AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller Vide
PostSubject: Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller   Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller Icon_minitimeFri Jan 09, 2015 1:33 am
Helmerich & Payne, the pioneer of high-specification land rigs designed for shale plays, is beginning to feel the effects of low oil prices and curtailed E&P budgets.

The company provided market commentary this morning quantifying the early impact of the downturn on its operations. The order of magnitude of the impact this early in the downturn is startling.

A month ago, we wrote that E&P commentary suggested some rigs in the Bakken were being hit with early terminations, and mentioned H&P as one of the companies exposed. Today, H&P confirmed that four long-term contracts for drilling rigs have been cancelled.

Since early-December, H&P has seen 11 of its FlexRigs go idle. Over the next 30 days, the company now thinks up to 50 additional FlexRigs will become idle. That's about 60 rigs wiped out of its active fleet in just two months. That's a 20% decline in the company's shale drilling activity over this short period of time.

http://oilpro.com/post/9468/drilling-contracts-terminated-60-rigs-going-idle-leading-shale-dr
_________________
Anarcho Capitalists Retail ,  OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller PgkowJT
Back to top Go down
 

Oil-bath: Drilling Contracts Cancelled As 60 Rigs Are Going Idle For Leading Shale Driller

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Free forum | ©phpBB | Free forum support | Contact | Report an abuse | Forumotion.com