Notes From the Fieldby Martin Weil

May 8, 2013

Need a job? Think Texas.


  • A donut house in Blaine TX is hiring at $18.50 per hour and having trouble.
  • If you have a commercial driver’s license, you will be hired at $105,000 to drive an oil rig, no experience necessary and high school diploma optional. An experienced driver starts at $125,000. (I hear the same holds in the shale oil regions of N Dakota and Montana)
  • Unemployment rate in Midland is 3% and anybody who wants to work will find a job – all energy related.

From 361 Capital Research Weekly

The 361 folks also suggest that those who are college-bound think of focusing on math skills, noting this list of starting salaries (from the WSJ) for college grads in various better-paid professions today:

  • Petroleum Engineering: $93,500
  • Computer Engineering: $71,700
  • Chemical Engineering: $67,600
  • Computer Science: $64,800
  • Aerospace/Aeronautical/Astronautical Engineering: $64,400
  • Mechanical Engineering: $64,000
  • Electrical/Electronics and Communications Engineering: $63,400
  • Management Information Systems/Business: $63,100
  • Engineering Technology: $62,200
  • Finance: $57,400
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