A large number of East Texas jobs are tied to the oil and gas industry, and the last few years have been rocky. Oil prices fell to extreme lows at the end of 2015 and since then have continued to fluctuate. The 2018 Tyler Area Chamber of Commerce Energy Summit is April 5, and Gates Brelsford is the TACC Energy Committee Chairman. Here’s what you can expect at the Energy Summit and in the year ahead.
What’s Happened Since the Last Summit
Last March in a KLTV interview Mr. Brelsford said prices were under $50 a barrel, but he and other experts predicted a climb. That prediction was correct.
Demand grew steadily. OPEC and other major suppliers agreed to trim production to support prices. The new U.S. administration lowered regulations and the situation with the Department of Energy became more favorable.
Currently crude oil is over $60 a barrel and natural gas ranges between $2.50 and $3.00 per thousand cubic feet (Mcf). This year’s energy summit will focus on what that means for Texas and the rest of the world.
The 2018 Energy Summit
The theme for the eighth annual event is “The Texas Energy Industry’s Impact on the Global Economy.” More than 300 attendants join together to hear from the following speakers:
- Bernard L. Weinstein – Dr. Weinstein is currently Associate Director of the Maguire Energy Institute and Adjunct Professor of Business Economics at Southern Methodist University’s Cox School of Business. He is the author of multiple books and articles on energy, public policy, taxes and the economy.
- Ruben S. Martin – Mr. Martin is President and CEO of Martin Midstream Partners, a publicly traded limited partnership with operations throughout the Gulf Coast region. He brings to the event his in-depth knowledge of best industry strategies and his diversified understanding of operations.
- Christi Craddick – Texans elected this Midland native to serve as Texas Railroad Commissioner in 2012. Since then Craddick has prioritized the fight against policies that stifle growth. She advocates educating the public on how the oil and gas industry impacts Texas and for responsible environmental policies.
- Ernie Cagle – Mr. Cagle is Executive Vice President of Delek US, Inc. He is also President of the company’s refineries here in Tyler and in other Texas, Arkansas and Louisiana locations. He has more than 40 years of experience in the industry and has contributed to refining technical support around the world.
- Brent Jasper – Mr. Jasper is President of Jasper Ventures, Inc. The company umbrellas Veritas Gas Processing, Vulcan Field Construction, Vanguard Processing Solutions and Viking Dew Point Conditioning. Brent’s father Jon Jasper created the company more than 25 years ago, and the family continues to make a difference in East Texas and the world.
- Michael Thomas – VME started as a small fabrication company in Tyler, and under Thomas’ leadership it has become a multi-national organization with offices in the United States, Malaysia, Singapore and Indonesia. Thomas says over the years VME has been intentional about hiring the best people they could find, prioritizing honesty and integrity.
What About Jobs?
Oil is a commodity, so it has its ups and downs. Over the last year there has been increasing price stability and greater consumer confidence. Gates Brelsford says that confidence has a significant impact on hiring.
In the first three months of 2018, East Texas has experienced a marked uptick in hiring from energy companies. Much of this is due to global forecasts. The International Energy Agency in Paris predicts over the next three years, United States production will cover 80 percent of the world’s increased demand.
That growth and stability creates confidence. When organizations look into the future and see the potential for steady growth, they feel good about hiring more staff.
The speakers at the Energy Summit of Northeast Texas have a lot of positive things to talk about. They have reasons to be excited, and here at Brelsford Personnel we share in their excitement.
Missy Ticer is a blogger and East Texas resident who found her dream job. Content is exclusively for use by Brelsford Personnel.