Why most oilfield companies are getting tad bit nervous is because they were so spoiled to $100 oil for so long
And service companies gulf wide and world wide also took advantage of it and charge rates and salaries have sky rocket up over last 15 years
We had an over view of what has happend in last 15 from 2000 till present
Everyone who started with our company from 2000-2002 have seen pay increase hourly of $22-26 an hour and charge rates increase $50 to $60 hour
Oil was $28 a bbl in 2001
Prime example is you had a guy starting in 2000 making $11hr and his charge rate was like $55
Now 2014 that same guy is making $33-35 hr with a charge rate of $75-90 hr
You can't take people money away so cost wise over 15 years has been profits for all
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