What Makes Independent Oil, Gas Companies Successful?

What Makes Independent Oil, Gas Companies Successful?
Rigzone speaks with analysts about which traits make a successful independent oil and gas company.

Right now, hiring is a challenge for the entire oil and gas industry. Castaneda believes that the millennial generation wants to work for companies where technology will empower them to make decisions. They are less inclined to move towards organizations with a lot of overhead.

“From that standpoint, I think the independents will be attractive,” said Castaneda.

She is unsure whether the independents’ nature will be a key differentiator in hiring, as the supermajors are also doing a lot of research on millennials. Supermajors have been trying to learn from the independents to replicate their success. One example is that some supermajors have left their shale organizations as standalone companies.


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WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

andrey  |  November 21, 2016
in contrary the desire of many companies to merge & consolidate into bigger ones lead to where it is “TO BIG TO FAIL…”
bob blochowiak  |  November 21, 2016
Smaller companies are not an inverted pyramid like large companies. It seems the smaller companies realize where the work is and what makes a business successful and its not in a cubical in some glass tower.

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