Replies to This Discussion

Permalink Reply by Todd Charles on August 9, 2011 at 12:00pm

It will barely be a blip on the radar - gas & oil are actually tangible commodities that can pull us out of a recession, and back paper money...

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Permalink Reply by Jim Litwinowicz on August 9, 2011 at 3:14pm

In 2008, all the company withdrew their offers.  Part of it was due to a crash in prices, partly because the companies could no longer get financing.

 

This situation doesn't look to be as bad....yet. Doubt if it will get there but one never knows for sure.

 

One good thing about all the local players be bought up....Atlas.....Phillips...East....is that the majors that bought them have huge cash reserves. Plus, since they invested so much in the buyouts, they have an incentive to proceed.

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Permalink Reply by Angela Smith on August 9, 2011 at 3:21pm

Cheap money for at least two more years doesn't hurt.

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Permalink Reply by Bill anders on August 9, 2011 at 3:26pm

Wouldn't be surprised if prices go down.  Smaller companies are going to have a tough time getting financed, and the larger companies react to the markets.  Less competition, less money being thrown around.  Exactly what happened 2008.

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Permalink Reply by Todd Charles on August 9, 2011 at 4:17pm

I'm with Jim - the difference between now and 2008 is - 1) technology and 2) consolidation of smaller drilling companies that don't have the resources to proceed, being bought up by companies who do...

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Permalink Reply by craig on August 9, 2011 at 4:26pm

I don't think much at all, if any.  Then I just read this article in the WSJ about hiring in the industry.

http://online.wsj.com/article/BT-CO-20110809-716379.html?mod=crnews

 

Good read.

 

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Permalink Reply by Jim Litwinowicz on August 10, 2011 at 9:23am

If your not a WSJ subscriber, you can see more of the article here;

 

http://marcellusdrilling.com/2011/08/shale-gas-industry-continues-t...

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