Oil aand gas needs experience | TigerDroppings.com

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Evolve
LSU Fan
Texas
Member since Aug 2012
1557 posts

Oil aand gas needs experience



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Interesting times ahead for those of us in the energy industry







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cwill
New Orleans Saints Fan
Member since Jan 2005
25845 posts

re: Oil aand gas needs experience


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.





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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3296 posts

re: Oil aand gas needs experience


quote:

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.
Same here... good job security.






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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
818 posts

re: Oil aand gas needs experience


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.






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cwill
New Orleans Saints Fan
Member since Jan 2005
25845 posts

re: Oil aand gas needs experience


I've seen a lot of guys retire from the majors, mid- majors at the 55 retirement age and then go to work for another company...sweet deal for those dudes.





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evil cockroach
LSU Fan
27.98N // 86.92E
Member since Nov 2007
5126 posts

re: Oil aand gas needs experience


quote:

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.
this, not too many companies want to hire a new engineer , pay him 65-75K starting out, only to have him "train" under a seasoned vet. It sucks cause we need this knowledge to be passed down.



This post was edited on 6/23 at 10:38 pm


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tiddlesmcdiddles
LSU Fan
Lafayette, LA
Member since Apr 2013
1047 posts

re: Oil aand gas needs experience


quote:

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.


this

quote:

this, not too many companies want to hire a new engineer , pay him 65-75K starting out, only to have him "train" under a seasoned vet. It sucks cause we need this knowledge to be passed down.



bingo.

i see this in at my company too. there is a large age gap from top to bottom which means large experience gap as well.

we do hire a lot of engineering interns starting around their 3rd-4th year in school so when they graduate they can continue working on the projects they were already working on which seems to work really well. it somewhat eliminates or reduces that training period






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vodkacop
LSU Fan
GOM
Member since Nov 2008
2088 posts

re: Oil aand gas needs experience


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.





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16821 posts

re: Oil aand gas needs experience


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 at 1:00 pm


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barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
38799 posts

re: Oil aand gas needs experience


As an engineer with 7 years at a major service company and working on my MBA, I plan to take full advantage of this gap.







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SeaPickle
LSU Fan
Thibodaux
Member since May 2011
744 posts
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re: Oil aand gas needs experience


Im one of the young engineers (25yr old) in O&G. We have 3 others under 30yrs old and the rest of management is 45 yrs old or older. The knowledge gap will never be filled by the time they retire becuase they have all been doing this since they were fresh out of high school.


This post was edited on 6/24 at 1:44 pm


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Moustache
Kansas State Fan
GEAUX TIGERS
Member since May 2008
18620 posts
 Online 

re: Oil aand gas needs experience


I'm not an engineer, but I've been in sales and management in the steel industry and will start my MBA soon. Hopefully there can be a spot for me somewhere in the energy industry.





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