Michael Bowen Oil and Gas Investment Industry

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Oil and Gas MicHAEL BOWEN
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Disclaimer

• Any views or opinions presented in this
  presentation are solely those of the author and
  do not necessarily represent those of the
  Department of Earth and Atmospheric Sciences,
  College of Natural Sciences and Mathmatics, or
  the University of Houston.

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Outline

• Definitions and oil industry overview
• Types of jobs offered in the oil and gas industry
  based on degree
• Overview of recruiting companies at UH (2014)
• Resume writing
• Interview tips
• Networking
• QA

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Petroleum industry structure

• Upstream exploration and production sector
  collecting data and drilling wells
• Midstream- transportation of raw petroleum to
  refineries, typically by pipeline, rail, barge,
  tanker, truck, etc..
• Downstream the refining, processing, marketing,
  and distribution of refined petroleum products

Source API
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Service company vs. Operator

• Service companies companies which provide
  technical services to operating companies, but do
  not own the hydrocarbons that are produced

Operators (exploration and production
companies) companies that decide where and how
to drill for hydrocarbons, and own the rights
once produced

• Examples Baker Hughes, Cameron, CGG, Core Lab,
  Fugro, Halliburton, ION Geophysical, National
  Oilwell Varco, PGS, Schlumberger, Spectrum,
  Technip, Transocean, Weatherford, etc.

• Examples BP, Chevron, ExxonMobil, Shell,
  ConocoPhillips, Anadarko, Apache, Devon, Hess,
  Occidental Petroleum, Noble Energy, Marathon,
  Southwestern, EOG, etc..

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Types of service companies

• Diversified Schlumberger, Halliburton,
  Weatherford, Baker Hughes
• Equipment National Oilwell Varco, Cameron
• Seismic acquisition ION, CGG, Spectrum, TGS,
  PGS
• Drilling rigs Transocean, Noble Corporation,
  Hercules Offshore, Nabors Industries

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Types of exploration and production companies

• Integrated/Supermajors (upstream and downstream)
  BP, Chevron, ExxonMobil, Shell, Total
• Exploration and Production/Independents (just
  upstream) ConocoPhillips, Anadarko, Apache,
  Noble Energy, EOG Resources, Marathon Oil, Hess
  Corporation, etc..
• National Oil Companies (NOC) Ecopetrol,
  Gazprom, PEMEX, Petrobras, Petronas, PDVSA,
  Rosneft, Sinopec, Sonangol

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Very-generalized exploration and production
workflow
EP company interprets data and determines a
location to drill (geologists and geophysicists
MS, PhD)
Service companies drill the well and record
technical data (engineers, geologists,
geophysicists BS, MS, PhD)
If large enough reserves are proven, field
development begins (engineers, geologists,
geophysicists MS, PhD)
Production facilities, pipelines, storage
facilities, and transportation are installed
(Engineers)
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Outline

• Definitions and oil industry overview
• Types of jobs offered in the oil and gas industry
  based on degree
• Overview of recruiting companies at (UH 2014)
• Resume writing
• Interview tips
• QA

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Types of jobs BS (Geology or Geophysics)

• Mud logging/ wellsite geology (service companies)
• Software support (service companies)
• Geotechnical support staff (operators)
• Typically hired by service companies
• Starting salary range 30k-60k

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Types of jobs MS (Geology or Geophysics)

• Entry level geologist or geophysicist (operators
  or service)
• MS degree is REQUIRED for entry level positions
  by almost 100 of operators
• Starting salary range 100k-115k
• Typical signing bonus 5-15k

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Types of jobs PhD (Geology or Geophysics)

• Entry level geologist or geophysicist at operator
• Experienced hire as a specialist in a
  research/technology group within a service or
  operating company
• Consultant/research role in a service or
  operating company
• Starting salary range 100k-130k
• Typical signing bonus 5-25k

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Outline

• Definitions and oil industry overview
• Types of jobs offered in the oil and gas industry
  based on degree
• Overview of recruiting companies at UH (2014)
• Resume writing
• Interview tips
• Networking
• QA

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Overview of recruiting companies at UH

• Chevron, ExxonMobil Supermajors, integrated
  oil companies, global footprints, 60,000-80,000
  employees
• EOG, Hess, Marathon Oil, Noble Energy,
  Southwestern Energy Independents, global
  footprints, 2,000 4,000 employees
• For a full description of each company please
  refer to the company website or attend the info
  session

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Outline

• Definitions and oil industry overview
• Types of jobs offered in the oil and gas industry
  based on degree
• Overview of recruiting companies at UH (2014)
• Resume writing
• Interview tips
• Networking
• QA

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Formatting

• One page for undergrads
• Two pages for grad students
• Do NOT submit a resume longer than two pages for
  on-campus recruiting for an oil or gas company
• Font should be a reasonable size and theme
  (Arial, Times New Roman, 11-12pt)
• Margins (0.5-1.0)
• Should be neat and balanced
• NO wrap up sentences
• NO periods ANYWHERE
• NO clipart
• Use bullets wisely

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Parts of a resume

• Contact information
• Objective statement
• Education (degree, including GPA if above 3.0)
• Relevant Coursework
• Work/research experience
• List of skills
• Professional and/or student organizations
• Awards/honors/activities
• Abstracts/Publications

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Contact information

• Address
• Phone number
• Professional and current e-mail address
• (sk8rboi_at_aol.com is NOT an example of a
  professional e-mail address)

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Objective statement

• Needs to answer the following questions
• What type of position am I looking for?
  (full-time vs internship)
• What type of role am I looking for? (geologist,
  geophysicist, petrophysicist, operations
  geologist, exploration geophysicist, mudlogging
  geologist, wellsite geologist, processing
  geophysicist, etc.).
• Can include a start date (ex Summer 2015
  internship)
• Does not need to be longer than one sentence
• Ex A full-time position as an exploration
  geologist in the oil and gas industry
• Ex An internship as a geophysicist in the
  petroleum exploration industry for Summer 2015
• Ex A full-time position as an exploration
  geophysicist in the oil and gas industry starting
  December 2014

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Education

• Degree, major
• Bachelor of Science, Geology
• Master of Science, Geophysics
• Doctor of Philosophy, Geology
• Expected graduation date
• Month and year
• University/college and department attended
• University of Houston, Department of Earth and
  Atmospheric Sciences
• GPA (if above 3.0) thesis title advisors name

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