Is Petroleum Engineerig still worth it?

<p>Lots of jobs in NE in petro now. We just explored in Western New York.</p>

<p>Im really intersted in the PE field and I have been in contact with around 7 colleges that offer the Petroleum Engineering Program. From what I have read there is a Oil boom right now and it is no problem at all to get hired right after college. </p>

<p>What have you heard?</p>

<p>If you are interested in the material and it sounds intriguing, by all means, go for it. However, don’t chase a job market, especially considering a ton of people are considering the exact same strategy you are. </p>

<p>[Could</a> Oil-Fed Enrollment Boom Lead To Bust At U.S. Colleges? - Forbes](<a href=“http://www.forbes.com/sites/lorensteffy/2013/06/25/could-oil-fed-enrollment-boom-lead-to-bust-at-u-s-colleges/]Could”>Could Oil-Fed Enrollment Boom Lead To Bust At U.S. Colleges?)</p>

<p>Just because oil is in a boom now does not mean it will be when you graduate. There is an abundance of kids reading about the potential pay of petroleum engineering off of yahoo news or wherever you heard it from that think they will be earning up to six figures as a starting salary in 4 years. Think about it, every recent highschool graduate has the same mentality as you. Its a gold rush and soon it very well could get over saturated with people thinking they are going to make a quick buck. On a very positive note, there are only a few handfuls of colleges offering this degree, keeping the supply low.</p>

<p>Yeah I heard the same stuff. Apparently tons of people do it for the money right now, but I mean look at how many colleges even offer the program… Under 20. So it can’t be that much. And if you look at the number of PE engineers that are going to retire in the next years then I doubt it will be hard do find a job!
In older threads there were some people who were studying Petroleum Engineerig like “Forevee LSU”, what do u guys think or just people who have connections to the oil and gas industry? </p>

<p>Thanks</p>

<p>College itself is becoming oversaturated lol. I think we are in a much better position now than people say entering highschool now and should take full advantage of it. I personally am going to UAF for PetE because of the location and the tuition; i get instate because im in CA. It has been my assumption (correct me if im wrong) that UAF petroleum students will have less of a hard time regarding employment because UAF specializes in operating in cold environments and lo behold there is a lifetime supply of oil in Alaska. Employment has been100% for graduates and I have not heard about any problems getting internships. In Texas graduates need to have a 3.5 GPA and that is going up every year, just to get an internship! An indication of that over saturation.</p>

<p>That sounds interesting. Well I’m from Germany and I lived in the USA for a year and visited the USA a lot of times after that. It’s a great place and I would defiantly be willing to work in the USA or for a USA company. And since there is no petroleum engineering program in germany, I really need to come to the USA for college, but i wanted to study there anyways. So you think 3.5 Gpa for internships? At least? Idk about that I have heard from people getting internships with lower gpas! </p>

<p>Anybody else studying PE? How do you like it?</p>

<p>Dont take my word for it but I read another forum where a Texas A&M student mentioned the rising GPA requirements just for an internship.</p>

<p>Alright. I would love to work in Alaska. You mentioned that your school trains PE’s more for cold areas? </p>

<p>Are u satisfied with choosing PE?</p>

<p>As far as I know, yes. But I do not know if PetE graduates from texas would be just as qualified as UAF graduates to work in a cold environment as far as company hiring is concerned.
I am somewhat satisfied with PetE. I wish is was not so much of an open secret as it is now. So many students will come rushing into the major for all the wrong reasons and on top of that the price of oil plays a large factor into the unemployment rate. I cannot see myself doing anything else but having a plan B is essential because of the instability of the job’s prospects. Noone knows what the future of PetE looks like but keep in mind there are a limited supply of schools offering the major thus limited supply of Petroleum Engineers (considering their departments don’t keep inflating as we have seen the past few years).</p>

<p>Yes I agree with you. The price of oil is essential to the unimployment rate! But if you go online and read about the future of PE then the field is supposed to grow 17% until 2020, I blieve. And a lot of people are retiring.
So many people do it because of the wrong reasons ( salary for example), and that’s sad. Im not that type of guy. I doubt the barrel of oil will be even close to the one in 2008-09! It most likely will stay where it is for a whole and/or rise. That’s what analysts that work in the stock market sector say. (of cause we can’t rely on their statement, but still)</p>

<p>Agreed. And maybe in our lifetimes offshoredrilling in California will become a reality and that would have huge positive impact on the field. The more scarce oil becomes, the more radical oil drilling becomes, thus forth the more engineering that goes into a drilling operation.</p>

<p>Why don’t big oil companies already do it now ?
Are you a freshman?
Did you already get an internship?</p>

<p>Environmentalists lobbying keep the drilling off the coast to a minimum. I’m not up to date on all the politics but basically they recognize the potential environmental hazard of offshore drilling. I am in my second year at a CCC, transferring to UAF, CSM, or TAMU summer of 2014. So no, I won’t get an internship until 2015.</p>

<p>TAMU is pretty good. I have been in email contact with then recently</p>