Navigating Workforce Reduction in Oil & Gas
Description
JP Warren hosts a knowledge-sharing Energy Crue podcast focused on a Crue Club operator mastermind roundtable discussing critical industry challenges facing oil and gas professionals today. The conversation explores how the industry has reduced its workforce by 37% while increasing production by 47% over the past decade.
• Industry experiencing significant workforce reduction despite healthy profits and increased production
• Five factors driving workforce trends: investor pressure, consolidation, increased efficiency, AI integration, and overseas outsourcing
• Strategic networking outside your organization provides career stability in volatile markets
• 85% drop in petroleum engineering enrollment creating knowledge transfer challenges
• Mentorship declining while management increases, exacerbating knowledge retention issues
• Consolidation leading toward just 4-7 major operators controlling the Permian Basin
• Service companies finding success through collaboration rather than price competition
• Leadership and people skills remain critically important as technical work gets automated or outsourced
• Building relationships and providing value beyond price key to long-term success
If you're interested in joining a Crue Club operator mastermind roundtable discussion, head over to crueclub.com to learn more about upcoming events in Houston, Dallas, Denver, Fort Worth, and other locations.
United States
