Does that mean Surmont won't get any upgrades this year?
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but it's a trade off....I'm seeing some savings when I fill up my 5 mile per gallon Hummer
after layoff I had to take something at 20 an hour...basically because that was all that was available
Yes. We get 2 raises a year up here too.
Those $35/hour field jobs just aren't there anymore...no matter where you are located.....maybe Alaska
10 or 12 dollars a barrel would be the floor in West Texas before drilling came to a complete stop as it is in Western Canada and North Dakota
Most of these North Dakota field workers washout after a month or two in Texas....man you mean I actually have to work for my check?...also 90% of the crews are Hispanic...quite a culture shock for those from the far North
It means no growth capital will be spent. Maintenance capital will be spent (workovers/recompletions etc.) to keep within production guidance.
The next big job opportunity....Pick-up truck repo
those $60,000 to $70,000 dollar rigs that only stupid people buy
go to the store in Odessa, and see nothing but pick-up trucks with North Dakota license plates....too funny
Can't do that too busy playing Pokemon go
We just added 6 new rigs in Permian...come on down to Odessa if you want to keep that wuss safety job
why not get a job at a warehouse unloading trucks...it might help to clear your mind
this post sounds like it's coming from the guy that did the daily safety meeting at the drill site...that job is toast...no ifs ands or buts
Talk about a stupid question we have more crude in storage than the mid 1930's....wanna see 10 cent a barrel. Keep on drilling
OP, a short course in accounting will answer your question. Specifically learn about operating expenses and capital expenditures and how they differ.
Read it again.
Does it mean that not a single well will be drilled? Not even delineation?