For those of you who may know or remember this scene in Monty Python’s “Holy Grail” movie, we’d like to proclaim that despite the black plague that has loomed largely over the oil and gas industry in the past two years …We Are Not Dead Yet, and rather we are alive and kicking! We are happy to report that Onesource is witnessing an uptick in the market especially among the small, privately funded companies. Oil prices have steadied, natural gas prices are strengthening with both predicted to rise slowly and hiring activity increasing.
In the past six weeks we have enjoyed the opportunity, through good fortune, deep relationships and process, to successfully fill five key positions for new and existing clients– including the President of a small specialty O&G service company, an Operations Manager position, as well as specialty skilled Production, Reservoir and Financial Analysts. All of this activity is definitely a sign of the market for proven, talented candidates moving in a better direction.
The challenge that companies will face in months ahead is a predicted significant shortfall in experienced talent with the “boomers” actually retiring and younger talent fleeing to more stable industries. There will be an even bigger shortage of qualified staff and experience gap when the oil and gas industry makes a full recovery.
Long term thinkers and survivors in the petroleum space will be leaner and will require talent that can do more with less. Ironically, partnering with a proven, specialty search firm like Onesource Professional Search is more critical now versus in boom times in order to identify and persuade top performers to consider leaving their current employer for a new opportunity.
High grading your staff now prior to a full market recovery is a powerful and wise strategy. Given our stability, knowledge, proven track record, and deep oil/gas network, we are positioned to help you round out your team, allowing a fast response when the market makes the recovery that is sure to come. Dave Mount(dmount@onesourcepros.com / 985-778-2901) and Henry Shurlds(henry@onesourcepros.com / 985-778-2902) are eager to discuss your current and projected needs, and be sure you are set for success.
