Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
3/7/2017 4:25:00 PM Write a Letter to the Editor Write a letter to the Editor

US Oil Rebound Hits Roadblock, Lack of Truckers

Even at $80,000 a Year, Trucking Jobs Hard to Fill


Daniel Acker/Bloomberg News

Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it’s keeping one of his steel-pipe shops in Houston open 24/7 and fueling a flurry of orders.

It’s stoking business for National Oilwell Varco Inc., too, with the oilfield-equipment giant for the first time in better than a decade selling more land-based than offshore gear. And it’s got Perry Taylor on the hunt for truckers to haul fracking sand. Even at $80,000 a year, jobs are hard to fill. “It’s tough,” said the CEO of Agility Energy Inc. “We’ve got commitments that are very difficult to keep right now because we can’t get the drivers.”

RELATED: A good truck driver is hard to find in tight job market

Crude is nowhere near its $100-plus highs of recent years, but drillers pounced after it steadily crept back up from the $26 bottom it sank to early last year. And as they tap more and more new wells, the rebound is spreading quickly, and powerfully, to the oilfield-services outfits that were so hard hit during the collapse.

“Everyone is so hungry,” said Joseph Triepke, founder of the industry research company Infill Thinking in Dallas. “It’s like we’re hanging a steak in front of a bunch of starving people.”

That services companies are hopping again with crude worth half what it was three years ago is thanks in large part to technological advances that help explorers to find more pockets of petroleum riches, and to drill faster and frack smarter. That last bit is key in the shale formations that hold the most promising on-land pockets of oil and gas; tapping them requires fracturing the surrounding rock with injections of water, sand and chemicals.

2 3 Next >>

By David Wethe
Bloomberg News


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2017, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement