I saw a break even analysis from several of the major PP's. It was from one of the super majors. I saw the Marcellus/Utica breakdown. The BE price per stage was 110k per stage using 3 power ends. But the average cost was at 45k a stage. Many of these businesses are going to get put out of buisness as 45k ain't paying depreciation cost. You can't compete to complete at these prices.
14 replies (most recent on top)
We need work,we need work,its time to cut prices and get this equipment out of idle status
Chop Chop goes the axe!!
Thick with sarcasm this thread is.
Baker Hughes has out priced their self. Crackerhead and his buddies all are in dire need of a raise!
Ouch
Quite simply all of the blame belongs to the people on the ground. They are fat, lazy, incompetent, greedy, and over paid. It has nothing to do with poor management or frivolous spending. Nothing to do with knee jerk reactions and business decisions or corporate excess. This is purely the fault of those that work for a living.
So everyone here just gives up / dives / makes excuses . How about lifting your heads up and face the obstacles like men.
Experience, do the right thing . Your PP side of the company is in bad shape.
You probably screwed people when times were good.
Management that knows how to run a business!
Employees?
because we s u c k ?
Dohh...we are useless