Thursday, November 8, 2012

Job growth expected for petroleum engineers

by Stibbs & Co., P.C. on November 7, 2012

Houston oil and gas exploration firms are expected to offer more positions to petroleum engineers due to the expansion of the energy industry as a whole. Oil field services companies may need to hire more engineers to increase production from older wells and underground deposits. The Houston Chronicle reported that employment for petroleum engineers is expected to grow by at least 17 percent in the next eight years, based on the figures from the U.S. Bureau of Labor Statistics.

As some engineers are retiring or leaving their place of employment in order to start their own companies, there will be even more potential for younger generations of petroleum engineers to fill their role.

"The type of engineers has not changed," Rob Fulks, director of unconventional projects at Weatherford Engineering, told the news source. "The oil and gas industry still is in need of drilling, completion and production engineers. Graduates of petroleum engineering studies can choose an area in which to specialize. Shale oil and gas wells are completion intensive, with a majority of that budget now being spent on completion assemblies, hydraulic fracturing and other completion-related activities."

New discoveries in shale and the process of hydraulic fracturing have increased the demand for high skill oil field engineering services, according to the source. Since some shale wells have been around for as much as 15 years, it has become more imperative to develop new ways to increase production. This has companies looking toward petroleum engineers for potential solutions.

As more Houston-based exploration firms expand and hire more petroleum engineers, managers of these companies will need to work with Houston business attorneys who offer employer representation in case of any disputes. An energy law firm located in Spring, Texas is able to help with hiring and employment issues for any oil and gas exploration firm.



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