LogFAQs > #926701026

AngelsNAirwav3s posted...

Ah yeah those are usually the companies that feel it first on a downturn, also midstream has been a big problem, why spend money drilling and completing wells if you can't even turn them on because there is no gas pipeline? I am really hopeful though that the industry changes this time around, instead of the typical boom/bust cycle, it will level out to just a flat, grow production slightly each year, steady business model like industrial companies.

Yeah this is my 2nd run in the industry. Did 2012-15 before. Got laid off in 15, went into pharma. Absolutely hated it, but did it for about 2 years. Got back in Mar 2018. See how long this one goes. They seem like they are they are trying to be a little more reasonable with growth this time. Industry has changed in the couple years I was out. Especially frac, when I was in it was always cross-linked fluid. Now it's more slickwater, which is cheaper, takes a lot less chemical. Slickwater is pretty much just water and guar. So it's a just a slightly thick fluid they pump at a high rate which produces similar results to cross-linked gel.

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Show me a man who resorts to violence and I'll show you a man who's run out of good ideas
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