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Oil aand gas needs experience

Posted on 6/23/13 at 8:11 am
Posted by Evolve
Texas
Member since Aug 2012
3117 posts
Posted on 6/23/13 at 8:11 am
article

Interesting times ahead for those of us in the energy industry
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 6/23/13 at 3:09 pm to
I'm in the missing middle group...when I meet anyone my age I always ask them how in the hell they ended up in the industry....Most of my work friends are either 15 yrs older than me or about 5-10 yrs younger. Good spot to be in.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3806 posts
Posted on 6/23/13 at 4:23 pm to
Been hearing this for a few years now. I'm in the younger range, and have seen decades of experience walk out the door and retire. However, we've been quite lucky since most have chosen to work well past eligible retirement age (our company's benefits kick-in at 55). I've also seen the mid career guys we bring in, and are IMO unqualified. Maybe the market is tough to bring in those guys and the selection is scarce.

Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
Posted by vodkacop
Louisiana
Member since Nov 2008
7856 posts
Posted on 6/24/13 at 12:22 pm to
Plus a lot of businesses in the gulf are booming right now. We went from one boat and having to many people in 2009-2011 to 3 boats and having to hire contractors. Hopefully it stays this way for a long time. Not to sure about the experience factor though in our work. Some of these older guys just can't grasp the new equipment that comes out. Since I been offshore I have seen the equipment change drastically since 2000.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72937 posts
Posted on 6/24/13 at 12:50 pm to
20 years experience in o&g for me and i might put in 30 more years because i enjoy it regardless how much i am making off my real estate, stock dividends, futures, etc. we'll see that is a long way off though and things can change overnight
This post was edited on 6/24/13 at 1:00 pm
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