Welcome back to another episode! This week’s episode is our First Friday Q&A for April. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month’s FFQA, click the link below. Enjoy! Have a question? Click here to ask
Show Notes & Links:
My name is Jake and I’m a finance student at BYU. I recently started to listen to your podcast and have found it extremely helpful, especially as someone who is just getting into the oil and gas industry.
I’m a sophomore at my school and am going to recruit for oil and gas investment banking in Houston in just a few months. I’m reaching out to see if you have any suggestions as to firms that are still hiring interns in the Houston area. I’d be more than happy to send you my resume or talk if you have a few minutes.
Hello Jake and Mark,
I am currently a hydraulic fracturing field engineer working for an oil services company in Wyoming. I have a BS in Petroleum Engineering and my ultimate goal is to start my own company as an oil and gas operator. I feel that learning the business from an E&P standpoint is a vital step towards my goal, moreover I would also like to get out of the field and work a more traditional schedule. My wife and I would like to move to Houston, and for some time I have been applying to many operator jobs in that area with no success. It seems that most companies do not want to hire me for positions requiring no experience, however they do not want hire me for experienced positions as they do not view my experience as relevant to an E&P. Any advice you have on how to move from services to operator side would be much appreciated.
Love the show; you guys keep me entertained during many long drives to location.
Greetings Mark and Jake,
I started listening to your podcast last week because I am seeking a career change into the oil and gas and want to learn as much as I can about the industry. I heard you request write in questions so here’s mine: What advice can you give me in regards to finding a sales position if I have no prior experience in the industry?
I am 40 years old, smart, diligent, & charismatic. I have a bachelor’s degree in chemistry. For the past 10 years I have been employed at a single research firm in the Denver area. The closest I have come to oil and gas is working on refrigerator sized petrol-processing rigs testing new catalysts and the like. I have hit a career ceiling with my current employer. Regardless of how much overtime I work and how much I commit to my position I am unable to increase my salary substantially. I even drive for Uber on the weekend and rent a room in my house for additional income. I’m no slouch when it comes to work ethic. However I am now convinced my career is a dead end and I want to pursue a sales position where the harder I work the more money I make. I am absolutely impressed with the culture of those I have met employed on the business side of the oil and gas industry. Everyone seems to work very hard and thus provide for their families. After 10 years in my current field working lonely long hours in a lab I am galvanized to pursue a career where I can be of service to others applying my interpersonal and technical skills to build relationships and solve problems under pressure.
Ideally I envision working from my home city of Denver and traveling within a surrounding territory. The idea of driving or flying from my home base to remote locations to assist others with solutions to their needs sounds so exciting I would drop my current position this week for such an opportunity. However every sales position ad I see requires prior sales experience, which technically I don’t have. I’m confident I can get after it and be successful with the right opportunity.
What do you recommend for someone like me, at my age, who is motivated, without any direct sales experience to get involved in oil and gas equipment sales?
My other question is what I should expect given a coming recession and the possible political change in this country? The political climate in Denver seems to be anti-oil and gas and that is a worry. What did the 2008 recession do to people in my situation? Any advice you can give would be greatly appreciated on or off air. Thank you for the work you’re doing with this podcast. I’m already learning a lot and can’t wait for the next episode.
Love the show guys. I listen because a majority of my clients are in the industry and it allows me to stay up to speed with what’s happening. With the recent acquisition of Anadarko, do you believe the door is open to similar sized companies being acquired in 2019?
Hi, I heard y’all mentioned the idea of an online platform for acreage swaps recently. I wanted to let you know that my company Shalebox is doing just that. I’d love to discuss it with you! Let me know!
Mark and Jake I’m a first time listener to the podcast and I’m already hooked. Keep up the good work. Question for Jake. I just started my career as a petroleum engineer at a large operator. I have a vision of starting my own operating company once I get 5-10 yrs of industry experience. What were the steps you took to start your business and what advice do you have for someone looking to get into the operating business?
I am a process engineer working in O&G and love your OGGN podcasts a lot. I have two questions to ask:
1). From the podcast I heard there might be some volunteer work needed for OGGN and would you please provide a bit more details on what works the volunteer typically does for OGGN? How to become a volunteer for OGGN organization?
2). Also from the podcast I see you organized the happy hour event monthly which is pretty cool. Any suggestions on how to social effectively in such event? I am pretty technical oriented from my career perspective and was not involved a lot in a social event like this. Any tips or suggestions are greatly appreciated.
Thanks a lot for your great effort on these wonderful podcasts and greatly appreciate all high-quality stuff you guys delivered as always. Great work guys and look forward to having the new Permian perspective podcast soon.
All the best,
What is the best way for Midstream to catch up with production in the Permian?
Hi guys please keep my info anonymous (for on air purposes)for the time being,
I recently inherited a large sum of money of which I would like to reinvest and/or purchase an existing small company (with the intention of being mostly hands off). I’m marginally involved in the Oil and Gas industry, but far from an expert… I plan to continue in my current role (which is more ag centric) until I’ve completed grad school which my company is paying for.
That said, I’d like some guidance as to where to start… I know, I know Thai all sounds way too vague, but if nothing else I can promise the money is real! Lol
I enjoy your show and look forward to your response.
Weekly Rig Count
As of 3/31/2019 – The American Rig count is 1024 active rigs.
Monthly Happy Hour
OGGN is always accepting Happy Hour sponsors. If you would like to get your company in front of our large young, professional audience, reach out to our Project Coordinator, Julie McLelland by e-mail.
Sign-up for your chance to win a T-shirt with a unique serial number. This means each shirt is different making it an awesome collector’s item! Plus it comes inside an official OGGN insulated tumbler.
At the end of the year we will have a drawing to win our grand prize! This will be a pool of all of the serial numbers on the t-shirts! The grand prize will be announced a bit later in the year!
We are excited to announce we are launching a brand new podcast, Permian Perspective sponsored by BHGE. Join us for a launch party and kick-off to the Permian Basin Happy Hours! The launch party will be on April 23rd, 6 PM at Midland Beer Gardens. RSVP here!
- Oil & Gas Smart Contracts Conference | Launch of Oil and Gas Tech Podcast |May 15, 2019
- Mergermarket Energy Forum | May 21, 2019
- Golf for Good — Sponsorship or Attending | June 11th, 2019
- Shoot For the Future | July 26th, 2019
- NAPE Summer | August 21-22nd, 2019