Tag Archives: Oilfield Plant and Field Operator

U.S. Shale Swings From Losses To Record Cash Flows | OilPrice.com

After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers. The largest shale producers have left years of bleeding cash behind, focusing on returning capital to shareholders from the record cash flows they have been generating for several months now. As they report first-quarter figures these days, public companies vow continued disciplined spending and only modest production growth as “drill, baby, drill” is no longer shale’s primary goal. 

Investors, in turn, are rewarding the discipline—most of the 20 top-returning firms in the S&P 500 year to date are oil companies, including Occidental, Coterra Energy, Valero, Marathon Oil, APA, Halliburton, Devon Energy, Hess Corporation, Marathon Petroleum, ExxonMobil, ConocoPhillips, Chevron, Schlumberger, EOG Resources, and Pioneer Natural Resources. 

As a result of the highest oil prices since 2014 and capex discipline, the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone, per Deloitte estimates cited by Bloomberg. By 2020, the shale industry had booked $300 billion in net negative cash flow in the 15 years since the first shale boom, Deloitte estimated back then.

Unlike in the previous upcycles, U.S. producers are now directing a large part of the record cash flows to boost shareholder returns with higher dividends, special dividends, and share buybacks. 

U.S. producers do not plan to abandon the newly-found capital discipline and will grow production only modestly, the top executives at most public shale producers said during the Q1 earnings calls this week. Many firms acknowledged the supply chain, inflationary, and labor constraints that could result in slower American oil production growth than the increase the EIA and analysts expect. Producers are also wary of the Biden Administration’s calls for only a short-term ramp-up in production amid otherwise negative comments on the oil industry, which undermines the firms’ visibility and willingness to plan higher investments in the medium term.  

“To say bluntly, the administration’s comments are certainly causing a lot of uncertainty in the market, both in the terms of regulatory taxation, legislation, and negative rhetoric toward our industry. And that creates uncertainty in our owners’, our shareholders’ minds about what the future of this industry really is,” Diamondback Energy’s CEO Travis Stice said on the earnings call this week. 

Diamondback Energy will keep its current oil production levels of 220,000 net barrels of oil per day, Stice said.

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“While we believe that efficiently growing our production base is achievable over the long term, we do not feel that today

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US quietly backtracks on Russian oil ban

© Getty Images/Stephen SwintekRussian oil tanker The US has been vocal about restricting Russian oil imports, but sources say an actual ban is unlikely as it would further propel gasoline prices, which are already record high. On March 8, President Joe Biden announced his administration was banning Russian oil, natural […] The post US quietly…

US quietly backtracks on Russian oil ban

Oilfield workers, Roustabouts With construction background and other Jobs hiring in North Dakota

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Job ID: 488232
Job Title: Roustabout
Job Description: Assemble or repair oil field equipment using hand and power tools. Perform other tasks as needed.
Employer: Total Workforce Solutions
Location: Plaza, ND
Minimum Education Level: No Minimum Education Requirement
Minimum Experience: 24 month(s)
Job Type: Regular
Date Last Modified: 12/21/2016 10:48:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 205842
Job Title: Roustabout
Job Description: Roustabout. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such as tanks, heaters
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 12/19/2016 9:35:17 PM
Source: Private Job Board
Site: BirdDogEngineeringJobs.com
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 205842
Job Title: Roustabout
Job Description: Roustabout. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such as tanks, heaters
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 12/19/2016 9:28:46 PM
Source: Corporate
Site: Key Energy Services
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 205842
Job Title: Roustabout
Job Description: Roustabout. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such as tanks, heaters
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 12/19/2016 5:39:13 PM
Source: Private Job Board
Site: MEP Jobs
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 487657
Job Title: Roustabout
Job Description: -Participate in tailgate/JSA meeting onsite. -Review work directive with crew leader. -Collect necessary materials and equipment for fabrication
Employer: Oilfield Support Services, Inc
Location: New Town, ND
Minimum Education Level: High School Diploma or Equivalent
Minimum Experience: 1 month(s)
Job Type: Regular
Date Last Modified: 12/19/2016 11:42:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 487428
Job Title: Roustabout
Job Description: Roustabout OILFIELD NWJL 487428
Employer: KS Industries
Location: Tioga, ND
Minimum Education Level: No Minimum Education Requirement
Minimum Experience: 6 month(s)
Job Type: Regular
Date Last Modified: 12/09/2016 3:49:00 PM
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Site: ND Workforce Connection
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Job ID: 198822
Job Title: Roustabout
Job Description: Roustabout. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such as tanks, heaters
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 10/26/2016 6:20:33 PM
Source: Private Job Board
Site: BirdDogEngineeringJobs.com
Key Match: 1 – Keyword or phrase matched the job title exactly
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Job ID: 488136
Job Title: Roustabout/ Laborer
Job Description: roustabout or maintenance experience . Ability to lift 40 lbs. Knowledge in pipe fitting OSHA 10 Be able to work in extreme environments Reliable, hard working, positive at
Employer: Site Energy
Location: Arnegard, ND
Salary: $18.00 to $21.00 per hour
Minimum Education Level: High School Diploma or Equivalent
Minimum Experience: 24 month(s)
Job Type: Regular
Date Last Modified: 12/19/2016 4:09:00 PM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: 475642
Job Title: Roustabout with CDL
Job Description: Roustabouts with Class A CDL in the Watford City area. Local position with no lodging assistance or per diem provided. * I.&nbs
Employer: Baker Consulting
Location: Mandaree, ND
Minimum Education Level: High School Diploma or Equivalent
Minimum Experience: 6 month(s)
Job Type: Regular
Date Last Modified: 12/19/2016 7:52:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: 487520
Job Title: Oil Field Roustabouts
Job Description: roustabouts. Must have a valid drivers license and able to pass a drug test. oilfield
Employer: D & L Construction Inc
Location: Parshall, ND
Salary: $20.00 to $27.00 per other
Minimum Education Level: No Minimum Education Requirement
Minimum Experience: 6 month(s)
Job Type: Regular
Date Last Modified: 12/12/2016 8:38:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: 198822
Job Title: Roustabout – With Class A CDL
Job Description: Roustabout with Class A CDL. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 11/13/2016 9:38:26 PM
Source: Corporate
Site: Key Energy Services
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: 198822
Job Title: Roustabout – With Class A CDL
Job Description: Roustabout with Class A CDL. RESPONSIBILITIES: * Using hand tools such as shovels, rakes and hoes to perform dirt work such as digging ditches, covering spills and constructing earthen containment barriers * Connecting tanks and flow lines using hand tools * Constructing, installing, maintaining and repairing production sites and facilities such
Employer: Key Energy Services
Location: Williston, ND
Date Last Modified: 10/26/2016
Source: Private Job Board
Site: MEP Jobs
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: 439853
Job Title: Roustabout 1
Job Description: Roustabouts in the Watford City area. Local position with no lodging assistance or per diem provided. * I. Job Summary Must have the ability to work on an o
Employer: Baker Consulting
Location: Mandaree, ND
Minimum Education Level: High School Diploma or Equivalent
Minimum Experience: 6 month(s)
Job Type: Regular
Date Last Modified: 07/27/2016 10:59:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 2 – The keyword or phrase was in the job title
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Job ID: JS2520305459
Job Title: Super Vac Assistant – Belfield, ND
Job Description: roustabout or construction background (preferred) Must be able to work in a team environment Must be able to perform the essential functions in a fast paced and high stress environment. Must possess exceptional customer service skills and the ability to work with current and potential customers, both internal and external.
Employer: Mbi Energy Services
Location: Belfield, ND
Date Last Modified: 12/24/2016 11:14:35 PM
Source: Private Job Board
Site: JobServe
Key Match: 4 – The exact keyword or phrase was in the job description
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Job ID: JS2443311459
Job Title: Super Vac Assistant – Ross, ND
Job Description: roustabout or construction background (preferred) * Must be able to work in a team environment * Must be able to perform the essential functions in a fast paced and high stress environment. * Must possess exceptional customer service skills and the ability to work with current and potential customers, both internal and external.
Employer: Mbi Energy Services
Location: Ross, ND
Date Last Modified: 12/21/2016 8:48:37 PM
Source: Private Job Board
Site: JobServe
Key Match: 4 – The exact keyword or phrase was in the job description
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Job ID: 487612
Job Title: oilfield workers
Job Description: Roustabouts General labor staff will be helping with snow removal, filter changes and daily tank monitoring and filling. Other temps will be working in specific skill trades with
Employer: Dakota Staffing Solutions
Location: Watford City, ND
Salary: $18.00 to $28.00 per hour
Minimum Education Level: High School Diploma or Equivalent
Minimum Experience: 6 month(s)
Job Type: Temporary
Date Last Modified: 12/13/2016 8:20:00 AM
Source: Preferred Employer Preferred Employer
Site: ND Workforce Connection
Key Match: 4 – The exact keyword or phrase was in the job description
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