University of Houston Bauer College GEMI Building the
University of Houston Bauer College -- GEMI Building the Energy Workforce of the Future Arthur L. Smith, CFA John S. Herold, Inc. Chairman & CEO November 3, 2005
Greater Houston Energy Education Collaborative G. H. E. E. C.
Let’s Place Today in Perspective § Very Difficult 1998 -99 § Strong Wellhead Prices for Oil & § § § Natural Gas Phobia of another Price Meltdown (2001) Malaise in Energy Convergence Profound Cynicism among Energy Investors Continuing Consolidation But many new Start-Ups Great Opportunities!
The Occupational Handbook is Wrong about Oil & Gas
Petroleum Extraction is NOT a Sunset Business
The Outlook is Bright § DOL is extrapolating yesterday’s job market in its current assessment that “employment in the oil & gas extraction industry is expected to decline 28% through the year 2012”. . . “while overall employment will increase by 16%. ” § The petroleum sector “real world today ‘is very strong – and likely to get even stronger
JSH Coverage January 1970 86 INDEPENDENT E&P COMPANIES Alminex Ltd. Amarex, Inc. Amerada Hess Apco Oil Asamera, Inc. Austral Oil Aztec Oil & Gas Banff Oil, Ltd. Belco Petroleum BP Oil & Gas British Col. Oil & Gas Butte Oil & Gas Canadian Exports Oil/Gas Canadian Gridoil Canadian Homestead Canadian Ind. Gas & Oil Canadian Superior Central-Del Rio Cleary Petroleum Clinton Oil Consolidated Oil & Gas Consolidated Production Continental Oil Co. Creole Crestomont Oil & Gas Crystal Oil & Land Dome Petroleum Eason Oil Empire State Oil Co. Equity Oil & Gas Exchange Oil & Gas Falcon Seaboard Felmont Oil Forest Oil General American Oil General Crude Oil Great Basins Petroleum Great Plains Development Gulf Oil Canada Hamilton Bros. Petroleum Helmerich & Payne Home Oil Hudson's Bay Oil & Gas Husky Oil, Ltd. Imperial Oil Inexco Oil Kathol Petroleum Kewanee Kirby Petroleum Louisiana Land & Exp. LVO Corp. Mesa Petroleum Midwest Oil Mission Corp. Noble Affiliates Ocean Drilling & Exp. Pacific Petroleum Pan Ocean Oil Company Pauley Petroleum Pennzoil United Petrofina Canada Pubco Ranger Oil Reading & Bates Reserve Oil & Gas Sabine Royalty Scurry-Rainbow Shenandoah Oil Signal Companies Sinclair Venezuelan Skelly Southern Natural Gas Southland Royalty Southwest Gas Prod. Co. Superior Oil Texas American Oil Texas Int’l Petroleum Texas Oil & Gas Texas Pacific Oil Co. Tipperary Land & Exp. Trans. Ocean Oil United Canso Oil & Gas Webb Resources Westates Petroleum Westcoast Production Co. Western Decalta Wilshire Oil of Texas
JSH Coverage--January 1980 INDEPENDENT E&P COMPANIES 45 Survivors Amarex, Inc. Amerada Hess Asamera, Inc. Belco Petroleum Butte Oil & Gas Canadian Homestead Equity Oil & Gas Felmont Oil Forest Oil General American Oil Great Basins Petroleum Gulf Oil Canada Hamilton Bros. Petroleum Helmerich & Payne Home Oil Hudson's Bay Oil & Gas Husky Oil, Ltd. Imperial Oil Inexco Oil Conoco, Inc. Consolidated Oil & Gas Kirby Petroleum Crystal Oil & Land Dome Petroleum Noble Affiliates Ocean Drilling & Exp. Energy Reserve Group Louisiana Land & Exp. Mesa Petroleum Pauley Petroleum Pennzoil United Petrofina Canada Ranger Oil Reading & Bates Sabine Corp. Scurry-Rainbow Southern Natural Resources Southland Royalty Texas American Oil Texas International Petroleum Texas Oil & Gas Tipperary Land & Exploration Trans. Ocean Oil United Canso Oil & Gas Webb Resources Westcoast Production Co. Wilshire Oil of Texas
JSH Coverage 1990 & 2004 INDEPENDENT E&P COMPANIES Jan 1990 - 14 Survivors Amerada Hess Equity Oil & Gas Forest Oil Mesa Inc. Noble Affiliates Nov 2005 – 4 Survivors Amerada Hess Equity Oil & Gas Pennzoil Forest Oil Home Oil Helmerich & Payne Ranger Oil Reading & Bates Imperial Oil SONAT Louisiana Land Wilshire Oil of Texas Imperial Oil Noble Energy
OXYMORONS JSH Favorites
Greater Houston Energy Education Collaborative G. H. E. E. C. 26 Members & Growing Associations Schools § § § § Society of Petroleum Engineers (SPE) Houston Geological Society (HGS) Independent Petroleum Association of America (IPAA) American Petroleum Institute (API) Women in Energy Network Houston-Galveston Area Council UH-GEMI Energy Students Association Texas Oil & Gas Association State of Texas Industry Cluster/Energy Engineering Council of Houston § § § § Organizations § INROADS § Offshore Energy Center § Junior Achievement § Education Foundation of Harris County (EFHC) § Watson Wyatt Texas A&M San Jacinto College Rice University UH- Cullen College of Engineering UH- Global Energy Management Institute Environmental Institute of Houston (UH-Clear Lake) Houston Community College System (HCCS) HISD San Jacinto College Texas Southern University HUNSTEM
G. H. E. E. C. Mission § To RAISE AWARENESS and HEIGHTEN INVOLVEMENT of all students into energy-specific education § To LEVERAGE ACTIVITIES of its key constituencies to have greater impact on achieving the fundamental mission § To become the LEADING ENERGY EDUCATION COMMUNITY that leverages off Houston’s energy know-how and is a role model for initiatives in other communities
If you are worried about the “Graying” of the Oil Industry
Greater Houston Energy Education Collaborative G. H. E. E. C.
Greater Houston Energy Education Collaborative G. H. E. E. C. Petroleum Engineering Starting Salaries are Rising Sharply 2005 Graduates Engineering Business Geosciences
Greater Houston Energy Education Collaborative G. H. E. E. C. Leverage Strategy § Consensus for a flexible, solutiondriven collaborative that provides opportunities for: § NETWORKING and sharing § LEVERAGE off each other § Providing critical mass for organizations to INCREASE IMPACT and influence results (e. g. leveraged marketing)
Greater Houston Energy Education Collaborative G. H. E. E. C. 3 Task Force Groups § Content – Capability Framework § Marketing – Promotion of Workforce Challenges and Solution-Oriented programs § Policy – Impact Educational Public Policy
Greater Houston Energy Education Collaborative G. H. E. E. C. Showcase Of the Programs § Jeanne Perdue (Society of Petroleum Engineers) § Brenda Wiser (American Petroleum Institute) § Kristina Hardwick (Offshore Energy Center) § Jennifer Anderson (Junior Achievement)
Greater Houston Energy Education Collaborative G. H. E. E. C.
August 12 -16 th, 2005
August 26 th, 2005
- Slides: 29