I think I'm good for right now because I'm in production. (Insert closest to the wellhead line here) if it doesn't make a recovery soon though, I've got a plan. I'm under contract so there's not a lot I can do currently, but if something does happen I'm Arkansas bound and I'm getting out.
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? Check into what ?
Right on bro, I always say ho's before bro's. Houston/Corporate and the office know what this means. Check in to it.
Oil keeps falling. And falling. How low can it go? Posted on January 12, 2016 | By AP
DALLAS (AP) — The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right ? Even after trending down for a year and a half, U.S. crude has fallen another 17 % since the start of the year and is now probing depths not seen since 2003.“All you can do is forecast direction, and the direction of price is still down,” says Larry Goldstein of the Energy Policy Research Foundation, who predicted a decline in oil in 2014.
On Tuesday the price fell another 3 percent to $30.51 a barrel in morning trading, its lowest level in 12 years. Oil had sold for roughly $100 a barrel for nearly four years before beginning to fall in the summer of 2014. Many now say oil could drop into the $20 range.
But layoffs across the oil industry are mounting, and bankruptcies among oil companies are expected to soar. BP announced layoffs of 4,000 workers on Tuesday. Fadel Gheit, an analyst at Oppenheimer & Co, says as many as half of the independent drilling companies working in U.S. shale fields could go bankrupt before oil prices stabilize.
@FlsGETm-1fqm go back to CHK board
Go back to Arkansas with all the other deadwood. I'm tired of reading about Arkansas cry babies thinking Swn owes you something. I've been in this industry for 35 years, you have your highest of highs and lowest of lows. If you can't grasp that, or comprehend that, maybe go work at a restaurant or hardware store. I'm glad I stayed with Chk, I still hear all the stories from old friends that made the wrong move and went with swn.
If you're in production, then you are in a great position to show an impact to the bottom line and your value to the company, particularly in these down times. SWN's production operations are a model of operating waste. So much room for introducing intelligent efficiencies and technology to improve margins and truly be a low cost operator. I saw so many places to "work smarter, not harder" and to automate field operations, it was ridiculous. But I wasn't part of the "production gang", and everything was met with "NIH" (not invented here).
the company will be sold off
I am with CHK, we are in a meltdown mode, SWE is doing much better - our board has thousands of messages here: &chesapeake-energy
if I were you I would start looking bro. Just my opinion. But shit aint good. I permit all water use for the state and noone is applying for new permits. 500 cancellations so far bro