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  4. Sixty Six Oilfield Services, Inc. (SSOF) Message Board

"From what i saw over there i would guess 35-40 fu

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Post# of 235
(Total Views: 693)
Posted On: 10/28/2018 2:20:46 PM
Posted By: WinstonNC
"From what i saw over there i would guess 35-40 full-time employees across all 3 companies.

When the sourced rigs hit the yard to be refurbed they will fill their immediate needs with contractors, with most of their welders, pipe fitters, and heavy equipment operators coming via that route. They will need to hire some full time project managers and support help. Bo will be one of the lead mechanics as he has been with Marshall for more than a decade and knows every facet of rig building and repair. And highly paid crane operators will need to be hired.

If they work on 3 rigs at once like the photo we saw when they were filling that Louisiana order, we could see 30-50 welders on-site at once. I will be stopping through OKC regularly and report back to the board, and i will have photos once the sourced rigs arrive.

I sleep well knowing that Marshall, Clayton and Joslin have 37 refurbished oil rigs under their belt with the cheapest ranging from several millions up to the $21 million rig job they completed for the Russian company. That one came complete with a $1 million chicken coop, slang for the operator's room, with all brand new digital computer controls, wiring, and avionics, and track wheels not unlike tank treads, so the operator could move or drive the rig to a new location over night. Really cool technology. How sweet would one of those look on a quarterly report?"

That kind of expertise is very difficult for a new entrant into this market to buy. Customers want to know you've done it before prior to forking over checks for millions of dollars.

Just hold tight and enjoy the ride.

update from ChaseDog who visited SSOF hdqtrs.


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