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The Water Cooler
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Nobody is buying s**t these days
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<blockquote data-quote="scott024" data-source="post: 4292159" data-attributes="member: 34990"><p>I work for an O&G service company, we have a hiring freeze right now and T&E has to be approved. Travel for training has been nixed as well. We have been very slow for the last 2 months, and it's because O&G companies are laying down rigs. Rig count in the US is down to 581, and rigs in Oklahoma arre down to 44. In July 2018 when things were going well, there were 1050 rigs operating in the US and 140 in Oklahoma. The 2018 numbers are about half of what they were in 2014. If things don't turn around soon, O&G industry is going to have another big cut. My company had 5k layoffs globally back in February.</p></blockquote><p></p>
[QUOTE="scott024, post: 4292159, member: 34990"] I work for an O&G service company, we have a hiring freeze right now and T&E has to be approved. Travel for training has been nixed as well. We have been very slow for the last 2 months, and it's because O&G companies are laying down rigs. Rig count in the US is down to 581, and rigs in Oklahoma arre down to 44. In July 2018 when things were going well, there were 1050 rigs operating in the US and 140 in Oklahoma. The 2018 numbers are about half of what they were in 2014. If things don't turn around soon, O&G industry is going to have another big cut. My company had 5k layoffs globally back in February. [/QUOTE]
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