Oil and Gas - The Great Crew Change - thoughts?

[nicknolte]

The lack of upward mobility really sucks, but its not like any of the big non-O&G companies or government are a bastion of high compensation or upward mobility right now. The "Big Oil" companies (except for CNRL) are still the best, highest quality employment in this city right now if you can get in (or back in)

This is coming from someone that was out of the industry in 2015 and moved to a non-O&G company, and recently went back to O&G last year. I know a few other former colleagues who tried leaving O&G to a variety of other big Calgary companies (City, WestJet, Shaw, ATB, etc) in 2015-16, but ended up going back to "Big Oil" last year.

The great crew change isn't coming anytime soon and the best quality employment is outside of Alberta.

[ExtraSlow]

And cnrl honestly isn't that bad, comparatively. That's overblown.

[r3ccOs]

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The lack of upward mobility really sucks, but its not like any of the big non-O&G companies or government are a bastion of high compensation or upward mobility right now. The "Big Oil" companies (except for CNRL) are still the best, highest quality employment in this city right now if you can get in (or back in)

This is coming from someone that was out of the industry in 2015 and moved to a non-O&G company, and recently went back to O&G last year. I know a few other former colleagues who tried leaving O&G to a variety of other big Calgary companies (City, WestJet, Shaw, ATB, etc) in 2015-16, but ended up going back to "Big Oil" last year.

The great crew change isn't coming anytime soon and the best quality employment is outside of Alberta.

If you are engaged on Capitally driven projects... O&G is for you definitely, and especially lucrative if you contract.

[msommers]

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And cnrl honestly isn't that bad, comparatively. That's overblown.

I agree.

[JDMMAN]

r3ccOs - lucrative is only relative; day rates have fallen significantly for all contractors of all disciplines.

In the field of PSCM, many are asking for Sr.Manager level experience, but paying less than 1/2 the hourly rate Sr. Specialists used to be paid. It's definitely a race to the bottom still.

[ExtraSlow]

Many oil and gas related occupations were seeing quite a bubble in pay a few years ago. No surprise that most occupations have seen a correction.

[schurchill39]

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If you are engaged on Capitally driven projects... O&G is for you definitely, and especially lucrative if you contract.

I'm contract, when does it become lucrative?

[ExtraSlow]

I think these days contracting is actually less lucrative then employee positions. Base pay close to equal, but no benefits, unpaid vacations, and lots of unpaid time off between contracts seems to be the norm now.

[CompletelyNumb]

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I think these days contracting is actually less lucrative then employee positions. Base pay close to equal, but no benefits, unpaid vacations, and lots of unpaid time off between contracts seems to be the norm now.

Can confirm.

[mrsingh]

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I think these days contracting is actually less lucrative then employee positions. Base pay close to equal, but no benefits, unpaid vacations, and lots of unpaid time off between contracts seems to be the norm now.

I hear this from all the contractors who work for me; and when you look at their rates, they are less than half of what they were four years ago. As an employee, I faced pay freezes and reduced bonuses/stock, but was fortunate to not take any base pay cuts (producer).

[ExtraSlow]

Anyone who didn't take a cut to base pay is doing great! Congratulations.

[mrsingh]

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Anyone who didn't take a cut to base pay is doing great! Congratulations.

Definitely was one of the lucky ones. That being said; I had to change functions/roles and switch back over to site based roles from my cushy downtown gig.

As for the future of the industry; it is a tough call for us mid career level guys, there are still quite a few ahead who seem to be holding onto their roles longer.

[ExtraSlow]

Hey, off topic, but this thread probably has all the people who might be able to help me. Anyone on beyond a reservoir engineer or an expert on DFITs? Like pre-frac injection tests? @killramos ? @mr2mike ? @schurchill39 ?

Have some questions about theory to discuss.

[killramos]

DFITS are fickle, their utility depends what you are trying to get out of them and you need to be realistic. A lot of the old assumptions around them are near worthless when the formation is Nano Darcy tight. I essentially don’t believe anything from a DFIT in a tight formation aside from SHMin for completions model calibration, and extrapolated reservoir pressure. And the reservoir pressure is a MAYBE.

I’m far far far from an expert on them though sorry. Just someone who has been burned too many times by people who promise the moon in terms of interpretation and understanding from a test and in reality have no clue what’s going on.

[ExtraSlow]

I have my own opinions, but they are quite uneducated on this topic. Honestly, it feels like on all sides of this debate, everyone is more concerned with what they can sell than being right or doing right.

[black300]

I am currently in DT for a large O&G company as a contractor, been here for almost 8 years. But change is coming, they are getting rid of contractors weekly. I am starting to look at other options at the moment. Anyone know of openings in O&G (Accounting/Cost Controller) worked with operations.

[schurchill39]

In the recent years most DFITs are preformed as part of a board requirement and we're seeing less and less useful data from properly performed mini fracs, DFITs, or step rate tests. Also as it's not a common place anymore were losing lots of the expertise on it in the general completions or frac world. I emailed you an article from one of my go to guys on anything reservoir related and he's one of two people I would trust with analyzing data for me in high stakes cases. I forwarded you his contact info as well as he's a great dude to talk technical with (he's also a subject matter expert with many papers to his name on it).

[mr2mike]

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Hey, off topic, but this thread probably has all the people who might be able to help me. Anyone on beyond a reservoir engineer or an expert on DFITs? Like pre-frac injection tests? @killramos ? @mr2mike ? @schurchill39 ?

As if the company I work for pays for these science experiements you speak of.

[ExtraSlow]

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In the recent years most DFITs are preformed as part of a board requirement and we're seeing less and less useful data from properly performed mini fracs, DFITs, or step rate tests. Also as it's not a common place anymore were losing lots of the expertise on it in the general completions or frac world. I emailed you an article from one of my go to guys on anything reservoir related and he's one of two people I would trust with analyzing data for me in high stakes cases. I forwarded you his contact info as well as he's a great dude to talk technical with (he's also a subject matter expert with many papers to his name on it).

Now, I know we're mostly all in Calgary, but does anyone know if other jurisdictions have any regulatory requirement for DFITs? Like texas, for example?

[austic]

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And cnrl honestly isn't that bad, comparatively. That's overblown.

disagree whole heartedly. From Devon to CNRL it was like heaven to hell.