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re: Recent Petroleum Grad Seeking Advice

Posted on 8/31/15 at 8:19 pm to
Posted by zeebo
Hammond
Member since Jan 2008
5193 posts
Posted on 8/31/15 at 8:19 pm to
Read success books. Stay with those that are highly recommended.
Get to Houston and work for free if you have to. Buy a sailboat for 10 k and live at the Marina for a few hundred a month.
Business is a great adventure but it is seldom portrayed that way.
Go to a friendly church. Find a mentor . Network. I promise you, you can find a job. You just have to be daring about it. The world opens up to those who are audacious.
If you heard all the old rich farts tell their business war stories you would
Be shocked at how everyone damned the odds and made their own luck.
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 8/31/15 at 9:01 pm to
quote:

Buy a sailboat for 10 k and live at the Marina for a few hundred a month.

interesting
Posted by LSUpetro
Baton Rouge
Member since Jan 2007
532 posts
Posted on 8/31/15 at 9:18 pm to
Wait it out.. I'd get a masters in PETE or an MBA until it turns around. Sounds like doubling down but you'll learn more in school than you will roughnecking.
This will also allow you a chance to more internships & get your foot in an operator's door.
This post was edited on 8/31/15 at 9:24 pm
Posted by ForeverLSU02
Albany
Member since Jun 2007
52147 posts
Posted on 8/31/15 at 9:27 pm to
I see that you edited
Posted by GoldenD
Houston
Member since Jan 2015
928 posts
Posted on 8/31/15 at 9:28 pm to
If possible, staying in school for a year wouldn't be such a bad thing for a PetE right now. Don't go into crazy debt or anything though.
Posted by LSUpetro
Baton Rouge
Member since Jan 2007
532 posts
Posted on 8/31/15 at 9:32 pm to
yeah i had to throw some positives out there... tough times
Posted by Macintosh504
Leveraging Salaries University
Member since Sep 2011
52515 posts
Posted on 8/31/15 at 9:38 pm to
If you don't have any connections your fricked right now
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5479 posts
Posted on 8/31/15 at 9:59 pm to
look into consulting. O&G is fricked right now.
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
87336 posts
Posted on 8/31/15 at 10:13 pm to
Even though you are PE try production chemicals
NalcoChampion
Baker petrolite
Clariant
Multichem
Xchem
Coastal Chemicals

Or stimulation services
Or artificial lift

Move to midland
Move to San antonio
Move to denver
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 8/31/15 at 10:16 pm to
quote:

Move to midland


Ouch.

quote:

Move to San Antonio


I could be talked into it.

quote:

Move to denver


Yes, please.
Posted by Forkbeard3777
Chicago
Member since Apr 2013
3841 posts
Posted on 8/31/15 at 10:42 pm to
- Don't fret over the GPA. Any employer worth his salt should know that GPA is just one of many factors in hiring an applicant and shouldn't be afforded more weight than others. For me, real work experience is more valuable than a measly GPA.
- Try the shotgun approach and apply and interview with as many companies as possible.
- I'm not quite sure how broad of a scope a petroleum engineering degree covers, but unless you are just "die hard" oil and gas, look outside the petroleum market if possible. A friend of mine (who I am almost positive is a chemical engineer) has done plenty of oil and gas work for Halliburton. See if you can work in different areas.
- Sadly, just give it time...jobs are tough to come by now.
Posted by Captain Rumbeard
Member since Jan 2014
4031 posts
Posted on 8/31/15 at 10:47 pm to
Too many guys in the market for that job right now who actually have a track record in it. Yes. Go get your hands dirty.
Posted by barry
Location, Location, Location
Member since Aug 2006
50336 posts
Posted on 8/31/15 at 10:51 pm to
quote:

Don't fret over the GPA. Any employer worth his salt should know that GPA is just one of many factors in hiring an applicant and shouldn't be afforded more weight than others. For me, real work experience is more valuable than a measly GPA.


What real work experience does an undergrad have?

Coming out of college, gpa is a more reliable source of success than any other data point. Its not the best, but its all you have that is worth a shite.
Posted by Forkbeard3777
Chicago
Member since Apr 2013
3841 posts
Posted on 8/31/15 at 11:18 pm to
quote:


What real work experience does an undergrad have?

Coming out of college, gpa is a more reliable source of success than any other data point. Its not the best, but its all you have that is worth a shite.


Example:
-Graduate Adam has a solid 3.5 GPA. He went to summer school throughout college and never worked or interned in oil and gas throughout his 4 years at State University.
-Graduate Bob graduated with a 2.7 GPA, but worked with our company, "Tigerdroppings Oil & Gas" for two consecutive summers and his final year of school at State University.

Assuming Graduate Bob was very good and proficient at his tasks assigned to him, he is typically a more desirable candidate in my opinion.
This post was edited on 8/31/15 at 11:20 pm
Posted by PrideofTheSEC
Baton Rouge
Member since Apr 2012
4979 posts
Posted on 8/31/15 at 11:59 pm to
quote:

Maybe you can engineer some big macs?
Posted by Jones
Member since Oct 2005
90425 posts
Posted on 9/1/15 at 12:41 am to
quote:

but I know there are a lot of people that post here with lots of experience in the field and I figure I should exhaust all my options.


For the past few years on the OT, half of the talk about the petroleum industry was pete undergrads bragging about they will all be making 80 grand straight out of college.

Hopefully they chime in and help although I haven't seen any in the thread so far
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92876 posts
Posted on 9/1/15 at 12:41 am to
My advice is get into a sales job. If you are smart you can make WAY more staring out.
Posted by lsutiger2010
Member since Aug 2008
14790 posts
Posted on 9/1/15 at 2:10 am to
(no message)
This post was edited on 10/20/21 at 11:34 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 9/1/15 at 5:13 am to
For a major operator (your Exxon's and such), GPA is the absolute only way to get a look. You better have at least a 3.7 I would say. The rest of the operators, I wouldn't feel comfortable at all with anything less than a 3.2. It's tough out there.

Service companies are definitely more flexible. And once you're in, they don't even think about your GPA. Tougher work, but you can be making close to the same salary in a few years (or at least over the last few years when times were good).

As far as PETE being flexible to get other types of jobs, that's the problem with PETE. It's such a focused degree. Yes there's a lot in the oilfield (production, reservoir, drilling, completions), but it's very narrow compared to mechanical, civil, and chemical engineering. Those guys can work in unlimited industries. You roll the dice a bit looking for the big payoff. It's not working now, but it will come around. I was graduating and had an offer for several months when Macondo happened a few weeks before walking across the stage. Luckily it did not cause my employer to pull the offer, but you were sittin on your thumbs for months. Within 2 years we were shattering records for work per month. It always feels like everything is in the shitter, but it turns around before you know it.
Posted by yellowfin
Coastal Bar
Member since May 2006
97607 posts
Posted on 9/1/15 at 5:56 am to
quote:

by lsu480
My advice is get into a sales job. If you are smart you can make WAY more staring out.




You don't just "get into" a sales job in oil and gas. Those guys have usually been around for years and have connections all over the industry.
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