[Smittie]

Will there be layoffs?

There's always layoffs in the oil industry at one time or another. You gotta plan & expect that if you seek a career in that field. You can make a lot of money for a while but you better put some aside for down times.

[broken_arrow1]

Will there be layoffs?

I think you can count on it. Resources would need to be shifted to the onshore Permian Basin from somewhere else,...likely from offshore deepwater exploration.