Show Notes & Links:
Hey guys, Sorry to bug you. I just wanted to say thank you for putting me in contact with Brady Reece. I just finished going through the interview process and am going to intern at their firm next summer. I also can’t tell you how helpful the show has been in learning about the industry, I look forward to it each week. Thank you again for taking the time to help out, I really appreciate it.
New listener, and this is what I’ve been looking for! Great insight and great wisdom! I’m a recent petroleum engineering grad from Penn State, and I wanted to know if you guys could give me some insight on what to expect in the job market. I Minored in Energy Business and Finance and I find myself drawn between being in the business side of oil and gas vs the engineering side! Could you guys give me some advise on how to go forward?
I’m not quite the most traditional listener of your podcast, but I’ve been listening for roughly the past 8-10 months now and have really enjoyed your content. I am a law student that is entering his third, and final, year of law school. I’m wanting to end up working within the energy field, and I have focused my studies accordingly and will be graduating with a specialization in Energy and Sustainable Development. This past summer I interned within the legal department of Cabot Oil and Gas. I’m having trouble finding opportunities to apply for legal jobs though, and would like any advice you guys could give me. Thanks for your time.
Big fan of the podcast. I’ve only been listening for 1 week but I’ve already gone through and listened to all First Friday Q&As available on my podcast app. I work in the UK for a bank within their commodities trade support team specialising in physical and financial crude and products. My career goal is working in the U.S./Canada as an oil scheduler/logistician (preference towards ocean and rail). Having spoken with the traders in my company they advised the best way is to try and transfer to a junior front office position and eventually get to a bank-version of a scheduler role. My question is what are some good midstream resources which will help me develop the skills/knowledge for a scheduler/logistician role? Also if you have any advise for moving from a banking support role to Midstream that’s be great too.
First of all, great work on the podcast, I’m a regular weekly listener who has been working in upstream for the last couple of years. I listened to last week’s podcast and felt your response to the Engeineer who felt the industry isn’t diverse was not reflective of the reality in the field as many of us see, and there are deeper issues that will keep it that way. I realize that West Texas has a more diverse workforce than most of the rest of the country. I am on my third rig contract in the last few years. On every rig, I have heard constant racist commentary and open racial epithets from nearly a third of the workforce, many directed right at our non-white coworkers. This extends up through company men from majors, and the individuals who have 20+ years of experience and the most authority are more likely than not the worst offenders. I’ve worked for large and small companies over the last few decades and in my last role managed 8 states for a Fortune 500 before coming to Oil and Gas. I’m not exaggerating in saying that any employee of color could walk off one of these rigs with an airtight lawsuit in hand for hostile work environment. I even currently work with a mixed coworker passing as white due to very a aggressive racist screaming from the most senior person on our team specifically towards his race. He probably won’t be on our rig much longer but the guy with 3 decades of experience will, another loss of the young good employees our industry needs. Maybe your exposure has been far different, but I hear more comments I’d have to fire people for or write them up for denigrating other races in 3 months in oil and gas than in my last 2 decades combined, it’s a weekly occurrence. That’s in no way an exaggeration; I’ve handled that discipline before in industries that were also largely white and there’s simply no comparison. It’s the top current driver for me to want to leave the industry, and the main reason I can’t in good conscience suggest anyone else look at working on a rig or probably O&G as a whole. I’ve worked with hundreds of great guys, but a third of these teams are simply not employable at any other company following basic employment discrimination standards, and it shouldn’t be in ours either.
I am a 5th generation oil and gas producer. I do not agree with you on the diversity in the O&G industry on your August 28 show. When I started in the O&G business full time, I was the only woman under 40 in the room. Most of the time, I was the only woman in the room period. While I agree with you that the industry has become more diverse, I don’t believe it has come far enough. I attend NAPE in Houston every year and have for the last 15 plus years (in fact the first show I went to as a very young woman “booth babes” were still ever present) ; only in the last 3 years have I been able to recognize a variety of race and gender. BUT I think it’s important to note that while diversity has grown in the last 10 years, the higher you go up the company structure the less diverse. I hope that as the industry’s current white male dominance ages out of the industry, we will begin to see an increase in diversity of the C level within the industry.
A doghouse is not crew quarters. It is where the the rig is run wether it be a cyber rig or an older rig with a manual break
Hey guys, thanks for putting out a fantastic podcast every week. I started listening to your podcast a couple of months ago as a way to better understand the industry and be better positioned to market myself as an oil and gas attorney. To provide some context to my situation, I am a relatively new attorney and I began working in the oil and gas field last fall primarily doing title examination for a boutique firm in Houston. I have found the need to attract potential clients for my firm and/or search for other employment opportunities in the industry. My limited experience in the industry is my greatest weakness. I constantly hear about the need for young talent as the older generations are ready to retire,however, I do not see this trend in the legal field. What is your input on the market conditions for legal professionals in oil and gas? What suggestions can you give to assist me in finding a legal position and attracting potential clients considering my limited experience in the industry? I realize networking is pivotal in order to be successful in this industry. I am slowly growing my networking circle as I am constantly asking industry professionals for advice and insights on their personal journeys to current success. I am very inquisitive and driven to learn as much as possible in order to remain in oil and gas. What else can I do in order to get this much sought after experience when few are willing to provide it? I appreciate any feedback you can give. P.S. Jake to make life easier when trying to say or remember the name of Mexican President, Andrés Manuel López Obrador, just refer to him as “AMLO” as we call him. (I won’t try to write the pronunciation as I am afraid of butchering it completely.)
Do you think IMO 2020 will put a premium on WTI due to its sweetness? Follow on harder question. Currently refineries in the gulf south are optimized to process heavy sour crudes. Do you think the extra sulfur content constraint imposed by IMO 2020 will force refiners to optimize their processes around WTI? Love the show. Its been a great way to sum up headline events in the O&G industry while I work to complete my Master’s in Energy Management at Tulane’s Energy Institute.
Just a quick question. The Netherlands is going to end gas production completely in 2022. My sources in the Ministry tell me they worked it out. My gut feeling says it is not going to happen. No offense. But a compensation for Shell and ExxonMobile of 90 million EUR? Next year lost profits is 360 million to 380 million. So my questions:
- Do you think it is happening and is gas country The Netherlands going off the gas,
- Why are the NAM shareholders accepting such a small compensation payment,
- Where will The Netherlands get its gas for heating from,
Do you know of any oil & gas exploration activities happening in the Greater and Lesser Antilles region of the Caribbean/Atlantic? If not, what is holding back the exploration and development of this region of the world?
Hi Mark and Jake, Most industry folks cringe when anyone brings up the idea of Warren’s fracking ban, but isn’t fracking what turned the industry upside down by dramatically increasing supply? Do you think it would be a net negative for US oil & gas jobs if fracking was banned or severely curtailed in the US, even though it would cause natural gas and oil prices to skyrocket overnight and those prices would drive massive investment in conventional oil and gas?
Weekly Rig Count
As of 09/22/2019 – The American Rig count is 908 active rigs.
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