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How you can cash in on the USA oil boom
#1

How you can cash in on the USA oil boom

As you can imagine, I get a lot of fan mail from guys asking me advice about working in the oil sands and a lot of the guys are from the States and I always have to tell them, as I’ve wrote a million times on the oil sands thread, that they can’t work up there unless they have a certain trade or skill that is in demand. Well guys, I have some good news, for those of you who aren’t already aware, you can begin a career in the oil and gas sector in the USA and now is a great time to do so.

This is a data sheet for any of you guys out there looking to work in the oil and gas sector, specifically in the USA, which is currently experiencing a boom in oil and gas production and is on its way to becoming energy independent within the next few years. I will include basic information that you can use in order to cash in on this energy bonanza but it is up to you to decide what type of career you’d like to pursue and you will likely have to consider relocating to an energy hot spot in order to cash in on the boom.

Is there really an energy boom? Yes, according to an excellent study by Citi GPS titled Energy 2020: North America, the New Middle East, “For the first time since 1949, the US has become a net petroleum product exporting country and has edged out Russia as the world’s largest refined petroleum exporter.”The study goes on to say that, “Five incremental sources of liquids growth could make North America the largest source of new supply in the next decade: oil sands production in Canada, deepwater in the US and Mexico (focused on the Gulf of Mexico), oil from shale and tight sands, natural gas liquids (NGLs) associated with the production of natural gas, and biofuels.” Let’s break down each of these sources and see how you may be able to find work in them:

Oil sands: This is where I work, up in northern Alberta, Canada. There are some Americans working up there but unless you have a trade or specific skillset, you won’t be able to go up there to work. Fortunately for you guys (and unfortunately for Canada), we don’t have the capacity to refine all of our own oil, so we ship it down to refineries state side (more on that later) via pipelines. This is a controversial issue in both countries as pipeline companies are lobbying both federal governments to expand pipeline capacity, something North America doesn’t have enough of.

Offshore Gulf of Mexico (GOM): In 2007, Offshore drilling in the GOM accounts for about 25% of the USA’s oil production and about 14% of its natural gas, although after the 2010 Deepwater Horizon oil spill, production was cut back and further exploration permits annulled. There still is drilling activity going on there but time will tell whether or not it will be increased due to environmental and regulatory concerns.

Shale and Tight Sands: This is the real game changer is the USA’s domestic petroleum production, new technologies allow oil companies to access massive reserves of shale oil which previously couldn’t be exploited. According to a study by the IMF, “Production of crude oil from unconventional sources increased about fivefold in the United States between 2008 and 2012, reaching close to 1 million barrels a day by the end of 2012…..So far, much of the increase in oil production has reflected field development in the Bakken Shale, which spans the western states of North Dakota and Montana—although in 2012, production in the Eagle Ford Shale in the state of Texas also started expanding rapidly.” Shale oil and gas is an example of “unconventional” sources, just like the oil sands and deep offshore drilling, they are newer technologies that were developed due to the fact that “conventional” oil extraction methods (regular drilling) are yielding less results, this is where the whole “peak oil” theory stems from, I think.

Natural Gas: The USA is sometimes referred to as the “Saudi Arabia of natural gas”, simply put, you guys have tons of it and companies are exploring for it and using it at very high levels. I don’t know too much about the natural gas sector, but they say that it’s booming and since it’s cleaner than coal, it will be used more in the future for environmental reasons and the fact that its cheap.

Okay so now you have a rough idea of where all of this oil and gas is coming from (and I didn’t even mention Alaska!), so how can you get a job in these sectors? Well I have to explain a few more things before we get into the job specifics, there’s basically three main sectors in the production of oil and gas and these are upstream, midstream and downstream, here’s a quick breakdown of each:

Upstream: This is where the exploration companies look for oil and when it’s found, this is where they dig, drill and/or pump the stuff out of the ground, whether it’s an offshore rig drilling for gas in the GOM, a huge excavator digging oil sands from a mine in Fort McMurray, a land based rig in Alaska or a rig drilling through shale formations in North Dakota, these are all upstream oil and gas environments. I hope that you also noticed that each one of these areas is a barely habitable shit hole, so if you’re looking to get into the upstream side of the biz, be prepared to live in God forsaken dumps for long periods of time. These areas are also where you’ll make the biggest money. So once they get the product out of the ground, its sent onto the next stage.

Midstream: This includes the transport means, storage facilities and upgraders used to turn the product into a solution which is able to be sent to the final production stage, at the refinery. The transport usually is done via pipeline but oil and gas is also transported by rail, it is then held in big oil tanks in an area called a tank farm, if needed, the product is then upgraded in a small refinery before being sent downstream. An example that I’m familiar with is in the oil sands where they take the clay like bitumen substance from the mine, crush it into smaller bits then heat it up and add some water and other solutions in an upgrader and turn it into a product called diluted bitumen, or dil-bit for short, they then pipe it downstream to the refineries near Edmonton.

Downstream: This is the final stage of production and usually takes place in cities, although the areas of these cities aren’t the most desirable places to live as they are industrial. The product is shipped to the refinery and there it is turned into a petroleum product ready to be sold and used, such products include, but are not limited to gasoline, jet fuel, diesel fuel, home heating fuel, lubricants and natural gas. There are many refining centres in the USA, most states have at least one and as you can probably guess, there are a lot in Texas, Louisiana and Mississippi but many are close to large cities along the eastern seaboard and California has a lot too. There’s also a massive oil refinery on the US virgin Island of St. Croix and I know a guy who worked there for two years, not a bad gig working in a tropical island paradise.

So now that you have a basic understanding of how the oil and gas industries work, it’s time to consider what kind of job is right for you and fortunately, the oil and gas industries are quite diverse and I’m sure that there’s a position for just about anyone, even if have one of those useless bachelor of Arts degrees, like me. I’m going to base these career options off the sections that I found on one of my favourite oil and gas websites, Rig Zone and apply them to the three sectors I mentioned above.

Upstream:
Geologist, geophysicist, land surveyor, petroleum engineer, heavy equipment operator, truck driver, camp staff, safety personnel, well testers, coiled tubing operator, wireline operators, oil rig workers (lease hand up to driller and site consultant), fishing tool personnel, snubbing operators, etc.

Midstream:
Welder, pipefitter, heavy equipment operator, quality assurance/control personnel, operators, production technologist, completion engineer, frack truck operator, etc.

Downstream:
This is where you have the most people working, in the refinery and process areas, we’ll start with the trades.
Welder, boilermaker, plumber, pipefitter, iron worker, scaffolder, electrician, industrial insulator, crane operator, etc. Other trade related personnel include industrial instrumentation techs, NDT techs, welding inspectors, safety personnel, etc.

Engineers: civil, mechanical, chemical, electrical, materials, etc.

Other field staff: labourers, equipment operators, power engineers, safety personnel, etc.

Office staff: Obviously these big industrial sites have a lot of administrative people as well as managers and other people who don’t get their hands dirty with us grunts out in the field, there’s tons of opportunity here and some of these positions include:
Training coordinator, HR staff, planners/schedulers, quantity surveyors, project managers, systems analyst, instructors, contract engineer, accountant, etc.

Basically there’s lots of different jobs and careers in the oil and gas sectors, just check out the websites Rig Zone and Oil Careers to see more for yourself. Many of these jobs require higher education, such as geologist and engineer, but many don’t and that is the best part about the oil business, if you can get an entry level job and prove yourself, you can advance quite quickly. I’d say that if a guy worked hard for about 3-5 years establishing himself and getting whatever skills, experience and certifications he needs to advance in his career, he would have a very good job and be making good money as well. After ten years in the biz, a guy could pretty much go anywhere with his career, to the next level, so to speak.

For those who are keen to travel, an oil and gas career can take you all over the world, especially if you have American skills and education, you will be in demand. I recently visited a Canadian friend on vacation in the Philippines, I met him at work in the oil sands and his international work experience included six months working on a hydroelectric dam project in China and the construction of a refinery in the Philippines, where he worked for nine months. I also once met a drilling consultant in the Philippines who lives there and has a tax free job in the middle east (Iraq and Turkey) where he makes $27,000 per month (tax free), twelve months a year and works 28 days on, 28 off (flights included), not bad for a guy who probably only has high school, although it wouldn’t surprise me if he didn’t even have that.

If you take a look at the job vacancies on web sites such as Rig Zone, you’ll notice that a lot of the work is in exotic locations such as Brazil, Singapore, Indonesia, the Middle East and Africa. Many of these are tax free, expat positions and some are rotation based, quite often 28/28, these jobs can definitely lead to a nice lifestyle on your days off, where you can go anywhere you want in the world and have a good amount of money to spend.

RVF oil and gas success story: A couple of months ago while in Bangkok, I was hanging out with forum member 20nation, who I had met the previous winter while traveling in Colombia and he asked me about my line of work and seemed interested in getting on in the oil biz. So we sat down, had a few beers and I told him all about my job and how to get into it, I sent him some links on Facebook and included the names of several contractors, many who have operations all over North America, including the oil sands. So after he finished his epic Asian adventure, he went back home to the States and within a couple of days, he visited a couple of the contractors I had suggested and got an interview. A week later and he contacted me, “I got the job bro!”, he was pretty stoked and I was pretty impressed that a guy with no previous experience or education in the trade was hired right off the street in what many people consider to be a terrible economy. He’s currently working lots of hours at a refinery in his home city and is on his way to making some big coin because I know with his and intelligence, he’ll probably have more tickets than I do in a couple of years. Who knows, maybe we’ll work on the same job site someday.

So there you have it guys, if you’re a young guy who isn’t sure what he wants to do for work, the oil and gas sectors are a solid bet and the future looks pretty good, according to CITI GPS, “We estimate that some +550,000 new jobs would be directly created in the oil and gas extraction sector by 2020”, so why not get on the gravy train now?

Now that I’ve got some of you all excited about a career in the oil biz, its time for a reality check and I have to tell you guys about the negative aspects of working in oil and gas.

-Working with riff raff: It’s no secret that the oil biz attracts a rough crowd, there’s a reason that we’re referred to as “oil trash”, especially the tradesmen, lots of them are excons, dead beats and drug addicts. Makes for some interesting work stories anyway.

-Working long hours/labour intensive jobs: Again this is more prevalent in the trades and rig work, 80-100+ hours/week isn’t uncommon and often times its in less than ideal conditions: work at heights, confined spaces, up to your knees in mud or other shit, etc.

-Isolation: If you’re doing upstream work, you’ll be working away from home and away from your family and friends, you’ll miss milestones, parties, concerts, etc. Plus you’ll be around a bunch of rowdy dickheads all day long, this can wear on a guy’s nerves.

-Dangerous conditions: Its one of the reasons that oil work is highly paid, there’s a chance that the rig you’re working on may blow up and you could be badly wounded, or worse, you could die.
There’s other negative aspects of the job, but even if it can be tough sometimes, I’d still rather work with a bunch of crazy oil trash guys pulling 16 hour shifts than be stuck in a politically correct office job walking on egg shells all day and taking orders from women (been there, done that). Working in the oil biz will definitely toughen you up, I know it made more into even more of an asshole.

If you guys have any further questions, I’ll be happy to answer as best as I can and hopefully other guys who are based in the USA or have experience there can contribute also. This data sheet is by no means definitive, there’s a lot more information to look for and that will be up to you guys but hopefully I’ve sparked some interest in guys out there looking for career options, the oil biz has been pretty good to me.

Sources:
ENERGY 2020: INDEPENDENCE DAY
Global Ripple Effects of the North American Energy Revolution
: https://www.citivelocity.com/citigps/Rep...ies.action

ENERGY 2020: North America, the New Middle East? http://fa.smithbarney.com/public/project...a63cc2.pdf (very thorough and well researched article)

IMF article: http://www.imf.org/external/pubs/ft/fand...lbling.htm

Natural gas info: http://www.naturalgas.org/business/industry.asp

List of oil refineries in the USA: http://en.wikipedia.org/wiki/List_of_oil...ted_States

Cheap Natural Gas Pumping New Life Into U.S. Factories: http://www.npr.org/2013/03/28/175483517/...-factories

US Is on Fast-Track to Energy Independence: http://www.cnbc.com/id/100450133

Rig Zone: http://www.rigzone.com/

Oil careers: http://www.oilcareers.com/worldwide/

RVF info on oil work in North Dakota:
http://www.rooshvforum.network/thread-11227....rth+dakota

http://www.rooshvforum.network/thread-13880....rth+dakota
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#2

How you can cash in on the USA oil boom

Way to come back with some solid data dude.

My roommate is a geologist working in some oil fields in New Mexico. The money's good but the location and time he has to spend out there sucks. Along with driving from Colorado to New Mexico, a 10 hour drive, every week or every other week is a lot of wear and tear on your car, but that's by choice. I've thought about getting into it regardless, it's good money.
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#3

How you can cash in on the USA oil boom

Just saw on the news about the proposed pipelines. That will add a lot more work. I'm getting a lot of email buzz concerning GOM work. I'm thinking about going back, and flying down to the DR every other month. Williston is slowing down, and my friends up there are begging to get out. Not to say you can't use it as a stepping stone, but they seem to have enough skilled labor now.

Hobbs, NM is another shithole to look at, and PA is booming due to fracing.

NEBOSH and OSHA are two certs to look into. Safety guys don't get dirty. I still am looking into this.

You can make good money in the industry, and it will be around until all the oil is dried up, which is lifetimes away. Now that things are winding down in the war sector, I'm going back into oil/gas. If anyone on here is a vet and interested, PM me and I'll give you a resource that can help you get your foot in the door.
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#4

How you can cash in on the USA oil boom

Well I guess the Great Scotian meltdown of 13' is over. Back in the rep point collection business
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#5

How you can cash in on the USA oil boom

What qualifications do you need to work in SEA and Asia as a "consultant"?
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#6

How you can cash in on the USA oil boom

Great post. Thanks for the information. Couple of questions. Based on your experience, what is the upper age limit for people (without experience) wanting to break into this industry? I assume companies mostly hire guys in their early 20's?
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#7

How you can cash in on the USA oil boom

Quote: (04-30-2013 08:44 AM)el mechanico Wrote:  

Well I guess the Great Scotian meltdown of 13' is over. Back in the rep point collection business

My mini-melt down and virtual RVF suicide attempt was short lived, the heat and heavy boozing really got to me and I went a little squirrely. I had an actual real life melt down today at the Manila airport though, the fucking Filipino shit rope finally broke me, of all places I never thought that the Philippines would break me, but it did.
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#8

How you can cash in on the USA oil boom

Quote: (04-30-2013 09:03 AM)NY Digital Wrote:  

What qualifications do you need to work in SEA and Asia as a "consultant"?

I spoke to a consultant in BKK, a Scottish guy who was a trained engineer, the way he explained it to me was that most of the western guys are either engineers or have a ton of experience and qualifications in their respective trade, often times both. He had a sweet lifestyle working 14/14 offshore Thailand and was likely making a fortune.

A lot of the hands on work, like my trade for example, is done by Filipinos, Indians and other low cost workers, look at the specific job ads on Oil Careers and Rig Zone and you'll see how many require extensive experience and education. As I mentioned in the OP, a guy would likely need about ten solid years of training in the USA before he goes abroad on one of the gravy expat gigs, of course, there's always exceptions.

I'll answer more questions later, this shitty night in Manila is about to take a turn for the better.
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#9

How you can cash in on the USA oil boom

Scotian make a oil business job finder ebook and website and travel off the profits.

People will pay for the data you drop on the oil and gas industry.
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#10

How you can cash in on the USA oil boom

Fantastic post.


I am not interested in changing careers but was fascinated by the read and general info you shared.


Really cool of you to have posted that.
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#11

How you can cash in on the USA oil boom

Quote: (04-30-2013 03:27 AM)scotian Wrote:  

If you guys have any further questions, I’ll be happy to answer as best as I can and hopefully other guys who are based in the USA or have experience there can contribute also. This data sheet is by no means definitive, there’s a lot more information to look for and that will be up to you guys but hopefully I’ve sparked some interest in guys out there looking for career options, the oil biz has been pretty good to me.

Sources:
ENERGY 2020: INDEPENDENCE DAY
Global Ripple Effects of the North American Energy Revolution
: https://www.citivelocity.com/citigps/Rep...ies.action

ENERGY 2020: North America, the New Middle East? http://fa.smithbarney.com/public/project...a63cc2.pdf (very thorough and well researched article)

IMF article: http://www.imf.org/external/pubs/ft/fand...lbling.htm

Natural gas info: http://www.naturalgas.org/business/industry.asp

List of oil refineries in the USA: http://en.wikipedia.org/wiki/List_of_oil...ted_States

Cheap Natural Gas Pumping New Life Into U.S. Factories: http://www.npr.org/2013/03/28/175483517/...-factories

US Is on Fast-Track to Energy Independence: http://www.cnbc.com/id/100450133

Rig Zone: http://www.rigzone.com/

Oil careers: http://www.oilcareers.com/worldwide/

RVF info on oil work in North Dakota:
http://www.rooshvforum.network/thread-11227....rth+dakota

http://www.rooshvforum.network/thread-13880....rth+dakota

[Image: Blessthispost_zpsdcaed7a0.gif]

The cycle of disrespect can start with just an appetizer.
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#12

How you can cash in on the USA oil boom

Lots of great information here and some other recent threads:

Oil & Gas Industry

Careers in Energy Sector

Canadian Oil Sands

MWD Work in Oil Sands

Take a look at Pennsylvania as AliB mentioned for fracking, and I would also mention LNG (Liquified Natural Gas) as a growth field. This is converting nat gas into a liquid (must be frozen to -160 degC). This is useful for import and export of nat gas, which is sure to grow as the US supplies increase. Some countries like Japan import a huge % of their energy in the form of LNG.
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#13

How you can cash in on the USA oil boom

Here's a thread on working offshore. I hid a data sheet in there somewhere:

http://www.rooshvforum.network/thread-3810.html?
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#14

How you can cash in on the USA oil boom

If any of you want to become billionaires, figure out a way to safely extract the methane hydrate deposits from the Gulf of Mexico and the Atlantic Shelf(I've tried). The USA has enough of that shit there to power the world for the next 2,000 years.
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#15

How you can cash in on the USA oil boom

Quote: (04-30-2013 04:05 PM)Katatonic Wrote:  

If any of you want to become billionaires, figure out a way to safely extract the methane hydrate deposits from the Gulf of Mexico and the Atlantic Shelf(I've tried). The USA has enough of that shit there to power the world for the next 2,000 years.

Wish they could get past political correctness and "dangers" and just experiment like crazy.


Relevant article: http://www.popularmechanics.com/science/...d-15239296

Supposedly the Japanese are getting there.
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#16

How you can cash in on the USA oil boom

Lawyers can make a killing too with all the companies scarfing up leases like it's going out of style. All those farmers with 50 acres need somebody to look over papers.
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#17

How you can cash in on the USA oil boom

A lot of jobs that don't require degrees aren't listed on Rigzone. Someone told me the other day about a refinery that's hiring anyone who can piss a piss test with no felonies as helpers. $13/hr to pass tools to people.
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#18

How you can cash in on the USA oil boom

http://www.theatlantic.com/magazine/arch..._page=true

Methane hydrates article
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#19

How you can cash in on the USA oil boom

Quote: (04-30-2013 11:39 AM)Roustabout Wrote:  

Great post. Thanks for the information. Couple of questions. Based on your experience, what is the upper age limit for people (without experience) wanting to break into this industry? I assume companies mostly hire guys in their early 20's?

Its hard to say as it depends highly upon the position and the age/physical capability of the person applying, for example, a company probably won't hire a 50 or 60 year old guy for an entry level oil rig job as its a very physically demanding role. However, that same guy could get a job that is less physically demanding, there's tons of options, one such gig that is pretty much always filled by an older guy is the tool crib attendant. He's the guy who is in charge of each site's tools, which are kept in a small warehouse (or sometimes converted sea cans), if you need a tool for a specific job, you go see the tool crib attendant and he'll give you a wrench or whatever you need. Easy job and doesn't take a degree in rocket science.

There's so many other jobs that older guys can do, security guards working at the gate are often older guys, lots of safety guys are older (usually former tradesmen with lots of industrial experience though). Then there's the office jobs, lots of old fogies working there, if you have a background in business and have decent computer skills (Microsoft Office, etc), you could get on in an office job.
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#20

How you can cash in on the USA oil boom

Quote: (04-30-2013 09:24 PM)houston Wrote:  

A lot of jobs that don't require degrees aren't listed on Rigzone. Someone told me the other day about a refinery that's hiring anyone who can piss a piss test with no felonies as helpers. $13/hr to pass tools to people.

Houston you're right, Rig Zone is more for experienced guys, but has lots of different job postings to give guys an idea of what types of jobs are out there. A lot of these jobs are positions that your average person has no idea even exist, I sure didn't know what a snubbing technician was before I started looking around oil job web sites. Another decent site for jobs in the USA is Road techs, lots of job postings there from trades work to I.T jobs.

That $13/hour gig, although its low pay, is exactly the kind of gig a young guy could start in and parlay into a high paying career. Just because you're passing tools to a tradesman, doesn't mean you won't learn anything, you'll get site specific orientations, safety tickets and a chance to meet new people and network. You'd also learn the ins-and-outs of a refinery, there's tons of free info online, just Google or Youtube "oil refinery processes" and you'll see, knowing how a refinery operates and learning the oil lingo can go a long way, especially in a job interview.
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#21

How you can cash in on the USA oil boom

Scotian ... I have an associates in Oil & Gas production Technology and am graduating with a B.Sc in Oceanography in 2 weeks with 0 years experience. Just one internship with BP in Wyoming. I've Already got a full time Job offer with Trans-Ocean Offshore in the Gulf of Mexico.

Here are the Job specs.

3 weeks on , 2 weeks off
12 hours a day + likely overtime
compensation close to $76,000 per annum
Health, Dental, Vision insurance

I am very excited for the job but I have friends who graduated last year who got offers higher than mine. So I am still considering waiting it out till I get the best offer.

What company do you think pays the most for Oil & Gas production Technologists ?

Which locations in the US pay the most ? Texas , Louisiana, Oklahoma, Bakersfield, Alaska, North Dakota, Wyoming .... any trends you have noticed ?

I heard in Prudhoe Bay, Alaska you can make $160,000 a year with a technical degree or trade. On top of that the state of Alaska pays $3000 a year for any Alaska residents. Downsides are that it is about 300 miles North of the Arctic Circle and that that you barely see any sunlight most of the year. Can you confirm ?

A lot of older guys tell me not to do this type of work past age 25 or 26 if you plan on going back into a more White collar field. They said after too many years on the rigs it ruins them because after living in such a masculine and rough industrial environment, a cubicle or office job where you have to fake smiles & be nice to everyone drives most guys crazy. As a result they stay in the Industry for Life. I want to go into finance , so would that interfere with my plans ?

What companies offer the most Overseas opportunities within a fewest number of years ? I heard if you work overseas you do not need to pay US taxes. I cannot imagine how sweet that would be. Over 100 K salary, no expenses for accommodation & food & no taxes ! That would be the easiest way for me to reach $500,000 liquid by age 28.

Any advice on young guys just starting out ? (I just turned 22). A buddy of mine made close to $90 k last year working offshore but has like $40 in his bank account. Spent all of it on useless shit, a new car and a bunch of vacations including Vegas & Miami.

I would really appreciate some input brah !

Thanks
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#22

How you can cash in on the USA oil boom

Quote: (04-30-2013 10:24 PM)LibertarianBootyHunter Wrote:  

Scotian ... I have an associates in Oil & Gas production Technology and am graduating with a B.Sc in Oceanography in 2 weeks with 0 years experience. Just one internship with BP in Wyoming. I've Already got a full time Job offer with Trans-Ocean Offshore in the Gulf of Mexico.

Here are the Job specs.

3 weeks on , 2 weeks off
12 hours a day + likely overtime
compensation close to $76,000 per annum
Health, Dental, Vision insurance

I am very excited for the job but I have friends who graduated last year who got offers higher than mine. So I am still considering waiting it out till I get the best offer.

What company do you think pays the most for Oil & Gas production Technologists ?

Which locations in the US pay the most ? Texas , Louisiana, Oklahoma, Bakersfield, Alaska, North Dakota, Wyoming .... any trends you have noticed ?

I heard in Prudhoe Bay, Alaska you can make $160,000 a year with a technical degree or trade. On top of that the state of Alaska pays $3000 a year for any Alaska residents. Downsides are that it is about 300 miles North of the Arctic Circle and that that you barely see any sunlight most of the year. Can you confirm ?

A lot of older guys tell me not to do this type of work past age 25 or 26 if you plan on going back into a more White collar field. They said after too many years on the rigs it ruins them because after living in such a masculine and rough industrial environment, a cubicle or office job where you have to fake smiles & be nice to everyone drives most guys crazy. As a result they stay in the Industry for Life. I want to go into finance , so would that interfere with my plans ?

What companies offer the most Overseas opportunities within a fewest number of years ? I heard if you work overseas you do not need to pay US taxes. I cannot imagine how sweet that would be. Over 100 K salary, no expenses for accommodation & food & no taxes ! That would be the easiest way for me to reach $500,000 liquid by age 28.

Any advice on young guys just starting out ? (I just turned 22). A buddy of mine made close to $90 k last year working offshore but has like $40 in his bank account. Spent all of it on useless shit, a new car and a bunch of vacations including Vegas & Miami.

I would really appreciate some input brah !

Thanks

First of all, congratulations on graduating with a kick ass education, you have a bright future ahead of you. Unfortunately I can't answer all of your questions as I'm not qualified to do so, they're too job specific and I don't have experience working in the USA, I wouldn't want to give you bad advice but I'll weigh in on a couple of things.

That job offer sounds pretty good to me, although it may not be as high paying as others out there, there's other things to consider, just remember that no matter what, you'll be making good money (76K isn't too shabby!) and as your career progresses, you will continue making more and more. Some things to consider:

-Is offshore work what you're looking for? Can you handle being on an isolated rig hundreds of miles offshore for 21 days straight?

-Transocean seems like a decent outfit, judging by their website, they're involved in some serious deep water drilling, which is the way the oil biz is moving towards (unconventional) as many of the shallower, easier to drill wells dry up. In fact, according to their website, "Transocean holds most of the world records for drilling in the deepest waters." That sounds like a pretty good company to get on with, drilling some of the deepest wells in the world will definitely look good on a resume.

-3 week on/2 off is probably the best damn rotation in the biz. 21/7 is good, a definite money maker but that's a lot of work, 14/14 is decent but not so much money. 3/2 is perfect because you'll have ample amounts of money and a decent amount of time to travel. I assume that you'd be based in a city like Houston on your days off, that city is a major flight hub, if I were you, I'd be jetting off to the Caribbean or South America on your days off.

-I just looked at the "contact us" menu on their website, holy shit that company has offices all over the world: Canada, Brazil, Nigeria, Thailand, Vietnam, Norway, Italy, France, etc. I'd say you'd have a pretty good chance of going international after a couple years of working in the states, but who knows, given your education, maybe they'd put you right on a rig in SE Asia or something, what a life you could have on your days off in SE Asia. You could probably do the tax-free thing with that company, provided you stay out of the USA for a certain amount of days each year, something around 330 days away.

Again, I can't comment on which companies pay the most and which ones will send you abroad because I simply don't know, but judging by the web site of that company, they seem to tick all of the boxes. Also, if you don't like the cold then don't go to Alaska or even North Dakota, I did the cold weather thing for years and it sucks, I don't recommend it.

As for the rig life ruining guys, ya I can see that, I think I'm pretty much ruined for ever working a white collar job, I'll likely always be on site, but hopefully when I'm 50+, I won't be doing physical work anymore, just telling the grunts what to do. You're 22 now, I think that you could put in a solid 3-5 years of working hard, traveling and banking cash. When you're 27 or so, you should have the experience to allow you to settle into a full time office job in a city such as Houston, but I warn you, traveling around the world and making the big money that comes along with it isn't a lifestyle that is easy to give up!

So I would recommend taking that gig, seems good but its your decision in the end, if you work for them for 6-12 months then decide it isn't for you, you can always move on to something else, although I wouldn't recommend bouncing around too much. Keep us posted on this job please.
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#23

How you can cash in on the USA oil boom

Scotian, I also have an Associate's but it's in Process Operation. It's aimed more at chemical processing but I'm sure it'll apply to most jobs in oil. I don't want to start a trend of asking questions about every little detail (especially since you've already provided so much info), but what kind of pay does a "production operator"/process operator typically get, relative to other positions?

I'm sure my degree wouldn't pigeonhole me into that specific area but I'm just curious where that aspect of the job falls in terms of pay and schedule. I live in an area where process operators are paid EXTREMELY well (3 major chemical companies in my hometown) but none of them are hiring at the moment and I'm wanting to move anyways.

Thanks in advance and also thanks for all of your info. I haven't posted yet but I've been closely watching all of your oil related posts and they were actually partially responsible for me finishing my degree this last semester.
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#24

How you can cash in on the USA oil boom

Quote: (05-01-2013 11:36 PM)MasterBacja Wrote:  

Scotian, I also have an Associate's but it's in Process Operation. It's aimed more at chemical processing but I'm sure it'll apply to most jobs in oil. I don't want to start a trend of asking questions about every little detail (especially since you've already provided so much info), but what kind of pay does a "production operator"/process operator typically get, relative to other positions?

I'm sure my degree wouldn't pigeonhole me into that specific area but I'm just curious where that aspect of the job falls in terms of pay and schedule. I live in an area where process operators are paid EXTREMELY well (3 major chemical companies in my hometown) but none of them are hiring at the moment and I'm wanting to move anyways.

Thanks in advance and also thanks for all of your info. I haven't posted yet but I've been closely watching all of your oil related posts and they were actually partially responsible for me finishing my degree this last semester.

As far as I know, process operators and power engineering are paid about the same as the other trades, but they can make more as there's a lot of room for advancement in that line of work. Refineries are very complex, sometimes when I'm in the middle of a huge one, I just look around in awe at how these things run, as an operator, it'll be your job to know every nook and cranny of the place.

I'm not sure how the levels work in the USA, but in Canada, power engineering go from 5th class up to 1st class and from what I know, a good first class power engineer won't ever go without work and will be very well paid, $250K+/year in northern Alberta.
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#25

How you can cash in on the USA oil boom

Yeah scotian you are the man for getting me going on the right track. Thanks again. Making more money than i ever have. /testimonial. But true story [Image: wink.gif]
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