Thread regarding FMC Technologies Inc. layoffs

Current Rumors

Recently heard two different rumors:

  1. At the start of the year, more wells will be tapped and a giant surge of work will be generated from it.

This is also the reason why our warehouse buffers have been doubled and we keep continuing to fill them.

  1. These wells won’t generate work until the middle of the year, probably June-July.

Anyone know if there’s any validity to these?

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It was a great idea before WTI crude crashed to $53 a barrel. That's all invalid now. Drilling decisions change on a monthly basis. Right now look for the whole industry to be mothballed unless things change really quick

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