals here. Small service companies are in situation that does not look good. Houses are for sale all over town. I know that the oilfield goes up and down. You would think that all these people here in town would have put a dollar to the side. But no. New lifted trucks, Escalades and building new houses.

Any of the inmates going to be effected by all the cuts and the price of oil?

 

[was thatguy]

Baker Hughes/Halliburton to cut 8000
Schlumberger to cut 9000
GE to cut 1000
It is really having a major effect on the locals here. Small service companies are in situation that does not look good. Houses are for sale all over town. I know that the oilfield goes up and down. You would think that all these people here in town would have put a dollar to the side. But no. New lifted trucks, Escalades and building new houses.

Any of the inmates going to be effected by all the cuts and the price of oil?

Yes.

I see the younger guys spending like water too. Try to tell them this is "temporary" work regardless of how long you have been doing it. They don't listen...neither did I at their age.

It's real bad right now. I may have to go overseas.

 

[RVRKID]

Wonder if the guy with the Vette MTI is going to be OK!

 

[COCA COLA COWBOY]

Yes.

I see the younger guys spending like water too. Try to tell them this is "temporary" work regardless of how long you have been doing it. They don't listen...neither did I at their age.

It's real bad right now. I may have to go overseas.

Sorry to hear that. Many are still saying oil will rebound. Oil is amazingly low, but the price of gas went back up, but I guess that was because of the strike or whatnot.

Railroad is hiring like wildfire still. I went to Wyoming just to check it out, but the dry weather and lack of lakes and rivers was a deal breaker for me. Plus I couldn't live in a small town and you just can't commute because of the wicked weather.

 

[Danger Dave]

Sorry to hear that. Many are still saying oil will rebound. Oil is amazingly low, but the price of gas went back up, but I guess that was because of the strike or whatnot.

Railroad is hiring like wildfire still. I went to Wyoming just to check it out, but the dry weather and lack of lakes and rivers was a deal breaker for me. Plus I couldn't live in a small town and you just can't commute because of the wicked weather.

Which railroad, and where in Wyoming?

 

[McRib]

Wonder if the guy with the Vette MTI is going to be OK!

He will be fine. He's an owner who will downsize as needed I'm sure. His main money is not from actual drilling a field. His main biz is manufacturing the bits and other equipment needed to drill.

 

[copterzach]

Wonder if the guy with the Vette MTI is going to be OK!

He has probably been in the business a long time. And seen this trend many times. He will be fine

 

[Mrs.Racer277]

Baker Hughes/Halliburton to cut 8000
Schlumberger to cut 9000
GE to cut 1000
It is really having a major effect on the locals here. Small service companies are in situation that does not look good. Houses are for sale all over town. I know that the oilfield goes up and down. You would think that all these people here in town would have put a dollar to the side. But no. New lifted trucks, Escalades and building new houses.

Any of the inmates going to be effected by all the cuts and the price of oil?

Bakersfield has the same companies taking the same hits 1,200 oil filed jobs cut from Jan to Feb

 

[was thatguy]

When I was a younger man I would go drill agriculture water wells and environmental drilling.
It's a lot less $ and a lot more physical than directional work, but it always got me through.

Even with a boom right now I would still have been at home due to Debs health, but I'm going to have to do something in the next month or so for sure.

I have a lot of toys that are paid for, and we have seriously been talking about simplifying and down scaling...might be time.

Having said that does anyone want to buy a C5 triple black convertible???

(Serious)

 

[Tommy Gun Images]

It will likely have an effect on my Baja race schedule... :thumbsdown

 

[72Hondo]

We fly into San Angelo and Midland Texas where the oil boom was huge. Hotels were charging an outrageous amount of money, if you could even find a room. There rapidly falling and they stopped building hotels.

 

[Beef Injector]

Pretty typical i'm afraid. I was in hi-tech for 15 years and it was the same. 20 years old with no degree making $60k with all the overtime. First thing to go was OT and now all the sudden they're a disgruntled employee. I'm in the drilling industry now and while we havent had large lay-offs like Baker we're still losing machinists and field techs. And many of those guys thought they had it made. There were many you couldn't count on because if you pissed them off they would just go work next door. Rig count is continuing to fall. We're losing a chunk of our R&D budget but typically when the shit hits the fan, engineering is where you'd like to be.

 

[spectras only]

No different in Alberta Canada. My son worked whole year for URS outside of FortMac Murray making insane money. He got laid off about month ago from Tarpon along with another 60 electricians. He got a job right away in the beautiful Okanagan region in Oliver BC. Government project, building a prison there. No shortage of criminals to accomodate anywhere so we need more prisons. The prison project will be over a year, albeit his pay would be quite bit less but he's happy as pig in dirt, because Oliver/Osoyoos is desert country where he could enjoy running his Baja style Ford Ranger:thumbup:. He wants to settle down there for good and his girlfriend just joined him there last weekend. A solid job is more important than a high risk high paying one IMO, not even mentioning the geographical locations like the Okanagan.:thumbup:

Nexen, Talisman and Conoco Phillips all laying off people > http://www.huffingtonpost.ca/2015/03/18/calgary-layoffs_n_6895586.html

 

[Boschma]

We've been seeing a lot more guys looking for jobs lately. Truck drivers, heavy equipment, and even general labor. It's been slim pickins for employees around here the last few years. We've had 3 weeks go by without a single person asking for a job, that's unheard of for us.

There is big oil to the north of us a couple hours and south a couple hours. I don't want to see anyone struggle, but the oil business was really hurting a lot of other businesses too though. They pay so much you can't compete.

I've been wanting a new boat and have been watching the Midland/Odessa Craiglist and Boat Trader, but it doesn't seem like very many toys have been getting dumped yet.

 

[Boschma]

We fly into San Angelo and Midland Texas where the oil boom was huge. Hotels were charging an outrageous amount of money, if you could even find a room. There rapidly falling and they stopped building hotels.

I've heard rooms at a crappy hotel out there would be close to $250-300 per night.

 

[was thatguy]

I've heard rooms at a crappy hotel out there would be close to $250-300 per night.

If available.

 

[COCA COLA COWBOY]

Which railroad, and where in Wyoming?

BNSF, but I was checking out Savage Railroad as I have a family member that works there in Wheatland, about 60 miles north of Cheyenne. However, they have opportunities all over Wyoming. If your interested, shoot me a PM and I'll have you talk to my cousin. It's pretty much a sure in. $225/day, but is supposed to go up to $275/day at the end of the year. Tons of other benefits as well. However, I grew up in the Coachella Valley and I didn't know what dry was till I wend to WY. It's crazy dry, totally different.

 

[COCA COLA COWBOY]

When I was a younger man I would go drill agriculture water wells and environmental drilling.
It's a lot less $ and a lot more physical than directional work, but it always got me through.

Even with a boom right now I would still have been at home due to Debs health, but I'm going to have to do something in the next month or so for sure.

I have a lot of toys that are paid for, and we have seriously been talking about simplifying and down scaling...might be time.

Having said that does anyone want to buy a C5 triple black convertible???

(Serious)

Don't try and sell that thing in Redding if you want top dollar. I had a nice dodge that we really didn't use. I listed it here for a few weeks and nothing. Listed it in San Diego and had multiple offers well over bluebook and sold it the same day. Redding's economy is horrible. I love being close to the water, family, snow, mountains and forest, but the money is just not here. Moving back to San Diego in the next couple months.

 

[Skinny Tire AH]

We've been seeing a lot more guys looking for jobs lately. Truck drivers, heavy equipment, and even general labor. It's been slim pickins for employees around here the last few years. We've had 3 weeks go by without a single person asking for a job, that's unheard of for us.

There is big oil to the north of us a couple hours and south a couple hours. I don't want to see anyone struggle, but the oil business was really hurting a lot of other businesses too though. They pay so much you can't compete.

I've been wanting a new boat and have been watching the Midland/Odessa Craiglist and Boat Trader, but it doesn't seem like very many toys have been getting dumped yet.

I've been doing the same thing. I keep expecting a bunch of Skaters and MTI's hit OSO. There has typically been 59-61 Skaters and 28-29 MTI's last time I looked there were like 55 Skaters and 25 MTI's. nothing new coming in. I bet there will be though.

 

[rush1]

Opec is in vallhala with this news :yikes

 

[copterzach]

 

[ChevelleSB406]

90% of our business is oil and gas industry, I am not threatened directly as I am not a project engineer or developer, but several are looking scared as the work is drying up, the oil majors and refiners have been slashing their software and project budgets and we are running out of work for our guys on projects side. I am ok I think in my position, however, I have been due a promotion and all that might be on hold as they will probably put a company wide hiring freeze, which means no job grade changes.

 

[was thatguy]

Spent some time on the phone today, looks like I'll be sitting at home for at least 6 more weeks, maybe longer.

 

[COCA COLA COWBOY]

Spent some time on the phone today, looks like I'll be sitting at home for at least 6 more weeks, maybe longer.

I'll be dropping in on Shasta on thursday if all goes well with the fam and a fishing pole. You should do the same. I'll have a beer waiting for you.

 

[was thatguy]

I'll be dropping in on Shasta on thursday if all goes well with the fam and a fishing pole. You should do the same. I'll have a beer waiting for you.

Thursday is chemo day at Stanford. But we actually might have to skip it depending on her blood count.

Supposed to be a nice day, if we don't go to Stanford I'll definitley drop in!!!

 

[COCA COLA COWBOY]

Thursday is chemo day at Stanford. But we actually might have to skip it depending on her blood count.

Supposed to be a nice day, if we don't go to Stanford I'll definitley drop in!!!

OMG, didn't know your wife has cancer. I'm pretty well versed on that subject with my dad. I'm sure you have it handled as your not going through Redding hospitals...lol, but the right doctor is everything isn't it.

 

[was thatguy]

OMG, didn't know your wife has cancer. I'm pretty well versed on that subject with my dad. I'm sure you have it handled as your not going through Redding hospitals...lol, but the right doctor is everything isn't it.

Last time around she got very good treatment with surgery, chemo, etc in Redding.

But this time (1 1/2 years later) it is evident that the acquisition of Solace, Mercy, etcetera by Dignity Health has had a dramatic effect on the care available here, in a very bad way.

What else you got going this week? Would be happy to meet up for a brew some afternoon?

 

[copterzach]

Stallion Oilfield services just moved out of town. Rumor is Halliburton is leaving also.

 

[jayboat]

He will be fine. He's an owner who will downsize as needed I'm sure. His main money is not from actual drilling a field. His main biz is manufacturing the bits and other equipment needed to drill.

You forgot the pipe- drilling pipe. Among other things.

Derek is so far into the stratosphere he passed 'recession proof' a while back.

Sorry to hear of those caught in the shifting sands-
what goes up must come down and for better or worse, we are most definitely living in a new world.

I read earlier today that last month's output from Saudi Arabia was nearly an all-time record.
That sounds to me like all those companies listed by the op are reading the tea leaves.
The royal kingdom knows the price is nosediving and won't be back anytime soon, if ever.

eta: just ran across this, another piece of the puzzle

Solar and wind power suddenly appear to be a dangerous technology to incumbents in the aging business of electricity generation. As half-century old coal and nuclear plants retire – with their uneconomic creaking parts and outdated machinery -- renewables have stormed into the gap. Quietly, yet rather quickly, the various energy inputs to electricity production are changing: in the US powergrid, it’s now out with an old form of power generation that relies on burning energy, and in with a new form of power generation that relies on capturing energy.

The numbers are startling: In the last two years alone, 4.3 GW of nuclear capacity has been retired. These include the 42-year-old Vermont Yankee Power Plant outside of Brattleboro; the 39-year-old Kewaunee Station near Green Bay, Wisconsin; and the 30-year-old San Onofre plant in San Diego County, California. More nuclear retirements, in the aging US nuclear fleet, are sure to come. And if it were only US solar growth that was being called upon to “make up” for these nuclear losses, that gap would be larger. But in 2013, 1.1 GW and in 2014, 4.8 GW, of new wind capacity were also added in the US. And these were actually relatively slow years for new wind power construction.

The numbers hold true for sun-based power as well. New solar power installations in the United States added to the grid in just the past two years—a collective that includes everything from utility grade solar to rooftop solar on businesses and homes—have provided 4.75 GW of capacity (in 2013) and another 7.26 GW of capacity in 2014, according to data and estimates from BP Statistical Review and the SEIA (Solar Energy Industries Association). By comparison, a typical nuclear power plant has about 1.5 GW of capacity, and a typical coal-fired power plant about 0.5 GW of capacity. Of course, both nuclear and coal generating stations run 24/7 generating far more electricity directly from their built-capacity than a solar plant which only runs during daylight hours. The challenge for existing utility players however, many of whom bought very old nuclear and coal plants over the past 15 year at fire-sale prices hoping to scalp a profit, is that US electricity demand overall is not growing. According to the EIA (Energy Information Administration), total generation last year was only 1.5% higher than it was ten years ago.

 

[Skinny Tire AH]

Spent some time on the phone today, looks like I'll be sitting at home for at least 6 more weeks, maybe longer.

I could recommend you for the Moderator position down in the political crater. :thumbup:

 

[was thatguy]

I could recommend you for the Moderator position down in the political crater. :thumbup:

Oh god no...

I'd have to eat a LOT of ramen before I get THAT fucking hungry!!:yikes