{"id":2194,"date":"2019-02-19T15:37:16","date_gmt":"2019-02-19T21:37:16","guid":{"rendered":"https:\/\/onesourcepros.com\/?p=2194"},"modified":"2019-02-21T08:25:06","modified_gmt":"2019-02-21T14:25:06","slug":"onesource-welcomes-adriana-arias-to-our-oil-gas-team-2","status":"publish","type":"post","link":"https:\/\/onesourcepros.com\/onesource-welcomes-adriana-arias-to-our-oil-gas-team-2\/","title":{"rendered":"Winter NAPE 2019-Our Impressions"},"content":{"rendered":"\n<p>Our oil and gas talent search group descended upon Houston with a chock-a-block day full of meetings with clients in downtown Houston on Wednesday last week.\u00a0My initial opinion after visiting with our clients was that we were in for another year of good search assignments but would be swimming against the current more in terms of momentum for hiring experienced oil and gas professionals.\u00a0\u00a0Our clients are hiring, but very selectively, and recent M&amp;A activity is resulting in some very talented individuals hitting the streets in a compressed time period.\u00a0This influx of talent is availing hiring managers the luxury of seeing formerly passive talent, now actively competing for limited spots.\u00a0However, talented people with the right basin and type of experience are getting interviews and some multiple offers.<\/p>\n\n\n\n<p><strong>The NAPE 2019 buzz:<\/strong><\/p>\n\n\n\n<p>Given our Wednesday visits, we weren\u2019t sure if the mood at NAPE would be similar to our clients\u2019 outlooks.\u00a0Interestingly, the mood was a bit more upbeat and we would describe it as cautiously optimistic. \u00a0\u00a0Although we haven\u2019t seen an official number, 12,000+ attendees were proclaimed \u00a0registered by NAPE organizers which seemed to be accurate as Thursday\u2019s trade show floor was very full, maybe not 2007-2008 level, but still very strong.\u00a0\u00a0One CEO of a specialty O&amp;G software company told us, \u201cCompanies have adjusted to a lower price band and have figured out how to make money at $50-55, so business is good.\u201d\u00a0E&amp;P operating companies working Eagle Ford, Permian along with emerging plays in New Mexico and Austin Chalk appeared to be more enthusiastic vs. Tuscaloosa trend and SCOOP\/STACK players.<\/p>\n\n\n\n<p>1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Equity is tapping the brakes in zealously funding acreage acquisition strategies and instead investing more robustly in Mineral rights aggregation and non-operated property companies.<\/p>\n\n\n\n<p>2)\u00a0\u00a0\u00a0\u00a0\u00a0Data Analytics\/Artificial Intelligence, once an incubator idea, is now firmly planted in large to medium-sized Operating Co.\u2019s\u00a0changing the makeup of talent focused on IT developers and statisticians vs. petroleum engineers or geologists.\u00a0Will be interesting to see how this develops.<\/p>\n\n\n\n<p>3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monty Python\u2019s Holy Grail, \u201cI\u2019m not dead yet\u201d, quote is quite appropriate and companies that can be profitable in a lower price range will not only survive but prosper, albeit at a much more controlled pace.<\/p>\n\n\n\n<p>So after a very enjoyable, busy couple of days we and thousands of others are back at our desks continuing to do what we do best.\u00a0In our world that\u2019s being experts of the energy industry\u2019s people needs, seeking out passive top talent and discreetly matching them up with great clients\/opportunities.\u00a0<strong>As Dorothy once opined in the Wizard of Oz,\u00a0\u201cThere\u2019s no place like home.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our oil and gas talent search group descended upon Houston with a chock-a-block day full of meetings with clients in downtown Houston on Wednesday last week.\u00a0My initial opinion after visiting with our clients was that we were in for another year of good search assignments but would be swimming against the current more in terms<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8,39],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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