Several low-level managers have said an MCBU ROM is on the way. Has this been announced yet?
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Yes it is coming. I am hoping the time that we are on the ROM list oil is at $80, won't happen but a man can dream! There is going to be a consolidation for North America with all Shale work being centralize in Midland. No one was going to move into the new Midland office and now they will be fighting to go there. We at MCBU have an aggressive work load so it will be interesting to see how they structure MCBU. AMBU went to an asset team structure and I am not sure that applies here as much because of the homogeneity of our work. But they may set that type of organization here. It would not surprise me at all. Not sure your level in the organization but the one constant I hear over and over and over is AMBU is EXTREMLY overstaffed and especially on the D&C side. My guess is we will be in competition for jobs with the majority of those employees.