Monday, June 3, 2013

Who Wudda Guessed? Natural Gas Shale Is Hiring -- Demand Far Exceeds Supply, It Appears

Rigzone is reporting:
Since hitting a 13-year low of $1.82 per thousand British thermal units on April 20, 2012, the benchmark Henry Hub natural gas futures contract price has steadily regained momentum. In fact, it has hovered above the $4- mark for much of the period since mid-March of this year. Like the Henry Hub price, hiring in the Marcellus and other shale gas plays appears to be on the rebound after a lull earlier this decade, a Houston-based oil and gas recruitment specialist told Rigzone at the recent American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition 2013 in Pittsburgh. 
"Everybody's recruiting," said James Bradley, permanent hire recruitment manager with NES Global Talent, at the sidelines of AAPG's annual meeting.
Demand is particularly keen for drilling and well completions engineers, subsurface geologists, geophysicists and geochemists, Bradley said, adding that there are not enough specialists with direct experience developing a shale gas play. As a result, operators are wooing candidates with conventional onshore oil and gas experience "who can jump right into shale work," he noted. He acknowledged this is often easier said than done.

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