Business

After A Frenzy, Oil & Gas Recruiting Pauses For Breath

Houston-based energy information service Rigzone is reporting a slump in recruiting for oil and gas professionals in the second half of 2012.

Rigzone’s latest Global Retention Survey reveals just 59% of U.S. respondents received calls from recruiters in the past six months. That’s down from 76% during the same period in 2011. It’s also the lowest recruiting rate of any region in the world.

“It’s coming off of what was really a frenzy in terms of recruiting the year before.”

Rigzone President Paul Caplan says new job postings fell off in the third quarter of last year as the price of oil dropped. But he says postings rebounded in January and February.

“My take on it is that, yes, cooled off just a little bit, but still a very, very strong market.”

Caplan says the long-term outlook for hiring in the oil and gas sector remains strong. The industry is anticipating a large number of openings over the next few years as baby boomers retire.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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