Connor Albrecht is within the Oil & Fuel Engineering Division at Texas Railroad Fee in Austin. Beforehand he labored on the engineering groups with Halliburton
Q. What’s the market proper now for petroleum engineers (PE)?
The market is aggressive. Significantly troublesome for those who aren’t keen to relocate, transition to field-based or an analyst place, or if you’re a brand new school graduate with out a lot expertise, or a seasoned veteran that doesn’t wish to take a demotion/pay minimize. Job provides and alternatives in the USA are few and much between.
The vast majority of oil and gasoline (O&G) open job alternatives in the USA are listed in Midland, TX (Permian Basin), San Antonio, TX (Eagle Ford), or Houston, TX. Lots of my colleagues and classmates have switched industries fully or have transitioned to O&G/Vitality Funding Teams with JP Morgan, Goldman Sachs
Q. You began as a PE however switched to an ME (mechanical engineer). Why? And the way did you overcome the challenges of switching?
The world is consistently altering, new know-how is being created each day, and the job market is altering together with it. Probably the most well-rounded engineering diploma which you could receive to organize for the longer term and work throughout a number of industries is a Mechanical Engineering diploma. Whether or not you might be eager to work within the O&G trade (Chevron
After I switched levels Junior yr, I needed to settle for that I would wish to remain in school an additional yr along with attending summer time college. I graduated with ~170 credit score hours with largely all engineering coursework and solely lacked 40 credit score hours to double main in Petroleum and Mechanical engineering. The numerous school programs and credit score hours have been fairly in depth once I recall the entire time and onerous work it took to acquire.
Q. What benefits may a PE main have, by staying with the PE program?
Petroleum Engineers have been identified through the years to carry the very best rankings for yearly wage of all bachelor levels. Many younger professionals and school freshman are inclined to flock to the O&G trade early on in hopes of scoring it huge upon commencement.
Regardless of the technological advances that renewable sources of power can present, using fossil fuels just isn’t coming to an finish neither is the longer term for these working within the petroleum trade.
With world power consistently evolving and enormous oil firms including renewable energies to their portfolios, Petroleum Engineers could have the experience that can carry over to those renewable applied sciences comparable to photo voltaic programs, offshore wind farms, and carbon seize and storage.
Q. You will have discovered a number of jobs, and misplaced a few of them.
Close to school commencement in December 2017, the O&G job market was troublesome following the crash from $100/bbl to $50/bbl again in 2014. I imagine out of the 100+ Petroleum Engineering college students, solely round 20% of them discovered O&G jobs. I used to be lucky sufficient, with not a lot time left on my facet to discover a job earlier than commencement.
I used to be employed on with the main O&G service firm in America, Halliburton. I used to be excited, however my profession aim on the time was to work with an upstream O&G operator. Throughout my time with Halliburton as a area engineer within the Eagle Ford I continued to seek for positions with an operator.
Almost a yr glided by in Halliburton’s area engineering rotation program and I used to be lastly capable of get employed with Parsley Vitality’s manufacturing group. I spent 2.5 years with Parsley Vitality earlier than we have been acquired by Pioneer Pure Assets
Two weeks earlier than the acquisition I used to be employed on as a contractor in New Mexico working a 14/7 hitch schedule, overseeing a collection of six wells that have been to be accomplished.
Q. What did you find out about life from the job modifications?
Intermittent retirement, severance packages, alternative to seek out one other job for those who select to take action, extra time to journey, taking a step again to resolve what profession path you wish to take long run, making new mates, engaged on new hobbies, and spending extra time with household.
Nobody nearing retirement ever says, “Man, I want I’d have labored extra, traveled much less, and spent much less time at dwelling”. A yr of paid severance provides you the power to do that with out the added stress of paying the payments.
My severance bundle enabled me to spend money on actual property and buy a short-term rental in downtown Austin.
I rented out my dwelling in Austin, TX and have spent plenty of time this yr in inns, on airplanes, vacationing, sofa browsing, interviewing, residing out of a suitcase, and many others. It has been actually difficult and exhausting at occasions, nevertheless it was my private alternative and value to pay to go away Austin to get pleasure from a mini retirement.
Q. What recommendation do you’ve got for staying in a job?
If you want longevity within the O&G trade, I like to recommend working for a bigger upstream operator comparable to ExxonMobil, Chevron, bp, and many others. that’s not prone to get purchased out by a bigger firm. Or midstream firms like Kinder Morgan
Avoid service firms that revolve round drilling, fracking, completions of wells as a result of they get hit the toughest throughout trade downturns.
Then again, I get pleasure from working for the smaller privately owned firms which have the potential to get purchased out. So long as you’ve got private fairness or the corporate provides a considerable severance bundle it’s an amazing trade-off for somebody who’s single with no household.
Q. How do you search for and discover a new job?
To have the ability to find a job within the hardest of markets, it’s important to purchase a PhD in persistence and networking. You may be essentially the most good of Petroleum Engineers within the trade, however with out persistence and functionality of speaking with folks you don’t stand an opportunity. I’ve utilized, emailed, and made extra telephone calls this yr than most individuals do of their complete profession. Getting observed from an utility on-line is a large problem.
I’ve developed a five-step utility course of through the years that’s easy however extremely efficient.
1. Discover the corporate and job you wish to interview with by way of LinkedIn, Certainly, Firm Web site, and many others.
2. Find folks from the corporate by way of LinkedIn which are within the Human Assets division or are Executives.
3. Join with the consultant, get their identify, and ship them a brief be aware by way of LinkedIn.
4. Find the corporate’s e-mail and handle by way of Google
5. Make a name to their company headquarters relating to the place you need and observe up in your earlier e-mail.
Making use of on-line is usually the very last thing I do if I do it in any respect. Go straight to the supply and be persistent.
Q. What do you hope future bosses will worth about your workmanship?
I imagine my biggest attribute to a crew is having the ability to orchestrate huge initiatives and optimizing processes that make a distinction and generate profits for the longer term success of the corporate. I don’t get pleasure from monotonous duties that don’t generate profits or don’t make a distinction. I hope they worth that I’m not simply an Engineer by diploma or an over-educated paper pusher, but additionally a inventive thoughts and businessman that may be a calculated threat taker.
Q. what are your short-term and long-term profession targets?
Within the brief time period (<5 years) I wish to proceed within the O&G trade as an Engineer, whereas persevering with my aim to finish the examination to grow to be a Skilled Engineer. Within the medium time period (5+ years) I see myself branching into non-public fairness O&G/Vitality Funding banking.
In the long term (10+ years) I wish to be an Government or on the board of an O&G/Vitality firm making vital monetary choices. In the direction of retirement I may see myself changing into a Professor or Dean at a high tier College.
Q. How do you see the longer term for petroleum engineering, given the local weather snowball is rolling?
I feel we’ll see a rise in demand for Petroleum Engineering college students within the close to time period, following all of the latest layoffs, lower in PE college students, and many individuals switching industries. That being mentioned, O&G firms are shifting in the direction of renewables and investing capital in Synthetic Intelligence for drilling and manufacturing operations. European-based examples are bp, TotalEnergies, and Shell. US primarily based firms embody ExxonMobil, Occidental, and Chevron.
With lots of the largest O&G firms on the planet buying and implementing renewable energies to broaden their portfolios, PEs should additionally broaden their data in renewable energies. A PE with understanding of photo voltaic programs, offshore windfarms, and carbon seize and storage might be in a stronger place as renewables proceed to extend.
Quote: “No future is with out change and no future comes with a assure.”