OA76 - You have any new predictions of what will happen the remainder of the year or in the near future? Appreciate the insight.
-2013, 25% bonus (4 quarterly payments), normal raiserebel06 said:
Changing gears a little and, for those who are willing, would like to hear feedback on year end bonuses and raises in the industry. Our company (private, independent O&G company) does annual reviews in February so they are right around the corner.
Here's a summary of the last few years for our company:
-February 2015 (essentially end of 2014), small raise and bonus.
-February 2016 (essentially end of 2015), no raise or bonus but the positive was that there were no layoffs.
-February 2017 (essentially end of 2016), TBD
I work for a very small independent GC, Murray and Stafford. We lead the front range market in concrete tilt up (warehouses), it's almost 100% between north Denver metro (lafayette/loveland/boulder) and south Denver metro (Lone Tree/Centennial). Warehouse construction is at an all time high right now. Lots of shipping centers, distribution centers, sorting facilities, etc. in this day and age. (and given our local political leanings, grow houses)Corps_Ag12 said:
Unrelated to O&G, but where in CO are you and who do you work for if you don't mind me asking.
Wife is an Aggie said:
Looks like the guys from MRD started their own company after being acquired by Range.
http://gritog.com/
for whatever reason denver is a point of entry for shipping.62strat said:I work for a very small independent GC, Murray and Stafford. We lead the front range market in concrete tilt up (warehouses), it's almost 100% between north Denver metro (lafayette/loveland/boulder) and south Denver metro (Lone Tree/Centennial). Warehouse construction is at an all time high right now. Lots of shipping centers, distribution centers, sorting facilities, etc. in this day and age. (and given our local political leanings, grow houses)Corps_Ag12 said:
Unrelated to O&G, but where in CO are you and who do you work for if you don't mind me asking.
For the 90s and early 2000s this company was booming doing big box retail. Those have completely vanished from the developers project lists it seems.
Zemira said:
Leviathan is finally sanctioned.
http://www.globes.co.il/en/article-noble-energy-commits-to-financing-leviathan-development-1001178247
Don't drink the Russian Vodka....it does strange things to those who do.Zemira said:
Leviathan is finally sanctioned.
http://www.globes.co.il/en/article-noble-energy-commits-to-financing-leviathan-development-1001178247
RABAg04 said:
Data rooms just closed this week. No one is saying anything yet.
RABAg04 said:
Could be, everything I hear is rumor.
EMAS filing for Chapter 11.Vernada said:
Offshore contractors continue to hemorrhage. EMAS is in death throes. Bibby will almost certainly close up shop everywhere but maybe for diving in U.K.
Yes, offshore is no where near recovery - it's not even certain that the bottom has been found yet.GigemCO2008 said:
Offshore is still pretty bloody, day rates now are going for around 225 for 6th gen, if they can get work.
I'm now on hot stacked rig, and I can see 5 drill ships in our vicinity 15 miles off Port Fouchron
Watching the backlogs drop in the offshore manufacturing side is amazing. On a percent side this is worse than the 80's and there is just no end in sight. Nothing on the horizon in even REMOTELY in sight to help the deepwater side. As long as the land side is so damn cheap and easy and EFFICIENT there really is just no reason for the deepwater side to even remotely recover for years.Vernada said:Yes, offshore is no where near recovery - it's not even certain that the bottom has been found yet.GigemCO2008 said:
Offshore is still pretty bloody, day rates now are going for around 225 for 6th gen, if they can get work.
I'm now on hot stacked rig, and I can see 5 drill ships in our vicinity 15 miles off Port Fouchron