AREA |
LAST COUNT DATE |
COUNT |
CHANGE FROM PRIOR COUNT |
DATE OF PRIOR COUNT |
CHANGE FROM LAST YEAR |
DATE OF LAST YEARS COUNT |
UNITED STATES |
5/17/13 |
1769 |
+0 | 5/10/13 |
-217 |
5/18/12 |
CANADA |
5/17/13 |
118 | +5 |
5/10/13 |
0 |
5/18/12 |
USA OFFSHORE |
5/17/13 |
52 |
+2 | 5/10/13 |
+5 |
5/18/12 |
INTERNATIONAL |
04/2013 |
1301 |
+33 |
3/2013 |
+123 |
4/2012 |
World Oilfield Forum
At long last I have finally been able to procure my own tools and want to start my own gig. I have contacts to explore as far as getting business is concerned, I have friends/colleagues that I can bring on as employees/consultants, and I have experience to back up my business goals.
The issue is that I am wanting to cover all of my bases and ensure that I don't appear clueless about the business side of things when I go talk to these people about hiring my company to drill their wells.
I have gotten answers to just about all of my questions thus far. The main ones that remain, that I hope can be answered here, pertain to MSA's and contracts with "company x".
How do you go about getting a MSA between a new company and a potential client? What needs to be done and what steps need to be taken? What paperwork is involved? Are there any bad things that I need to be aware of? Ideas? Thoughts? Let me know what you know.
The only other thing I would ask is that if you have any sound advice or comments about what I am trying to do, please don't hesitate to comment.
Thanks!
Views: 884
Permalink Reply by Trevor Cross on Is this what your talking about with MSA's?
Permalink Reply by Travis Baker on Travis, good for you on starting your own gig and following your dreams. On getting a MSA, first you will need to have potential clients that will be most likely to use your services. I work on the Business development side for Sperry/Halliburton. I have gotten 3 MSA's done in the last 4 years. It is a tedious process. You don't need to worry at all about a MSA until you actually procure work from a client. Right now, you should keep your boots shined and hustle up work for your kit or kits. They will more than likely have a work order agreement that you will have to fulfill, depending on what company you want to work for it could be anywhere between 10 Mil_USD all the way to 60 Mil_USD due to not only being covered on the fact that a mistake could be blamed on a guy that cost a well, but possibly they would want you to cover the rig and assets on location and in some cases the asset you might be drilling on.
If you have been in the field, you understand tracking your respective companies charges and ensuring the ticket gets signed. The sales cycle in the city is a whole other world. I'm not trying to distract you, but be real with you. If you are calling on people to get work, it takes money and time and then you have to ensure all telemetry and your motors or RSS will perform and understand that you or your people cannot afford a mistake. I have negotiated credits from the smallest outfits all the way to the SHells and Chevrons and let me tell you, mistakes or tool failures will put a small directional company out of business. If you have the tools and a few contacts to call on, now focus on the sale and promoting the value of using your services and dont worry right now about MSA's because that's putting the cart way before the horse my friend. This will help you.
1. Identify the opportunity
2. Do your homework on your clients (Make agreements with motor companies because you will need a variety)
3. Pursue the opportunity
4. Close the deal (ALso Be ready to not be paid for 60-90 days)
5. Perform a quality service at the wellhead.
I hope this helped you understand more about why you have other work to do before you worry about any sort of MSA or contractual agreements. Best of Luck and Happy Trails.
Randy Guice
724-207-3976
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