Quote:
Originally Posted by fotze
I'm not sure about that. Guess it is how you look at it. Growth volumes usually account for a small percentage of revenues. They do take a boatload of staff but the the workers required to maintain the base is huge. The incremental work for the production accounting staff for new wells is negligible. Operators and field staff tend to just absorb the new wells in infill drilling fields. New people aren't added except for large growth programs.
For new hires and contract staff, for sure the growth projects are what drives it. That's why drillers /completion/surface land folk tend to be contract staff so they can easily be added subtracted as activity goes.
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That is true from the producer side but most of the support companies (EPC, surveyors, drillers, seismic etc.) are mainly dependent on new development. The support companies make up a large part of the employment in Calgary/Alberta.
