Careers & Education

Is Oil & Gas Production a Good Career Path?

There are some downsides to our dependence on oil and gas but there are sure are lots of jobs. Is oil & gas production a good career path? That’s what we’ll cover in this post. But first, our civilization is based on the use of fossil fuels. They have been a steady source of energy for centuries, but that doesn’t mean they’re perfect.

The first is that the production of fossil fuels may be harmful to nature. The oil and gas sector may pollute the environment and destroy habitats, and the usage of fossil fuels releases greenhouse gases that harm the atmosphere.

Besides that, the oil and gas industry is massive and infamous for its volatility. Prices for these commodities can vary greatly, which makes it difficult for companies to prepare for the future.

Despite all these drawbacks, many people decide to work in the oil and gas business. The reality is that by pursuing a career in this field you are lucky to have chosen this industry. You can make a lot of money in this industry if you have the necessary skills and expertise.

But there’s another side to the coin: will there be enough work for you in the future? We’re working hard to phase out fossil fuels (despite the fact that oil is utilized in practically everything we consume), so the sector may not be as appealing in a few decades.

This article will teach you about the pros and cons of working in the oil and gas industry. We’ll be as objective as possible, but keep in mind that this is such a closely regulated industry that anything might still change at any time.

Reasons Oil & Gas Production is a Good Career Path

Let’s begin with the most common inquiry. This industry is troublesome as it is likely to shrink massively in the future, and has become the object of great hatred for many. Besides that, this Industry still has a bright future, it’s not the best field. It’s dirty work.

Working on oil rigs isn’t exactly enjoyable, and the hours are long. You’ll be gone from home for months, working in some of the most isolated (and perilous) locations on the planet. Even if nothing strange occurs to you, you’ll be breathing in dangerous substances all day.

So, what’s the point? Here are some of the reasons.

Some Pros of Working in Oil & Gas Industry

Here are the key benefits of working in the oil and gas industry:

The Money

Oil and gas companies tend to be very profitable and this is no secret. They make a lot of money, and it frequently filters down to their employees. This field is definitely worth exploring if you’re seeking high-paying employment. Another reason this sector is so profitable is that few people want to work in it. The supply outnumbers the demand. This is because the task is frequently demanding, hazardous, and filthy.

The Skills

In terms of skills, what you learn in the oil and gas industry you can apply to other sectors. For example, if you’re a geologist, your skills would be applicable to mining. If you’re an engineer, you could work in construction or manufacturing. The point is, that the skills you learn in this industry are valuable, and they can help you get your foot in the door of other industries.

The Adventure

Oil and gas is the route to go if you want to work in this interesting. It’s a fast-paced sector with numerous travel opportunities. In fact, you will most likely go across the country. You might end up working on rigs all around the world.

The Opportunities

Change is always happening in the oil and gas industry. That means that there are numerous opportunities for progress at work. If you’re willing to put in the work, you might quickly rise up the ranks.

A career in one of these fields is not for everyone. Before making a decision, it is critical to carefully assess the benefits and drawbacks. In the next part, we’ll look at some of the disadvantages of working in this industry.

Some Cons of Working in Industry

Working in the oil and gas business has several disadvantages. In actuality, they are not worth the effort for the vast majority of people, which is why there is a labor shortage in the business. Here are the cons of this industry:

Instability

As previously, oil and gas production is notoriously insecure. These commodities’ prices change continuously, making it difficult for businesses to prepare for the future. Job losses are common as a result of this insecurity. When oil and gas prices fall, the first thing that oil and gas corporations do is lay off employees. This might cause you to lose your job unexpectedly, and finding work in this area can be tough if you don’t have contacts.

Challenging Work

The work itself is really difficult. As previously, you will be working long hours in challenging and hazardous situations. It might be difficult to adjust if you aren’t used to this type of job. You’ll also be away from home for months, which might be difficult for your personal life.

Health Hazards

One of the additional disadvantages of working in this business is the risk to one’s health. You will be exposed to harmful chemicals in the industry, which will cause respiratory and other disorders.

Environmentally Unfriendly

If you worry too much about climate change, the oil and gas industry is not the one for you, because it is not environmentally friendly. After all, if you work in this industry, you will be directly contributing to the problem. Furthermore, governments may fire you simply by signing a piece of paper. Certainly not a pleasant prospect.

That’s all there is to it. These are some of the advantages and disadvantages of working in the oil and gas business. Before selecting a job option, it is critical to thoroughly analyze all of these aspects.

What type of employment can you undertake if you make a decision this is the correct career route for you? And how exactly do you get in?

Oil & Gas Positions

The oil and gas industry offers a variety of work opportunities. Besides that, many will necessitate a higher level of education and/or specialized training, while others will not.

Roustabout

Furthermore, roustabout workers are responsible for a variety of manual labor jobs, such as cleaning and maintaining equipment, and supplies, and supporting other workers.
You’ll essentially be a grunt in surgery, but it’s a terrific way to get your foot in the door. Furthermore, if you show that you are a hard worker, you may be promoted to a better position.
Despite the fact that it is entry-level work, it is extremely fulfilling. The annual salary for a roustabout is $44,730. It beats working for a pittance at McDonald’s.

Rotary Drill Operator

This is one of the most common entry-level jobs in the oil and gas industry. It is also known as a “roughneck.” As a rotary drill operator, you will be in charge of operating the machinery that drills holes for oil and gas wells.

The unexpected part of this industrial occupation is that, while the government, for example, may close down your drilling site, you may also move assignments or the area. In actuality, the majority of rotary drill operators work in the mining business rather than the oil and gas industry. As a rotary drill operator, you will never be out of work. A mining rotary drill operator, on the other hand, makes $5 less per hour than a comparable employee in the oil and gas business. This misalignment results in an annual salary disparity of more than $10,000.

Geologist

A person who studies the earth’s surface is called a geologist. They have searched for areas rich in minerals and oil, this can help plan where drilling can take place. However, you also need to have at least a bachelor’s degree in geology if you want to pursue this career.

As a geologist in the oil and gas business, your everyday job will include field work (i.e. visiting drilling sites), office work (i.e. analyzing data), and report writing.

A geologist’s annual income is $83,860, making it one of the highest-paying positions in the oil and gas business. However, precise pay information is difficult to come by. In its calculations, the Bureau of Labor Statistics takes into account all types of geologists. As a result, the genuine figure is most likely smaller.

Geologists can easily change paths and can work in fields other than the oil & gas industry. So, you will always be able to find work, even if the oil & gas industry is in decline.

Petroleum Engineer

You have to be a petroleum engineer if you want to make a lot of money. Petroleum engineers devise strategies for obtaining oil and gas from resources deep beneath the earth’s crust. They also discover novel techniques for extracting these resources, as well as ways to improve existing ones.

To become a petroleum engineer, you must have a bachelor’s degree in engineering. And, ideally, a master’s degree or above.

You’ll be in charge of a variety of critical tasks, such as developing computer models to determine the best approach to producing oil and gas, supervising drilling activities, and testing new equipment.

The average annual pay for a petroleum engineer is $130,850. The highest earners in this industry earn more than $186,000 each year. Don’t be persuaded by all the climate change rules, either. Even if we manage to go all-electric, we will continue to extract petroleum. This is due to the fact that we use oil and gas for much more than just powering our automobiles.

The operator of a Petroleum Pump System

You’ll be in charge of operating and maintaining the equipment that pumps oil and gas from wells as a petroleum pump system operator. This is an important job since it contributes to the smooth operation of the company.

To work as a petroleum pump system operator, you must have at least a high school graduation. And, preferably, some pumping experience.

A petroleum pump system operator earns an annual salary of $80,500 per year.

The Oil and Gas Industry’s Future

Entering the oil and gas industry does sound like gambling. After all, geologists are more concerned with today’s climate than at any point in history. That means the oil and gas industry is in decline. We are also slowly moving away from fossil fuels and toward renewable energy sources.

Is It a Good Time to Enter The Sector with So Much Uncertainty about Its Future? The Short Answer Is That It Depends.

Having good job security and high-paying jobs, then the oil and gas industry is a good choice for those of you who are interested. Jobs such as rotary drill operators and petroleum engineers are in high demand and will probably always be needed, even when the industry is down. However, you can switch from oil & gas to mining. We will never stop mining the earth for resources.

In this Industry, there are situations where it makes sense if you are just looking for a temporary job to make money and then move on. For example, if you are not a recent college graduate searching for a career that can help you pay off your student loans, the oil and gas business is worth considering. Just keep in mind that it is a volatile profession and that you must have a strategy for what you want to do next.

Ending

For all those searching for a high-paying profession with solid job security, the oil and gas business is an excellent alternative. However, it is not a stable sector, so if you are searching for a long-term career, you should explore another field. The future of the oil and gas business is unknown, but it will almost certainly continue to play a part in our lives, even as we shift toward renewable energy sources. However, when we reach that point, the need for labor will most likely be too low to justify getting into the business.

Here, you can only decide if getting into the oil & gas industry is the right choice for you. Keep in mind your job goals and what you want to achieve. If working in the industry of oil and gas is your dream, then go for it! Be aware of the dangers and always have a backup plan.