Sharp Slowdown in Hiring Across Houston Oil and Gas
There’s been a sharp slowdown in hiring across the Houston oil and gas industry, according to Keith Wolf, the managing director (MD) of staffing agency and recruiting firm Murray Resources.
“The coronavirus is driving the headlines and is causing a slowdown across the board,” Wolf told Rigzone.
“At $28-30 a barrel, producers are out of the range where they can produce profitably. As a result, we’re not seeing hiring for sales, marketing and other roles that reflect a growth mindset,” he added.
The Murray Resources MD went on to say, however, that the business is still seeing “steady demand” for in-office roles that are necessary to continue running a business, such as engineers, accountants, machinists and field technicians.
Wolf outlined that the most optimistic business leaders he’s spoken to believe business will return to normal in a matter of weeks. He believes they’re the exception.
“Most expect a lengthy hangover from the productivity effects that the world is experiencing…I believe we’re likely to fall into a recession – how long that lasts is anyone’s guess,” Wolf stated.
When asked to give advice to those looking for an oil and gas job in Houston right now, Wolf told such hopefuls to “be ready”.
“Keep networking and don’t lose hope. If you’re a veteran of the oil and gas industry, you already know slowdowns are a par for the course,” he added.
“If you survived the oil and gas crash of 2015, lean on that experience because this is likely to be similar. It’s a volatile industry and dips are normal. Work on your resume and be ready, because it will turn around,” Wolf continued.
Murray Resources, whose main office is in Houston, was founded in 1988. The business has previously been named one of Houston’s top five recruitment firms by the Houston Business Journal.
To contact the author, email andreas.exarheas@rigzone.com
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.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension