university of houston bauer college -- gemi building the energy workforce of the future building the...
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University of HoustonUniversity of HoustonBauer College -- GEMIBauer College -- GEMI
Building the Energy
Workforce of the Future
Building the Energy
Workforce of the Future
Arthur L. Smith, CFAJohn S. Herold, Inc. Chairman & CEO November 3, 2005
Arthur L. Smith, CFAJohn S. Herold, Inc. Chairman & CEO November 3, 2005
Greater Houston Energy Education Collaborative
G.H.E.E.C.
Let’s Place Today in PerspectiveLet’s Place Today in Perspective
Very Difficult 1998-99Very Difficult 1998-99 Strong Wellhead Prices for Oil & Strong Wellhead Prices for Oil &
Natural Gas Natural Gas Phobia of another Price Phobia of another Price
Meltdown (2001)Meltdown (2001) Malaise in Energy ConvergenceMalaise in Energy Convergence Profound Cynicism among Profound Cynicism among
Energy Investors Energy Investors Continuing ConsolidationContinuing Consolidation But many new Start-UpsBut many new Start-Ups Great Opportunities!Great Opportunities!
Oil Prices (nominal dollars) and JSH Top 25 Headcount 1974 - 2004
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
The Occupational HandbookThe Occupational Handbookis Wrong about Oil & Gasis Wrong about Oil & Gas
Petroleum Extraction is Petroleum Extraction is NOTNOTa Sunset Businessa Sunset Business
The Outlook is BrightThe Outlook is Bright
DOL is extrapolating yesterday’s job DOL is extrapolating yesterday’s job market in its current assessment that market in its current assessment that “employment in the oil & gas extraction “employment in the oil & gas extraction industry is expected to decline 28% industry is expected to decline 28% through the year 2012” . . . “while overall through the year 2012” . . . “while overall employment will increase by 16%.”employment will increase by 16%.”
The petroleum sector “real world today ‘is The petroleum sector “real world today ‘is very strong – and likely to get even very strong – and likely to get even strongerstronger
Exxon Mobil
1. Humble Oil & Refining 2. Standard Oil (NJ) 3. Socony Vacuum 4. Superior Oil 5. Anglo-Iranian Oil 6. Standard Oil (Ohio) 7. Pan American Standard Oil (Indiana) 8. Dome Petroleum 9. Atlantic Refining 10. Richfield 11. Sinclair 12. Supron Energy 13. Union Sulfur & Oil 14. Anderson Pritchard 15. Royal/Dutch Shell 16. Shell Union (Shell Oil) 17. The Texas Company 18. Tidewater 19. Pacific Western-Getty 20. Skelly 21. Gulf 22. Standard Oil (CA) 23. Standard Oil (KY) 24. Cities Service 25. Occidental 26. Phillips 27. Aminoil 28. General American Oil 29. Continental Oil 30. Union Oil 31. Pure Oil 32. Sun Oil 33. Sunray-Sunray DX 34. Midcontinent 35. Texas Pacific 36. Kerr McGee 37. Plymouth Oil 38. Ohio Oil 39. Texas Oil & Gas 40. Amerada Petroleum 41. Hess Oil and Chemical 42. Total Petroleum 43. PetroFina 44. Fina Inc. 45. Elf Aquitaine
1950 1960 1970 1980 1990 2000
ExxonMobil
Amoco
Atlantic Richfield
Allied Chemical/Signal Union Texas (IPO)
BP
RD/SC
Getty Texaco
Chevron
Occidental
Phillips
ChevronTexaco
ConocoPhillipss
Unocal
Amerada Hess
USX
TotalFinaElf
Marathon
Sun Oil
Conoco
Kerr- McGee
Oryx
Sunoco
(Marathon)
PZL
British Petroleum
(Conoco)
BP Amoco
Dupont
0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000
ExxonMobil
Conoco Phillips
Royal Dutch/Shell
BP
Chevron Texaco
Occidental
Sunoco
Unocal
Ashland Oil
2004
1982
Alminex Ltd.Amarex, Inc.Amerada HessApco OilAsamera, Inc.Austral OilAztec Oil & GasBanff Oil, Ltd.Belco PetroleumBP Oil & GasBritish Col. Oil & GasButte Oil & Gas Canadian Exports Oil/GasCanadian GridoilCanadian HomesteadCanadian Ind. Gas & OilCanadian SuperiorCentral-Del RioCleary PetroleumClinton OilConsolidated Oil & GasConsolidated ProductionContinental Oil Co.CreoleCrestomont Oil & GasCrystal Oil & LandDome PetroleumEason OilEmpire State Oil Co.
Equity Oil & GasExchange Oil & GasFalcon SeaboardFelmont OilForest OilGeneral American OilGeneral Crude OilGreat Basins PetroleumGreat Plains DevelopmentGulf Oil CanadaHamilton Bros. PetroleumHelmerich & PayneHome OilHudson's Bay Oil & GasHusky Oil, Ltd.Imperial OilInexco OilKathol PetroleumKewaneeKirby PetroleumLouisiana Land & Exp.LVO Corp.Mesa PetroleumMidwest OilMission Corp.Noble AffiliatesOcean Drilling & Exp.Pacific PetroleumPan Ocean Oil Company
Pauley PetroleumPennzoil UnitedPetrofina CanadaPubcoRanger OilReading & BatesReserve Oil & GasSabine RoyaltyScurry-RainbowShenandoah OilSignal CompaniesSinclair VenezuelanSkellySouthern Natural GasSouthland RoyaltySouthwest Gas Prod. Co.Superior OilTexas American OilTexas Int’l PetroleumTexas Oil & GasTexas Pacific Oil Co.Tipperary Land & Exp.TransOcean OilUnited Canso Oil & GasWebb ResourcesWestates PetroleumWestcoast Production Co.Western DecaltaWilshire Oil of Texas
86 INDEPENDENT E&P COMPANIES86 INDEPENDENT E&P COMPANIES
JSH CoverageJSH CoverageJanuary 1970January 1970
JSH Coverage--January 1980JSH Coverage--January 1980INDEPENDENT E&P COMPANIES INDEPENDENT E&P COMPANIES
45 Survivors45 SurvivorsEquity Oil & Gas Pauley Petroleum
Amarex, Inc. Pennzoil UnitedAmerada Hess Petrofina Canada
Felmont OilAsamera, Inc. Forest Oil Ranger Oil
General American Oil Reading & Bates
Great Basins Petroleum Sabine Corp.Belco Petroleum Scurry-Rainbow
Gulf Oil CanadaHamilton Bros. Petroleum
Butte Oil & Gas Helmerich & PayneHome OilHudson's Bay Oil & Gas Southern Natural Resources
Canadian Homestead Husky Oil, Ltd. Southland RoyaltyImperial OilInexco Oil
Texas American OilTexas International Petroleum
Kirby Petroleum Texas Oil & GasConsolidated Oil & Gas
Louisiana Land & Exp. Tipperary Land & ExplorationMesa Petroleum TransOcean Oil
United Canso Oil & GasWebb Resources
Crystal Oil & Land Noble AffiliatesDome Petroleum Ocean Drilling & Exp. Westcoast Production Co.
Wilshire Oil of TexasEnergy Reserve Group
Conoco, Inc.
JSH Coverage 1990 & 2004JSH Coverage 1990 & 2004INDEPENDENT E&P COMPANIES
Nov 2005 – 4 Nov 2005 – 4 SurvivorsSurvivors
Jan 1990 - 14 Survivors
Pennzoil
Amerada Hess
Forest Oil Ranger Oil
Reading & Bates
Imperial Oil
Louisiana Land
Mesa Inc.
Noble EnergyWilshire Oil of Texas
SONAT
Home OilHome Oil
Amerada Hess
Equity Oil & Gas
Forest Oil
Helmerich & Payne
Imperial Oil
Noble AffiliatesEquity Oil & Gas
OXYMORONSOXYMORONSJSH FavoritesJSH Favorites
26 Members & Growing26 Members & GrowingAssociationsAssociations
Society of Petroleum Engineers Society of Petroleum Engineers (SPE)(SPE)
Houston Geological Society (HGS)Houston Geological Society (HGS) Independent Petroleum Association Independent Petroleum Association
of America (IPAA)of America (IPAA) American Petroleum Institute (API)American Petroleum Institute (API) Women in Energy NetworkWomen in Energy Network Houston-Galveston Area Council Houston-Galveston Area Council UH-GEMI Energy Students UH-GEMI Energy Students
AssociationAssociation Texas Oil & Gas Association Texas Oil & Gas Association State of Texas Industry State of Texas Industry
Cluster/EnergyCluster/Energy Engineering Council of HoustonEngineering Council of Houston
SchoolsSchools
Texas A&MTexas A&M San Jacinto CollegeSan Jacinto College Rice UniversityRice University UH- Cullen College of UH- Cullen College of
EngineeringEngineering UH- Global Energy UH- Global Energy
Management InstituteManagement Institute Environmental Institute of Environmental Institute of
Houston (UH-Clear Lake)Houston (UH-Clear Lake) Houston Community College Houston Community College
System (HCCS)System (HCCS) HISD HISD San Jacinto CollegeSan Jacinto College Texas Southern UniversityTexas Southern University HUNSTEMHUNSTEM
OrganizationsOrganizations
INROADSINROADS Offshore Energy CenterOffshore Energy Center Junior AchievementJunior Achievement Education Foundation of Harris County (EFHC)Education Foundation of Harris County (EFHC) Watson WyattWatson Wyatt
Greater Houston Energy Education Collaborative
G.H.E.E.C.
G.H.E.E.C. MissionG.H.E.E.C. Mission
ToTo RAISE AWARENESSRAISE AWARENESS and and HEIGHTEN HEIGHTEN INVOLVEMENTINVOLVEMENT of all students into energy-specific of all students into energy-specific education education
ToTo LEVERAGE ACTIVITIESLEVERAGE ACTIVITIES of its key constituencies of its key constituencies to have greater impact on achieving the fundamental to have greater impact on achieving the fundamental missionmission
To become theTo become the LEADING ENERGY EDUCATION LEADING ENERGY EDUCATION COMMUNITYCOMMUNITY that leverages off Houston’s energy that leverages off Houston’s energy know-how and is a role model for initiatives in other know-how and is a role model for initiatives in other communitiescommunities
If you are worried about the If you are worried about the “Graying” of the Oil Industry“Graying” of the Oil Industry
Greater Houston Energy Education Collaborative
G.H.E.E.C.
Petroleum EngineeringPetroleum Engineering
Starting Salaries are Rising Sharply
2005 Graduates
Engineering
Business
Geosciences
Greater Houston Energy Education Collaborative
G.H.E.E.C.
Leverage StrategyLeverage Strategy
Consensus for a flexible, solution-Consensus for a flexible, solution-driven collaborative that provides driven collaborative that provides opportunities for:opportunities for:
NETWORKINGNETWORKING and sharingand sharing LEVERAGELEVERAGE off each otheroff each other Providing critical mass for organizationsProviding critical mass for organizations
toto INCREASE IMPACTINCREASE IMPACT and influence and influence results (e.g. leveraged marketing)results (e.g. leveraged marketing)
Greater Houston Energy Education Collaborative
G.H.E.E.C.
3 Task Force Groups3 Task Force Groups
ContentContent – Capability Framework – Capability Framework
MarketingMarketing – Promotion of Workforce – Promotion of Workforce Challenges and Solution-Oriented programsChallenges and Solution-Oriented programs
PolicyPolicy – Impact Educational Public Policy – Impact Educational Public Policy
Greater Houston Energy Education Collaborative
G.H.E.E.C.
Showcase Of the Showcase Of the ProgramsPrograms
Jeanne Perdue (Jeanne Perdue (Society of Petroleum EngineersSociety of Petroleum Engineers))
Brenda Wiser (Brenda Wiser (American Petroleum InstituteAmerican Petroleum Institute))
Kristina Hardwick (Kristina Hardwick (Offshore Energy CenterOffshore Energy Center))
Jennifer Anderson (Jennifer Anderson (Junior AchievementJunior Achievement))
Greater Houston Energy Education Collaborative
G.H.E.E.C.
Greater Houston Energy Education Collaborative
G.H.E.E.C.
August 12-16th,August 12-16th, 20052005
August 26th, 2005August 26th, 2005