Finally Oil Price Breached $51- Texas Oil Industry Gearing Up For Massive Oil Boom
Its finally Happening! Finally, Oil rose to the highest in more than a year on Monday, surpassing $50. This is exactly what we have been waiting for. The state of Texas is heading for its next oil boom The oil and gas industry is coming alive thanks to the trending price of crude oil. It’s about to get very active in Texas. The price of oil is done crashing, we are on the rebound and the price will continue to climb. Oil traded near a 15-month high in New York amid uncertainty over whether Russia would join an OPEC deal to curb supply.
Oil rose to the highest in more than a year on Monday after Saudi Arabia expressed optimism that Organization of Petroleum Exporting Countries would work out a deal and Russia voiced its support. An increase to $55 a barrel would probably skyrocket North American production while trimming global demand growth, IEA Executive Director Fatih Birol said Tuesday. U.S. output has already halted its decline as higher prices revive drilling….
Its finally Happening!! The state of Texas is about to go back into production mode, now is the time to start planning your move into a career position in the oilfield. Many oil field jobs in Texas can start you out around six figures with plenty of room to advance into even better paying oil jobs. Get the word out, share the good news Texas is back in business. The oilfield is on the rebound, now is the time to start getting ready to get back to work.
West Texas Intermediate oil for November delivery fell 5 cents to $51.30 a barrel at 9:20 a.m. on the New York Mercantile Exchange. Prices rose $1.54 to $51.35 on Monday, the highest close since July 2015. Total volume traded was 77 percent above the 100-day average.
Brent for December settlement slipped 11 cents to $53.03 a barrel on the London-based ICE Futures Europe exchange. The contract rose 2.3 percent to $53.14 on Monday, the highest close since Aug. 31, 2015.
Rosneft Chief Executive Officer Igor Sechin said an increase in prices above $50 would make U.S. shale projects profitable, he said. Leonid Fedun, vice president of Russia’s second-largest producer, Lukoil PJSC, said the nation’s oil companies will unify behind their government if talks with OPEC result in an agreement.
There may be a higher probability of an agreement between Russia and Saudi Arabia to cut production, but the deal may prove self-defeating if the resulting increase in prices boosts supply from other producers, Goldman Sachs Group Inc. said in a note on Monday.
The Oil Companies Are Getting Back To Drilling
We’ve been watching the price of oil climb slowly over the last few months, waiting for it to go high enough to give oilfield companies the green light to start getting back to work. The oil companies are ready to get back to drilling now that the prices have rebounded. Texas is gearing up for its next oil boom, and this is the time to get in on the oil jobs. The price of oil has rebounded a bit faster than analysts predicted, causing oil companies to start hiring oil workers. The price of oil is now positive enough that oil companies can start operating at a profit. Oil companies are facing a very large deficit in oil workers, and are going to be hiring in every division of the oilfield. Get the word out now, it’s time to go back to work. The wait is over, we’ve turned the corner on low oil prices and the only way we can go from here is up.
Oil Field Jobs In Texas Are Coming Back
When the industry started slowing down many people were let go from their jobs one by one. It was an ugly time for the oil industry as many companies went under due to debt. The companies that weren’t ready for the slowdown were hit the hardest. The larger companies were able to curb spending and cut costs down just enough to keep them alive. Now that the price of oil is up, operators are eager to make up for lost time.
Oil Companies Are Facing Difficulties In Finding Experienced Oil Workers
Oil companies are faced with huge adversity in finding workers fast enough. The workforce has been uprooted and many have moved away from the industry all together. Many will not even return as they have settled into other careers after being sent home from the oilfield left without a job.
This opens the doors for many new people looking to enter the oilfield. Oil jobs are going to be available in every job category. If you’re looking for work in Texas, the oil and gas industry needs you. Now is the time to start applying and get your foot in the door at an oil company. You want to get in early so you have the upperhand at all the people that will be applying. Don’t wait for the job to come to you, go out and get it. Many of these jobs will pay just under six figures, and some well over that.
The oil and gas industry is on the road to recovery due to production cutbacks. With the slowdown, companies stopped drilling which tanked the nationwide production numbers. Globally there has been some events that were very hard on some areas. Canada fell victim to wildfires that stopped production in its tracks. Overseas there was attacks on pipelines which ended up losing millions of barrels for a long time now from flowing pipelines.
The price of crude oil is recovering faster than anticipated and is going to cause a hiring frenzy in the oil and gas industry. When oil companies are given the green light they won’t waste any time getting back to work. They need workers and they need them quick. The faster you get in, the faster you can work your way up in the industry. Start applying now don’t waste anymore time waiting for a job to come to you. Get out and pound the pavement until somebody hires you. You’ve got to be active and take the initiative. Share this post! Together we can help put everybody back to work! Texas is set to boom, and the oil and gas industry needs you! Share the post, let’s help get this out to everybody so we can get the people of Texas back to work!
Just Some Of Current Oilfield Job Openings Hiring Now
Check out some of this weeks listings below:
More openings here: http://texasoilcareers.com/
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