Wow! the loss of technical talent in wells is breathtaking. I hope MW isn’t planning on doing any drilling anytime soon!
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U can farm it out..just accept the increased risk of less accountability... it’s all fun and games until it goes south... btw if it’s so easy to poke holes.. I imagine you’ve created ur own business and are filthy rich (congrats!).. ah the reality check is ugly (ur either extremely dumb, lazy, or wait a tick it is hard)
HAL and SLB s— in Permian drilling and completions performance numb nut. Phoenix, Baker, Key, and Next Tier will.
And yes the VP will make Wells Digital Great again, hence she turned it into the size of a BU. LOL
I wouldn't assume that HAL and SLB will be around in NA to drill your Permian wells.
“ We can safely farm out most drilling. It is not rocket science to just poke holes in the ground.”
Yes that’s probably true. If we return back to growth I expect we hire SLB or HAL to execute a few hundred wells turnkey in places like the Permian.
Like MW said "We are a technology company happen to be in Energy Business!" ;) - So if D&C is too difficult, we can just move into another growth area like construction.
We can safely farm out most drilling. It is not rocket science to just poke holes in the ground.
Dude we are so digital it’s all taken care of
Relax! With WTI at $35 and heading lower and remaining there for the next 18 months, plenty of oil on the market and Covid roaming for the next 12 months, there will be plenty of technical folks to hire when the need is there, MW midway smarter than you. Worry about yourself!