They're Killing Us Out Here

[SSG Snuggle Bunny]

Employees of Halliburton Energy Services, one of the largest drilling contractors in Colorado’s Piceance Basin, were laid off Thursday, the company confirmed.

There was no word on how many Halliburton employees were let go.

“It simply is not business as usual in the current economic environment and we continue to work hard to minimize personnel reductions; however, we can confirm, unfortunately, that there were some Halliburton personnel reductions in Grand Junction [Thursday],” said a statement from Larry Kent, Halliburton’s Grand Junction district manager, issued by the company.

“Halliburton remains committed to deliver exceptional solutions and services to our customers in the Grand Junction area as we have since 1996,” Kent continued.

Halliburton had about 1,400 employees in Colorado, according to a statement issued by the company.

The layoff were first reported Thursday by Grand Junction-area news media.

The Grand Junction Daily Sentinel newspaper said in an online story that many Halliburton employees were told they were no longer needed when they arrived for work in the morning.

Grand Junction television station KJCT-Channel 8, in a short item on its website, quoted a Halliburton employee at the company’s Grand Junction building as saying longer-serving workers had been laid off.

Halliburton (NYSE: HAL), based in Houston, is one of the largest drilling contractors operating in Colorado, which has seen a pullback from the oil and gas industry in recent months.

Halliburton’s annual report said one of the company’s top priorities for 2009 would be “reducing headcount in locations experiencing significant activity declines.”

And in the Piceance Basin near Rifle and Grand Junction, what had been a boom for Colorado’s oil and gas industry is quickly deflating.

Williams Companies Inc. (NYSE: WMB), the Tulsa, Oklahoma-based oil and gas firm that is one of the largest operators in the basin is slashing the number of drilling rigs it operates in the valley area near Interstate 70 from 21 last year to eight this year, spokeswoman Susan Alvillar said.

“They are one of our largest contractors,” Alvillar said. “It’s the state of the industry and our contractors are feeling those painful cuts. We’re just glad that we have an activity drilling program at all, and hopefully we can make it through this time.”

In the peak reached last August, there were 75 drilling rigs operating in Garfield County, the heart of the Piceance Basin. As of the end of January, the figure had fallen by 43 percent to 43 rigs, according to the Colorado Oil & Gas Conservation Commission and Golden-based Anderson Reports, which tracks drilling rig activity.

http://denver.bizjournals.com/denver/stories/2009/03/02/daily55.html

Scuttlebutt around here has the fiure around 150 to 300 laid-off. This doesn't include the 40 from my camp yesterday or the obliteration of the Trinidad camp.

These are men with famiies. They spent money in the local economies, bought houses and trucks, paid taxes, had benefits and 401k's. Now they're tax burdens.

Apparently the police had a prominent presence as well...in the event of unrest. There's your worker's revolt you ****tard liberals  ....except we don't count because we're evil Big Oil.

Right?

[Wretched Excess]

I thought that it was insane that colorado P&L was cutting back in your area when gas was $4.50 a gallon just a few months ago.

I had a very high opinion of haliburton until this week.

[SSG Snuggle Bunny]

I thought that it was insane that colorado P&L was cutting back in your area when gas was $4.50 a gallon just a few months ago.

I had a very high opinion of haliburton until this week.

We can't get work 'cause they keep laying down drill rigs; as you read. Halliburton doesn't drill we enhance the production of wells already drilled. If those companies aren't drilling or if the profit margin won't justify additional productions costs we don't get hired by the oil companies.

Also, the price you pay at hte pump vs what is trade in NY are different. Pump prices are predominantly foreign oil while commodity price in the US are from TX rates which get sold to foreign markets because the US doesn't have the infrastructure to use what we produce domestically. You know: that whole refinery kerfluffle.

Do us a favor...punch a hippy.

[Wretched Excess]

We can't get work 'cause they keep laying down drill rigs; as you read. Halliburton doesn't drill we enhance the production of wells already drilled. If those companies aren't drilling or if the profit margin won't justify additional productions costs we don't get hired by the oil companies.

Also, the price you pay at hte pump vs what is trade in NY are different. Pump prices are predominantly foreign oil while commodity price in the US are from TX rates which get sold to foreign markets because the US doesn't have the infrastructure to use what we produce domestically. You know: that whole refinery kerfluffle.

Do us a favor...punch a hippy.

do you suspect that the government is trying to suppress domestic oil production?

[SSG Snuggle Bunny]

do you suspect that the government is trying to suppress domestic oil production?

The new budget jacks oil taxes.

Cap and trade is in the offing.

Obama cancels leases already written on 100,000 acres in Utah by executive order.

Colorado Oil & Gas Commission raising fees and regulations.

Big dem campaign contributor GE gets primo $$$ from the "stimulus" to produce wind turbines.




Do I "think" the gov't is suppressing domestic oil production?

[Wretched Excess]

The new budget jacks oil taxes.

Cap and trade is in the offing.

Obama cancels leases already written on 100,000 acres in Utah by executive order.

Colorado Oil & Gas Commission raising fees and regulations.

Big dem campaign contributor GE gets primo $$$ from the "stimulus" to produce wind turbines.




Do I "think" the gov't is suppressing domestic oil production?

it was something of a sarcastic question, MSB.

[Chris_]

The new budget jacks oil taxes.

Cap and trade is in the offing.

Obama cancels leases already written on 100,000 acres in Utah by executive order.

Colorado Oil & Gas Commission raising fees and regulations.

Big dem campaign contributor GE gets primo $$$ from the "stimulus" to produce wind turbines.




Do I "think" the gov't is suppressing domestic oil production?

Don't forget, Comrade Salazar is the one who slid into the Secretary of the Interior with nary a peep from anybody - maybe he wasn't as deficient in his taxes as the rest of the cabinet.  And Comrade Ken has been the lone voice - standing virtually alone against the "uninformed" will of his constituents - here in Colorado crying out against the oil shale project in Rifle, as well as any and all new drilling.

Then we got his buddy in the Governor's mansion who just missed getting TWO substantial severence tax hikes passed onto the energy buying taxpayers here.

Liberalism isn't just a mental disorder, it must be contagious too, because this state has gotten damned schitzophrenic since I moved here.  One of it's biggest industries is energy production, and yet we have asshats in Denver and the People's Republic of Boulder that'll elect friggin' Luddite politicians who want to drive modern industry into the friggin' ground.

It's enough to make me want to go grab a stiff drink and throw some midget pron into the home theater.

[NHSparky]

do you suspect that the government is trying to suppress domestic oil production?

Suspect, hell--they ARE.  Look at a graph of domestic oil production.

LINK

[whiteguyPI]

I moved to GJ to work for a competitor in Sept(Frac Tech). Finally got to go back to Dallas over Christmas and New Years to pack up my house and finally move my things. Got back to GJ on Jan 5 and was laid off on Jan 9. Got screwed out of my moving bonus so the Dallas house is going into foreclosure. I'm driving a truck now OTR. **** that jug-eared Halfrican American!