$6.66/$4.44 barrel oil?

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Originally Posted by vengie

*Waits patiently to make it rain with double meat subs*

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Sorry, we are out of meat. Truck driver shortage.

I seriously think that employee compensation will be the LAST thing to go up in this "not quite a boom" time.
First is debt repayments and dividends to shareholders.
Second is capital budgets
Third is increased costs to service companies
fourth is employee compensation.

That's my guess.

Unless you had a good LTIP/STIP in place and priced in the low times with focus on tying your subs to shareholder value you probably won’t be that happy.

Supplier here, we've already seen long term people jumping ship to new (better paying) opportunities. And it's not bench strength we are losing, it's the starting roster. Throughout the pandemic we relieved basically all non critical and junior positions and if some plans for employee retention aren't rolled out quickly it will only get worse. Unfortunately, I expect the first thing they will try is to slow roll the 2021 bonus payment from the end of Q1 to the end of Q2

The first employees to leave are the most valuable ones, because they are most valuable to your competitors as well.

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Originally Posted by ExtraSlow

The first employees to leave are the most valuable ones, because they are most valuable to your competitors as well.

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Is that why you are the last to jump ship ?

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Originally Posted by killramos

Not enough oil in the world to pay for socialism.

Case in point

Venezuela

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So true...

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You must spread some Reputation around before giving it to killramos again.

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Originally Posted by redline

Is that why you are the last to jump ship ?

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Fuck that cuts deep. you and killramos are really hurting me this week. I'm going to need two cheap beers tonight to recover.

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Originally Posted by ExtraSlow

Fuck that cuts deep. you and killramos are really hurting me this week. I'm going to need two cheap beers tonight to recover.

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I stand with you brother.

beyond.ca solidarity.

Love to see it.

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Originally Posted by Buster

I stand with you brother.

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Shouldn’t you be using your computer to order your new car?

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Originally Posted by killramos

Shouldn’t you be using your computer to order your new electric bicycle?

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Ftfy

It's been ages since I posted anything about USA DUC's, so here's a nice little analysis. They went down.
https://www.mudrockenergy.com/post/duc-hunt
Attachment 104249

https://www.oilystuffblog.com/chart-stuff
Fun location survey from near Pecos. Guy says it's proof that teir 2 and 3 locations are now the bulk of new drilling. I have no argument with that.
Attachment 104750

Location in Texas but they call it Wapiti A unit.
Original!

Attachment 105040