Where do you see o&g headed in the future? | Page 4 | TigerDroppings.com

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TheIndulger
LSU Fan
Member since Sep 2011
11349 posts

re: Where do you see o&g headed in the future?


quote:

They pay less in Laffy because the jobs are lesser jobs


A geologist or engineer for an oil company in houston and lafayette have the same responsibility. If you consider a job "lesser" because of less opportunity to move into an executive position or start your own company, then maybe, but I don't see it that way.






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cwill
New Orleans Saints Fan
Member since Jan 2005
25843 posts

re: Where do you see o&g headed in the future?


I looked at a deal a couple years ago in NLA and one of the seller's high points was that they had access to a liquids rich line that would transport their gas to a processing/cryo plant in ETX. NGL processing provides a nice uplift on your pricing...or at least is did, market is now flooded. So a plant in NELA, providing any additional capacity and closer proximity should help liquid rich gas producers in the area. However, I've always understood the Haynesville to be very dry gas. It would help cotton valley producers.

As for local impact I wouldn't expect a whole lot and most of it temporary. Some land and construction work...some folks will get ROW fees.






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cwill
New Orleans Saints Fan
Member since Jan 2005
25843 posts

re: Where do you see o&g headed in the future?


quote:

A geologist or engineer for an oil company in houston and lafayette have the same responsibility. If you consider a job "lesser" because of less opportunity to move into an executive position or start your own company, then maybe, but I don't see it that way.


There are maybe 3 companies in Lafayette that might pay market rate - Stone, Petroquest and Marlin. The mom and pop shops won't and most geos in Lafayette are old independents trying to put conventional prospects together that no one wants to buy.

Any other company with a presence there may pay the same as Houston for similar work but there are very few of those jobs.

Houston is ultimately better pay and better opportunity.

Think about it, if you don't like the company you're with in Houston you have 500 alternatives. If you're in Lafayette....you're probably going to have to move to Houston.

ETA: And I'm from Lafayette, love it, not hating on it, just giving you the lay of the land.



This post was edited on 3/21 at 9:50 am


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90proofprofessional
LSU Fan
Member since Mar 2004
9529 posts

re: Where do you see o&g headed in the future?


so no or minimal engineers at the processing facility

is the 200 mmcf/d just nothing big?






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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
8635 posts

re: Where do you see o&g headed in the future?






This post was edited on 3/21 at 12:16 pm


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TheIndulger
LSU Fan
Member since Sep 2011
11349 posts

re: Where do you see o&g headed in the future?


quote:

and most geos in Lafayette are old independents trying to put conventional prospects together that no one wants to buy.


You can find them sleeping in presentations every monday at lunchtime in the petroleum club

quote:

There are maybe 3 companies in Lafayette that might pay market rate - Stone, Petroquest and Marlin


There's a few more-FMOG and Chevron have offices, but yeah, there aren't many. I was mainly referring to these jobs as being lesser jobs-they aren't necessarily-but they are few and far between.

My original post about Lafayette jobs possibly paying less was that they can afford to, because there aren't many of them, and so many people want to move back home to Lafayette rather than stay in Hoston.






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cwill
New Orleans Saints Fan
Member since Jan 2005
25843 posts

re: Where do you see o&g headed in the future?


quote:

is the 200 mmcf/d just nothing big?


Getting outside of my knowledge base...I'm not really sure. I'm in the upstream end of the business. My impression though is that 200/d isn't that significant when compared to the production coming out of the Haynesville.






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cwill
New Orleans Saints Fan
Member since Jan 2005
25843 posts

re: Where do you see o&g headed in the future?


quote:

petroleum club


That was the place to be for Sunday brunch after church when I was a kid.

And, whatever the reason, the money is better in Houston. And my view is if you want to be in O&G and learn as much as you can, make yourself valuable and build a great network of connections you have to spend some time in Houston.






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
33675 posts

re: Where do you see o&g headed in the future?








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