By Steve Hargreaves | CNNMoney.com – Thu, May 10, 2012 10:06 AM EDT
It may be dangerous, difficult work, but oil drillers are well compensated for the job: In 2011 the average salary for rig workers and other industry personnel was $99,175.
That number includes fat paychecks for the highly skilled, like $235,586 for a "drilling consultant" and $139,868 for a "reservoir engineer", according to Rigzone, an industry information provider that compiled the figures.
But even for someone with less than a year's experience the average wage was $66,923.
A roustabout, one of the lowest workers on a rig who performs general maintenance and physical labor and requires little prior training, made $34,680 -- the median wage for all American workers.
The high wages are being fueled by a surge in demand for drilling experts as the industry becomes increasingly technical and a drilling boom in the United States, Brazil and elsewhere. Plus, many drillers are retiring -- a phenomenon in the industry known as "the great crew change" that's only expected to accelerate over the next decade.
"They are desperate," said Michael Durney, an executive at Dice Holdings, Rigzone's parent company. "The industry is starting to look outside its core to fill these positions."
And where are they looking? Just about anywhere.
Durney said for those with few skills that want a shot on a rig, one strategy is to move to any number of states that are currently seeing a boom in oil and gas production and get a job in logistics -- driving a truck that brings supplies to the rig.
Truck driving can pay $20 an hour or more, and from there it's easy to meet people on the rigs.
With a little planning it's even easier to get a job on a rig right away. Several trade schools offer classes in oil field work, and the military offers training for those exiting the armed forces which could lead directly to work as a roustabout on a rig.
Once you're on a rig, the companies themselves generally provide in-depth training programs where roustabouts can move up fairy quickly. "Rotary drill operators" make $58,540, according to the Bureau of Labor Statistics, while a rig foreman makes $193,306, according to Rigzone.
For the college-bound, petroleum engineering, geology, or just plain engineering are good areas of study that can lead to lucrative rig work.
A "mud engineer" averages $108,032 a year, according to Rigzone, while a subsea engineer makes $133,453.
Demand for college educated rig workers is on the rise. At Houston's Rice University, job postings for the oil and gas industry were up 14% from the year before.
Read the rest here: http://finance.yahoo.com/news/oil-ri...140600665.html
The left would love these jobs if they were union jobs lol. Especially overpaid public union jobs - the kind that the rich fund. That support the redistribution model of the left.
XOM pays a $hitload of taxes - the proof is right here on their income statement. Don't believe their income statement? If it were wrong, they would pay the government fines and penalities. I doubt it is wrong: http://www.google.com/finance?q=NYSE:XOM&fstype=ii
Liberalism, ideas so good that they're mandated.....(by the all powerful, liberty suppressing federal government).
SIRIUS XM SATELLITE RADIO FORUM
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