Oilfield service companies—including crude oil haulers, water transporters, and frac sand and cement haulers—were especially hard hit.
“We’re still seeing major cutbacks in personnel in the service sector, which has accounted for roughly 40% of the job losses,” says Kenny Jordan, executive director of the Association of Energy Service Companies (AESC).
“LORD, let there be one more oil boom.” That bumper sticker dating back to the oil bust of 1986 pretty well sums up the mood in the oilfield service sector today.
The industry is still reeling from the international collapse of crude oil prices—and the resulting plummet in US drilling—over the past year.
–Donna I dated a guy for 6 weeks; after a casual conversation to ensure that we were on the same page, he apologized to me for being so detached because it was never his intention.
He said he wished that his life was more stable and that he felt it would be unfair to bring me in any further when he felt like he was in a world of uncertainty and physically & emotionally numb/exhausted.
He also informed me that he was at a crossroads in his career and that he felt like he may be going thru a midlife crisis.
“With crude currently at a 14-year low, this year could be even worse for the service sector. We expect little or no improvement in the rig count.
We have remained friends who occasionally meet up for happy hour (nothing more!! Is it something to boost ego and fill their alone time at home? Are they opportunists hoping to “get some” until they are at a better place in life?
Or was he blowing smoke up my ass and I believed it?
Evan, is it a good idea to date a guy who is in the final stages of a divorce or even right after his divorce is final?
A guy in the final stage of his divorce pursued me every time I ran into him and called and said he’s so into me and hasn’t been attracted to any other woman.