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Started By
Message
O&G- future for E&Ps/career advice?
Posted on 8/14/19 at 1:00 pm
Posted on 8/14/19 at 1:00 pm
Hi all,
I am currently working for a distributor for o&g e&ps. I just started a couple months ago and it is an ok corporate job. I call on small/very small E&Ps. I do mostly cold calling.
They are saying that the market is softening, which worries me.
I know that there is a lot of o&g knowledge on this board. What are you guys seeing in the market? I am worried that my position might be eliminated.
The other predicament is that my former company has made me an offer to come back. Not in o&g. Same salary but it’s a travel job (50%).
Pros- I have relationships in the industry.
Decent company. I am very well versed in the products and market.
Decent job security
Cons- training the newbie that gets paid more than I do. Slightly. $5k.
I have a dog now and can make preparations but might be a pain in the arse
Possibly the highest I’ll make in this industry is $120k
From my brief understanding, staying in o&g is better for my career. I live in Houston and want to stay here.
Any advice and market news? I do enjoy the challenge of cold calling. I’ve had some success which is exciting. Anyone work for any E&Ps?
Longtime o&g salespeople- is the market always this volatile?
TIA!
I am currently working for a distributor for o&g e&ps. I just started a couple months ago and it is an ok corporate job. I call on small/very small E&Ps. I do mostly cold calling.
They are saying that the market is softening, which worries me.
I know that there is a lot of o&g knowledge on this board. What are you guys seeing in the market? I am worried that my position might be eliminated.
The other predicament is that my former company has made me an offer to come back. Not in o&g. Same salary but it’s a travel job (50%).
Pros- I have relationships in the industry.
Decent company. I am very well versed in the products and market.
Decent job security
Cons- training the newbie that gets paid more than I do. Slightly. $5k.
I have a dog now and can make preparations but might be a pain in the arse
Possibly the highest I’ll make in this industry is $120k
From my brief understanding, staying in o&g is better for my career. I live in Houston and want to stay here.
Any advice and market news? I do enjoy the challenge of cold calling. I’ve had some success which is exciting. Anyone work for any E&Ps?
Longtime o&g salespeople- is the market always this volatile?
TIA!
3
Posted on 8/14/19 at 1:05 pm to 337tigergirl
Are you looking for upside or are you looking for steady?
quote:are they going to kick up to the curb after training this guy?
Cons- training the newbie that gets paid more than I do. Slightly. $5k.
quote:idk how you found this out, but why not negotiate a higher salary to go back? Sounds like you'd have some leverage.
that gets paid more than I do. Slightly. $5k
Posted on 8/14/19 at 1:11 pm to castorinho
quote:
Are you looking for upside or are you looking for steady?
Combination of both. Upside is very important but I also don’t want to worry about losing my job.
quote:
idk how you found this out, but why not negotiate a higher salary to go back? Sounds like you'd have some leverage
When I left a few months ago, she told me. The old regime that hired her was royally screwing up the entire company. After i left, the management team was all fired.
The new Vp is the same gm that hired me so I trust her knowledge and she will lead the team in the right direction. She gave me another raise of salary to equal my current salary but she’s not budging on the last 5k
Posted on 8/14/19 at 1:37 pm to 337tigergirl
I work for a major IOC.
My view is that we will see further consolidation and a decline in the traditional aspects of our industry, but it will be a slow bleed. Nothing will come overnight, and if you're concerns are around things like carbon/emissions/political climate shutting it down, that's not where I would focus my attention.
Instead, I see the risk to traditional O&G jobs being the same as the 'transitions' other industry have gone/are going through. More automation, offshoring, simplification, and fiscal discipline. This will slowly make employing US folks harder and more expensive, and we'll see a natural slimming down and change of the workforce. This has already started happening, but I see it accelerating. The jobs that E&P companies will need in 20 years look less like the ones they hire for now.
My two cents would be to stay in the job, but find ways of picking up skills and knowledge that would apply outside of just O&G. Learn about the broader industry, the entire supply chain, the tools/procedures that can work elsewhere...this ensures that (1) if you find a better opportunity, you can pounce and bring that portable know-how with you; and (2) if you lose your job, you have at least maximized the opportunities within it.
My view is that we will see further consolidation and a decline in the traditional aspects of our industry, but it will be a slow bleed. Nothing will come overnight, and if you're concerns are around things like carbon/emissions/political climate shutting it down, that's not where I would focus my attention.
Instead, I see the risk to traditional O&G jobs being the same as the 'transitions' other industry have gone/are going through. More automation, offshoring, simplification, and fiscal discipline. This will slowly make employing US folks harder and more expensive, and we'll see a natural slimming down and change of the workforce. This has already started happening, but I see it accelerating. The jobs that E&P companies will need in 20 years look less like the ones they hire for now.
My two cents would be to stay in the job, but find ways of picking up skills and knowledge that would apply outside of just O&G. Learn about the broader industry, the entire supply chain, the tools/procedures that can work elsewhere...this ensures that (1) if you find a better opportunity, you can pounce and bring that portable know-how with you; and (2) if you lose your job, you have at least maximized the opportunities within it.
This post was edited on 8/14/19 at 3:59 pm
Posted on 8/14/19 at 9:56 pm to 337tigergirl
Run.
Posted on 8/15/19 at 8:25 am to 337tigergirl
IMO the industry is shrinking and will continue to shrink. Not in terms of O&G development and production as that is here to stay for my lifetime, but by who has the capabilities to develop and produce.
I’m in the big data technical side with a lot of products, and with ever M&A the pool of potential sales shrinks a little more. Diamondback/Energen, Encana/Newfield, OXY/APC, Callon/Carrizo, Comstock/CoveyPark and on and on.
Lump that in with the small companies, for the most part, trying to make ends meet in low tier gas plays that are hardly economical with good commodity prices, much less current ones.
Now the outcome is you have a group of excellent, large and dominate companies that have figured it out and continue to grow and eat smaller companies, but the service side of it gets pinched. Which expedites our innovation efforts tremendously.
I’ve personally been through 2 layoffs/bankruptcies with smaller E&Ps as all positions were eliminated and assets sold off. From there ended up on the blue collar service side, now I’m on the white collar service side. Since the layoffs I’ve learned to not chase dreams, but pursue opportunities.
As far as advice on what you should do, that’s for you to decide, but in the meantime understand that everything is boiling down to big companies, good relationships, and big data.
TLDR:
Small E&Ps are getting pinched.
Large E&Ps are eating up market share.
Service providers (blue and white collar) are having to hustle hard to build and maintain relationships with a shrinking pool of potential clients.
I’m in the big data technical side with a lot of products, and with ever M&A the pool of potential sales shrinks a little more. Diamondback/Energen, Encana/Newfield, OXY/APC, Callon/Carrizo, Comstock/CoveyPark and on and on.
Lump that in with the small companies, for the most part, trying to make ends meet in low tier gas plays that are hardly economical with good commodity prices, much less current ones.
Now the outcome is you have a group of excellent, large and dominate companies that have figured it out and continue to grow and eat smaller companies, but the service side of it gets pinched. Which expedites our innovation efforts tremendously.
I’ve personally been through 2 layoffs/bankruptcies with smaller E&Ps as all positions were eliminated and assets sold off. From there ended up on the blue collar service side, now I’m on the white collar service side. Since the layoffs I’ve learned to not chase dreams, but pursue opportunities.
As far as advice on what you should do, that’s for you to decide, but in the meantime understand that everything is boiling down to big companies, good relationships, and big data.
TLDR:
Small E&Ps are getting pinched.
Large E&Ps are eating up market share.
Service providers (blue and white collar) are having to hustle hard to build and maintain relationships with a shrinking pool of potential clients.
Posted on 8/15/19 at 8:39 am to thegreatboudini
Thanks for your post!
I work for a large pvf distributor with my main focus on small E&Ps.
I’m kind of worried that if I don’t take my old position, my new position would be eliminated due to the small e&ps getting pinched as you mentioned. If all of the larger E&Ps are absorbing the small ones... I have no idea what they would do with someone in my position since they already have teams calling on the larger E&Ps
Through your layoffs and experience, was it worth it to stay in oil and gas?
I work for a large pvf distributor with my main focus on small E&Ps.
I’m kind of worried that if I don’t take my old position, my new position would be eliminated due to the small e&ps getting pinched as you mentioned. If all of the larger E&Ps are absorbing the small ones... I have no idea what they would do with someone in my position since they already have teams calling on the larger E&Ps
Through your layoffs and experience, was it worth it to stay in oil and gas?
This post was edited on 8/15/19 at 8:41 am
Posted on 8/15/19 at 9:04 am to 337tigergirl
That’s hard to answer. I’m a geoscientist by trade, and staying in the industry gave me opportunities that I would have never gotten elsewhere, but these have not necessarily been geoscience opportunities. That said, I got them purely because of my technical background.
I suppose it has all worked out thus far, with some lessons learned along the way, but I do plan to leave the industry in 5-8 years.
I suppose it has all worked out thus far, with some lessons learned along the way, but I do plan to leave the industry in 5-8 years.
Posted on 8/15/19 at 10:11 am to thegreatboudini
Posted on 8/15/19 at 7:00 pm to cwill
Yeah. I’m leaning towards going back.
If anything, I’ll stay for another year or 2 and have longer stint in territory sales.
Im going to ask for an extra week of vacation.
Thanks guys!
If anything, I’ll stay for another year or 2 and have longer stint in territory sales.
Im going to ask for an extra week of vacation.
Thanks guys!
Posted on 8/16/19 at 8:55 am to 337tigergirl
I would never stay in O&G for 5% better pay. Way too volatile. If you can make 15-20%+ and bank most of that for bad times and possibly being laid off, then certainly do it.
But 5% isn’t worth losing sleep over. It’s not like going back to the old job is your last resort or last job. Get your feet comfortably on the ground and start churning for something better.
But 5% isn’t worth losing sleep over. It’s not like going back to the old job is your last resort or last job. Get your feet comfortably on the ground and start churning for something better.
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