Brother has an interview with HF Sinclair up in Dallas. Anyone heard anything good or bad about them?

Tormentos said:

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Hate to say it but after 22+ years in the industry I have recently separated from the company I was at due to a merger.

Does anyone have any director/executive level recruiters or headhunters in the Houston area they would recommend?

Thanks

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Was this your decision? The market is a little shaky right now. Shell is going through a "transition" right now….

nu awlins ag said:

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Tormentos said:

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Hate to say it but after 22+ years in the industry I have recently separated from the company I was at due to a merger.

Does anyone have any director/executive level recruiters or headhunters in the Houston area they would recommend?

Thanks

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Was this your decision? The market is a little shaky right now. Shell is going through a "transition" right now….

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No. This was a merger which affected our c-suite and some senior management positions, myself included.

Tormentos said:

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nu awlins ag said:

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Tormentos said:

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Hate to say it but after 22+ years in the industry I have recently separated from the company I was at due to a merger.

Does anyone have any director/executive level recruiters or headhunters in the Houston area they would recommend?

Thanks

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Was this your decision? The market is a little shaky right now. Shell is going through a "transition" right now….

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No. This was a merger which affected our c-suite and some senior management positions, myself included.

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Sorry to hear. I'll keep my ear out for anything. Halliburton has been having layoffs that started last week.

Tormentos said:

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nu awlins ag said:

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Tormentos said:

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Hate to say it but after 22+ years in the industry I have recently separated from the company I was at due to a merger.

Does anyone have any director/executive level recruiters or headhunters in the Houston area they would recommend?

Thanks

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Was this your decision? The market is a little shaky right now. Shell is going through a "transition" right now….

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No. This was a merger which affected our c-suite and some senior management positions, myself included.

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Assuming SWN/Chesapeake that closed out this week?

Tormentos said:

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Hate to say it but after 22+ years in the industry I have recently separated from the company I was at due to a merger.

Does anyone have any director/executive level recruiters or headhunters in the Houston area they would recommend?

Thanks

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Commercial or operational?

What platform do some of you use to monitor natural gas prices? Particularly interested in Waha hub pricing.

Google searches don't yield a great real time and historical price chart.

NYMEX: HHW00 has good results.

Bumping for any personal knowledge of HF Sinclair in Dallas ... good, bad, or indifferent. TIA

Anyone on here have any experience or insight into being a PETE at a major bank? I'm pretty far into the interview process and they mentioned the long hours multiple times, then after the interview the head guy asked for 5 minutes alone to ask for a comp and to tell me to mull over the position and hours. It's like they're trying to scare me out of the position…. Is it really as bad as they make it out to be?

miller0926 said:

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Anyone on here have any experience or insight into being a PETE at a major bank? I'm pretty far into the interview process and they mentioned the long hours multiple times, then after the interview the head guy asked for 5 minutes alone to ask for a comp and to tell me to mull over the position and hours. It's like they're trying to scare me out of the position…. Is it really as bad as they make it out to be?

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My father in law worked for TPH (Bobby Tudors company in Houston). He had retired and left Linn after it went to crap. He got bored, took some fancy finance exams and started working at TPH at 58 years old. It was during the time I was engaged to his daughter. For two years we pretty much never saw him. He was doing easily 60-70 hrs a week. Missed going to A&M games. Not sure how old you are or how senior your position is, but you will be doing slave labor. Prepare for 60 hrs minimum.

Nice him to reiterate to you to strongly consider the position and the commitment it requires.

Yeah it sounds like the boss is trying to make sure you understand the commitment they are asking/expecting. He's doing both of y'all a favor so you don't potentially take a job you may or may not want, and he is making his best effort to make sure they hire the right person.

If you are interested in the position, now sounds like a good time to negotiate what you want.

Sounds like JPM in Dallas. It's not a terrible grind but during reserves, you gotta grind.

Care to share how many years experience you have? If you're young, you'll be a grunt. Older, you'll get more face time with clients. Either way, depending on your careers goals, it can lead to good connections and good opportunities down the road. But yes, it'll be a grind.

miller0926 said:

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Anyone on here have any experience or insight into being a PETE at a major bank? I'm pretty far into the interview process and they mentioned the long hours multiple times, then after the interview the head guy asked for 5 minutes alone to ask for a comp and to tell me to mull over the position and hours. It's like they're trying to scare me out of the position…. Is it really as bad as they make it out to be?

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Is this an investment bank that works on oil and gas M&A or a commercial bank that participates in RBLs? If an investment bank, expect very long hours. Mostly meetings and phone calls from 9-5 then actual spreadsheet work from 5pm-around midnight. If a commercial bank, don't worry about the hours, it should be "banker's hours". It's mostly reviewing 3rd party reserve reports and applying the banks price deck, discount rates, and concentration parameters. Some of the most financially successful PETEs I know actually started as commercial bank engineers: Mike Black, Autry Stephens, and Tim Leach to name a few.

2nd above, if this is A&D reserves work, it's a big time commitment. If it's a commercial bank doing reserves work, nod your head and if your competent can do the work within normal work parameters.

CaptnCarl said:

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What platform do some of you use to monitor natural gas prices? Particularly interested in Waha hub pricing.

Google searches don't yield a great real time and historical price chart.

NYMEX: HHW00 has good results.

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Do you want historical prices or spot prices when the market is open? There's a couple people on twitter who are always first to discuss WAHA prices. I've reached out to them about how they get their data and its all behind paywalls that their companies front the bill for. I think NGI gives you access to spot price and ICE gives you daily reports of the price movement.

TxAg20 said:

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miller0926 said:

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Anyone on here have any experience or insight into being a PETE at a major bank? I'm pretty far into the interview process and they mentioned the long hours multiple times, then after the interview the head guy asked for 5 minutes alone to ask for a comp and to tell me to mull over the position and hours. It's like they're trying to scare me out of the position…. Is it really as bad as they make it out to be?

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Is this an investment bank that works on oil and gas M&A or a commercial bank that participates in RBLs? If an investment bank, expect very long hours. Mostly meetings and phone calls from 9-5 then actual spreadsheet work from 5pm-around midnight. If a commercial bank, don't worry about the hours, it should be "banker's hours". It's mostly reviewing 3rd party reserve reports and applying the banks price deck, discount rates, and concentration parameters. Some of the most financially successful PETEs I know actually started as commercial bank engineers: Mike Black, Autry Stephens, and Tim Leach to name a few.

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I have friend in Ok City that does this. He works hard but not like you described.

miller0926 said:

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Anyone on here have any experience or insight into being a PETE at a major bank? I'm pretty far into the interview process and they mentioned the long hours multiple times, then after the interview the head guy asked for 5 minutes alone to ask for a comp and to tell me to mull over the position and hours. It's like they're trying to scare me out of the position…. Is it really as bad as they make it out to be?

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Family friend had a PhD in PETE, did his decades in industry, took a retirement package one of the downturns and took up a second career assisting banks with deals for about a decade now. He's clearly made his money and is doing this to basically pad the account, keep his brain running, and fund some lifestyle expansion they wouldn't do if they had to just rely on their investments.

He truly works 'part time', probably 25-35 hours a week reviewing the reservoir estimates that underpin deals. He's the only person I know who is happy with the trade off of time versus pay in that industry. He's also one of the few people positioned to be able to finagle a position like that.

So as a first step into a career its going to be a grind. As a last step, it'll still be a grind every now and then but you can dictate a bit more of your hours and contributions.

So step one to enjoying a PETE banking career: Go get a phd in PETE.

BEAUTIESSS

I need to learn to FF.

Is that the same dude?

Pretty sure the first is a woman…

Ah sheet. Feel like a D. Sorry.

Sure is quiet on the A&D side

With the big deals closing, surprised they aren't selling off non core assets to PE backed groups currently 'looking for assets'

Who is next to get started??

I know this isn't a the Pol forum, but I am interested to hear this thread's thoughts on the potential effects of a Trump presidency on the US oil and gas sector.

Many of the opinions I've seen so far on Twitter would suggest he would be bearish for oil, while a few don't believe the industry is in a place to drill the price down to whatever low number Trump might post on social media.

Personally, I don't think either candidate is in a place to dictate the oil price much, outside of additional SPR releases.

Not posting this to promote dooming or pessimism, just value the thoughts of folks here that I know are smarter and more insightful than me.

MAROON said:

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tend to agree. Investors are not incentivizing management to drill in excess of cash flow (like they did in Trump's first term). For that reason, I don't see a significant increase in drilling.

I do think he will loosen up regs and permitting which will allow some LNG projects to get greenlighted and move forward.

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Spot on. The approach both the US industry and OPEC+ have taken post Covid (and May 2020, oooff) doesn't lend itself to errant activity. If the next president hopes to dictate the price simply by vocal request, I think it will be a frustrating endeavor.

The prospect of LNG projects have some room to run would be nice.

Dreigh said:

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MAROON said:

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tend to agree. Investors are not incentivizing management to drill in excess of cash flow (like they did in Trump's first term). For that reason, I don't see a significant increase in drilling.

I do think he will loosen up regs and permitting which will allow some LNG projects to get greenlighted and move forward.

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Spot on. The approach both the US industry and OPEC+ have taken post Covid (and May 2020, oooff) doesn't lend itself to errant activity. If the next president hopes to dictate the price simply by vocal request, I think it will be a frustrating endeavor.

The prospect of LNG projects have some room to run would be nice.

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But ultimately, while good for the industry, the LNG projects would increase demand for NG and drive up price unless there is compensatory supply increases.

LNG exports are relatively flat the last few years, but are up huge over the last 10. How has that impacted price? My impression is that export facilities are still a huge bottleneck and there's plenty of supply to continue increasing that.

IF, and it's a big if, Trump is able to dismantle ESG as he has alleged, then we may at least see some additional investment. It could also potentially loosen the sentiment on the industry and encourage activity / growth. Oil and gas has been the number one target of investment activism.

Dreigh said:

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MAROON said:

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tend to agree. Investors are not incentivizing management to drill in excess of cash flow (like they did in Trump's first term). For that reason, I don't see a significant increase in drilling.

I do think he will loosen up regs and permitting which will allow some LNG projects to get greenlighted and move forward.

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Spot on. The approach both the US industry and OPEC+ have taken post Covid (and May 2020, oooff) doesn't lend itself to errant activity. If the next president hopes to dictate the price simply by vocal request, I think it will be a frustrating endeavor.

The prospect of LNG projects have some room to run would be nice.

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I doubt LNG picks up if he wins. We are already going to double LNG export capacity over the next 3 years. Canada is bringing export capacity online. The truth is people were getting nervous and kicking FID decisions in LNG out the curve over and over again. There's really no market for more LNG in the short term. There's not an endless pool of LNG demand globally. Nobody should rationally FID another LNG project for at least 4 or 5 years.

If he does win the presidency (a big if) I look forward to people on this thread justifying his 2am tweets about some deal where Saudi Arabia will bring on 2MMBOPD every two months sending crude prices tanking is somehow "good" for the oil industry. The market is already teetering on oversupply. I certainly "enjoyed" trying to get capital for a new rig line and then suddenly crude drops from $45 to $40 because he sent out a tweet. The only good thing about working in the industry when he was president was the lack of capital discipline by the companies themselves.