Alberta Oil Jobs

[Big Grey Wolf]

Good news guys Brent crude is pushing $70/bbl today even WTI is over $66/bbl. and Western Select is $52/bbl. OPEC will not increase production. "Drill Baby Drill"

[sns2]

Damn we need good news

[bdub]

Lots of turnaround work this spring in Canada going to knock another half million bbls off the market for a while. Should wcs may end up where wti is today this spring/summer.

[MountainTi]

And of course natural gas is holding steady at a decent price. High natural gas prices gave us the Ralph bucks and the windfall of royalties. Might be our savior once again

[Drewski Canuck]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski

[Bigwoodsman]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski


Sadly you are correct in this.

BW

[Sundog57]

The good news is that Turdo and his HenchPersons? can't dictate the world price or world demand.
However this is probably the last go around so time to live up to the "Please God give me another oil boom and I promise not to **** this one away"

[elkhunter11]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski
The ironic part, is if Trudeau succeeds in destroying Alberta, and we go bankrupt, who will pay the equalization payments? Either they cease, or Ontario will have to pay them, either way, Trudeau loses votes.

[pinelakeperch]

Doesn't have much of an effect on my career, but it does have a large effect on friends, family, and fellow Albertans. I'm happy to hear that things are looking up for you guys :sHa_shakeshout:

[Big Grey Wolf]

Brent crude hit $73/bbl today. Yemen fired bunch of rockets at Saudi Aramco oil facilities. Maybe Biden might want to let a Secure Canadian pipeline for low priced Western Select oil from Alberta be completed now.

[fishtank]

timely...

[Drewski Canuck]

The last thing Biden will do is allow Keystone XL to be completed. Simply put, too many Champagne Socialists supporting the Democrats to offend by doing something NON GREEN!!!

Biden's other problem is that he needs JOBS FOR AMERICANS. Even though he slaps the Oil Industry in the face with one hand, he has to pat the Oil Industry on the back with the other. They will have to drill alot of wells to replace the dwindling US reserves from shale oil. Biden will let that happen.

But as for Alberta Oil Jobs, you're kidding, right???

The big employers are Oil Sands plants at Fort Mac. Those companies are slowly winding down or in alot of cases, are running very fast from Canada.

If you added up all the shut down and unfinished / abandoned facilities you would quickly see about 10 Billion dollars of wasted investment. Do you really think the Boardrooms of the Oil Industry will even allow the mention of these skeletons? Justin Trudeau is very much hated by the Companies like Shell for instance.

Shell abandoned the Carmon Creek Project near Peace River after TWO BILLION of Investment. Shell DEBOOKED 418 Billion Barrels of oil from that project alone.

Shell stated that the lack of Pipelines to the Coast was part of the decision on October 27, 2015. The key pipeline for Shell's Carmon Creek Project was Northern Gateway to Prince Rupert. Thank PM Justin Trudeau for that gift to Alberta. Deputy PM Chrystia Freeland will not be waving any flags for the Alberta Oil Industry either, even though she is from Peace River and knows what the loss was to her community.

No one has ever stepped forward to re start ANY of the mothballed Oilsands Projects despite the Billions spent and walked away from. I wonder why?

So tell me again why any Company would ever invest in Alberta's Oil industry to create Jobs in the current political climate in Ottawa?

Hope is eternal, but so is the Liberal Curse for Alberta.

Drewski

[tbiddy]

I work on the service side of drilling around the Provost/Veteran area. Sounds like we should have a decent drill program after breakup. It’s been along stretch. Savings have been decimated but if a guy can get a decent program this year, the coffers should be topped up.

[does it ALL outdoors]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski

Spot on...

The ironic part, is if Trudeau succeeds in destroying Alberta, and we go bankrupt, who will pay the equalization payments? Either they cease, or Ontario will have to pay them, either way, Trudeau loses votes.

I'm thinking taxes on Weed have been a huge help to that clown, without that he might see the situation for what it really is. Just embarrassing :angry3:

https://globalnews.ca/news/5403579/cannabis-taxes-brought-in-186-million-in-five-and-a-half-months/

Of coarse, this is just a drop in the bucket to what that Bafoon is giving away to the rest of the world with nothing in return.

171542

[Smokey]

Maybe Greta's head might blow like a swedish meatball flying out a toaster if we get an Oil Boom. Its overdue. Time to put a lift in my truck .:sHa_shakeshout:

[jstubbs]

Most importantly WCS trading at little discount and mid $50 range

All we need is price consistency at that level

IMO

[jstubbs]

Brent crude hit $73/bbl today. Yemen fired bunch of rockets at Saudi Aramco oil facilities. Maybe Biden might want to let a Secure Canadian pipeline for low priced Western Select oil from Alberta be completed now.

I think you're partially right but it's more likely Biden flip flops on his fracking stance way before KXL. Way easier to sell it to the masses from the homeland security energy independence angle

Plus makes way more sense to replace the light sweet Saudi crude feedstock going into those Gulf refineries with light shale crude rather than heavy sour WCS... need Mexico's oilfields to go offline rather for that

[Reeves1]

Biden's other problem is that he needs JOBS FOR AMERICANS. Even though he slaps the Oil Industry in the face with one hand, he has to pat the Oil Industry on the back with the other. They will have to drill alot of wells to replace the dwindling US reserves from shale oil. Biden will let that happen.


Drewski - he signed an EO banning all drilling & fracing on Fed owned land.

[Drewski Canuck]

Yes Biden did sign an Executive Order on Federal Lands. That was largely targeting the North Slope Alaska drilling in the National Park.

However, there is alot of drilling on Private Land in the lower 48. Biden does not care about offending Alaska as it is a Republican State (Gee, sounds familiar to the Ottawa - Alberta relationship!).

But even Sleepy Joe knows the demand for oil is not going away, and will create US Jobs for his term as President.

Drewski

[Reeves1]

Yes Biden did sign an Executive Order on Federal Lands. That was largely targeting the North Slope Alaska drilling in the National Park.

However, there is alot of drilling on Private Land in the lower 48. Biden does not care about offending Alaska as it is a Republican State (Gee, sounds familiar to the Ottawa - Alberta relationship!).

But even Sleepy Joe knows the demand for oil is not going away, and will create US Jobs for his term as President.

Drewski

Buddy in TX said he did it there as well.

No idea what Sparkle Socks will do (from day to day - except it will be to harm AB) , but drilling around Westlock County this winter, many wells have been drilled. Shallow stuff here though.

[NCC]

If Sleepy Joe bans fracking (which I doubt he will), WTI price will go to $150.

[Sundog57]

So having been through the ups and downs since about 1980, I have been thinking about the likelihood of another price spike.
It's the famous hog/corn cycle...
Historically, demand picks up with increaed economic activity, the price starts rising, exploration picks up, demand continues to rise, the price spikes, exploration goes wild, the economy slows down due to the oil price just as more expensive production is coming on-line, the price tanks, the oilcos need to conserve cash so exploration stops and they let everyone go, the economy starts picking up because of low oil prices, demand outstrips supply, rinse and repeat.
The speed that the industry can react has been affected by availability or lack of qualified/experienced personnel.
Typically during a slowdown, the oilcos and service cos shed everybody and then when things start looking up, they have lots of opportunity but no people.

I am wondering about the current environment.

There must be a lot of people who have given up and left the industry or retired and fewer kids are coming in.

The situation will be exacerbated by the amount of time sensitive training that is now required before anyone is allowed in the gate. Training for, you name it, Basic/Advanced Safety, TDG, H2S, First Aid, Basic and Advanced, Confined Space, Drilling Simulator etc. etc. etc. is now expired because folks have been out of work and who cannot go back to work until they recertify.

It has been my experience that none of the oilcos or service companies will pay for this until it is needed and then they want it yesterday.

Invariably this slowed things down in the past and I don't doubt that the enhanced level of training required now is making that situation worse.

What is anyone seeing out in the industry?

[pikeslayer22]

Was on a few drilling rigs this winter as a service hand. All in Grand Prarie area and it seems busy. I’d say 80% of hands are from out of province. Guys flying back and forth out east and majority from BC. The few rigs I was on stayed busy throughput the slump and have work for the foreseeable future.COVID rules are basically exempt or very lax.

[kingrat]

My 18 year old with no experience, got his first aid, h2s and whatever else he needed, applied at 6 different outfits and within a week 3 contacted him to start asap.
This is the service rigs I'm talking, sounds like hard work but for 30 an hour that's gold to an 18 year old plus overtime.

[Trochu]

My 18 year old with no experience, got his first aid, h2s and whatever else he needed, applied at 6 different outfits and within a week 3 contacted him to start asap.
This is the service rigs I'm talking, sounds like hard work but for 30 an hour that's gold to an 18 year old plus overtime.

I'd say a starting wage of $60k+ for zero experience and the cost of FA and H2S is solid for anyone.

Good for your kid for getting out there.

[big zeke]

Would be interesting to see how much of his work will be on well closure (abandonments) vs working on active wells. The ABEX work (while currently funded) has no long term payout, it's just tidying up old liabilities. Not sure I'll live long enough to see the next megaproject announced.

No doubt, the Deep Basin stuff and any other high decline play forces you to drill to fill. If those areas ever slow down it's usually death.

Tell the young fella to salt away a few bucks for later.
Zeke

[Sleddawg]

My 18 year old with no experience, got his first aid, h2s and whatever else he needed, applied at 6 different outfits and within a week 3 contacted him to start asap.
This is the service rigs I'm talking, sounds like hard work but for 30 an hour that's gold to an 18 year old plus overtime.

Good for him!! As a service rig hand turned completions consultant I suggest spending a couple years doing that saving money and then get a trade and get out!!

[chickensashimi]

How good is it looking? Like growing the camaro crash helmet out good?

[Outbound]

I saw two frac convoys rolling out of GP yesterday. One was STEP. Couldn't tell what the other was, maybe Trican? I like seeing them moving. Been awhile since I've seen 2 in one day.

[German]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski


You hit the nail on the proverbial head on this one.

[barsik]

Who cares what the price of oil is? The Federal Government has done everything it can to make sure that the oil will not SELL!!

Canada has a Political Climate that is POISON for National Oil Companies operating in Canada as well as Multi National oil Companies operating in Canada.

The Feds have secretly smiled as the US Paid Lobbyists got front stage on CBC to shut down the Oil Industry. The Feds have secretly smiled as the Paid Hereditary Chiefs managed to strangle hold Canada even though the ELECTED BAND COUNCILS supported the Natural Gas Pipeline to Kitimat.

Of course, now that the Country is spiralling into debt, maybe the GOC will have a change of heart and realize that the Northern Gateway Line is a top priority for Canada.

Lets face it, Quebec and Ontario won't be paying the debt any time soon.

Drewski



I think the intent IS to make sure the debt never gets repaid. the central banks make their profits from usury and debt. it's like running up your credit card and only paying the interest every month, except everyone has to pay it. that money is your blood sweat and tears...every month, and also your children's blood sweat and tears. it's worldwide.

[Drewski Canuck]

The idea that the World can continue to simply print money to feed the debt machine misses one very significant point. INFLATION!!!!

You see, at some point a Nation's ability to buy other Nation's goods with an exchange of currency runs into the fact that much of the Purchasing Nation's GROSS DOMESTIC PRODUCT has to be applied to Debt Servicing. That means the Purchaser Nation either does not purchase foreign goods, or the Purchaser Nation has to print more money and hope that the Seller Nation accepts the exchange rate.

A Seller Nation's only interest is to get the most it can from the available Purchaser Nations. With that exchange of currency for goods, there is an equalization of TRADE or a Deficit of TRADE.

If there is no equal exchange, one Nation has a Trade Deficit that will mean the other Nation has MORE of the other Nation's Currency to purchase goods with from the Deficit Trade Nation.

When the Surplus Nation starts to spend the Foreign Currency on future goods purchased, you have prices rise in commodities sold by the DEFICIT NATION.

For the PEOPLE of a Deficit Trade Nation, they now have to pay More for the same goods that are being exported, leading to INFLATION, decline in standard of living, increased taxation to support Government Debt, and a decline in productivity for the Deficit Trade Nation.

Sorry, I do not subscribe to Canada's CHIEF ECONOMIST Justin Trudeau's point of view that Budgets balance themselves.

But then again, I am not an Heir to a huge Trust Fund. I work for a living.

Drewski

[1899b]

Something is a brewing. Ledcor just bought 13 heavy haul trailers from us. Nice to see. Shop is full and rentals and sales are up...