I don't think any favorable regulations will really help these companies like chevron and bp. They already have the personnel and departments in place to navigate them globally. They'll help family owned companies and/or start ups doing one rig. Or that's at least my perspective. Could absolutely be wrong, though.

Which brings to why trump is doing this. He wants lower energy prices. Input costs: rigs, octg, etc., are settling from a few years ago but are still up. More smaller companies and more rigs means more demand so costs could creep back up. Tariffs are also expected to raise pricing. OCTG has risen ~5%.

Lower commodity prices and increased input costs give no reason for operators to abandon their recent stint of capital discipline.

The focus on acreage and runway are also no reason to.

So, if your 3-5 year plan is flat activity wise, but shareholders still expect increasing stock prices and you're likely still staffed from expansion….layoffs…

Throw in continued advancements with AI and whatever else comes out over the next few years on top of the shareholder pressure for growth and that will continue to mean run leaner as well

Yep. Was just going to edit my post to add increase efficiency from technology

Petrino1 said:

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gougler08 said:

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cajunaggie08 said:

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bp doing a 5% reduction of jobs and sending some roles to Malaysia, India, and Hungary

https://www.chron.com/business/article/houston-bp-layoffs-20040507.php

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I just assume all O&G majors will be doing RIF round 2 here in 2025

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Just curious, why is this the case? Oil prices have been hovering around $70-80 for the past 2 years or so. With Trump in office, oil companies will presumably get more favorable treatment/regulations for the next 4 years.

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It doesn't how many regulations are removed and leases opened up if the demand isn't high. The majors are international companies and while the US is a large chunk of operations it isnt the majority of their operations so they only care about the price of crude. If smaller players are going to add to to the supply of crude on the market to boost the American market share then the price will go down and therefore the stock price for the majors will go down.

https://www.reuters.com/business/energy/trump-calls-1-trillion-saudi-investment-lower-oil-prices-2025-01-23/

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He also called on the Gulf nation (Saudi Arabia) to cut oil prices, saying that could help end Russia's war in Ukraine.

"If the price came down, the Russia-Ukraine war would end immediately. Right now, the price is high enough that that war will continue - you got to bring down the oil price," Trump said, speaking remotely by video link.

"They should have done it long ago. They're very responsible, actually, to a certain extent, for what's taking place," Trump added.

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Washington Examiner: California lawmakers propose making oil companies liable for wildfires, payouts

Don't have a subscription so can't read the whole article....but lol

First paragraph:

Quote:

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California lawmakers proposed making fossil fuel companies liable for natural disasters by allowing natural disaster victims and insurance companies to sue them due to their alleged impact on the environment. Wildfire experts, however, say that the state's poor water management and recent cuts to forest management are largely responsible for the state's worsening wildfires.

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Thas sounds awesome, you hiring???

Join and get involved in SPE.

mts6175 said:

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Spoke to someone today who works for UP and knew both who died. The train was going 75 mph, which is crazy to me through Pecos. There were no seatbelts in the locomotive, the conductor was bounced around all over inside and killed, the Engineer jumped (he's who passed at the hospital. The train also has a device that sends a signal out to make sure the track is clear, the signal was sent from the train, but for some reason it did not return back to the train, so it malfunctioned.

Truck was on the track for over an hour, called 911, police on site, and no one notified UP's dispatch that it was stuck on the tracks.

Ultimately this will fall on the trucking company and pilot car company, but it sounds like there were failures all over the place including TXDMV for sending it that route.

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NTSB Preliminary Report recently released doesn't say much other than just a rundown of what happened and what the investigation will focus on. Max authorized train speed is 70 mph. Train was traveling at 68 mph, applied emergency brake and slowed to 64 mph at impact. The oversized load had been on crossing for 1 minute before collision.

Being in the RR Xing business, I looked at the crossing on Google Earth when this happened. You can see multiple gouge marks in the pavement directly adjacent to the crossing which is an obvious sign of low clearance. There were no Low Clearance warning signs posted (at least at the last time the Google Street View car went by). The pilot car should have seen the gouge marks and stopped the oversized low clearance load before the crossing and TXDOT should have never given a permit to a low clearance load like this to use this crossing in the first place.

Username Checks Out!