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.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...