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Young People Ditching California Tech Scene to Become Texas Oilmen
Breitbart's Texas ^ | May 22, 2014 | Kristin Tate

Posted on 05/24/2014 1:42:03 AM PDT by 2ndDivisionVet

Silicon Valley is being snubbed for Texas by millenials around the world, who are enticed by the Lone Star State's plentiful, lucrative opportunities. Texas' booming gas and oil industry provides young transplants with the chance to find success as oil barons, businessmen, investors, engineers, and landmen.

27-year-old Mark Hiduke, a young Texas oilman, told Bloomberg News that the gas and oil boom has "created a lot of opportunity for young professionals to jump in and be given enormous responsibility. It’s pretty much tech and then energy."

Hiduke reportedly raised $100 million to build his company, PetroCore LLC, which is a mere three weeks old.

New drilling technology has shifted the focus of the oil industry, and provided an ideal opportunity for millenials to enter the scene. According to Bloomberg News, "conventional drilling" is likely to retire with baby boomers, since the technological breakthrough and the new generation of oilmen are grabbing hold of the industry simultaneously.

While gas and oil were previously highly unpredictable, the "Shale revolution" made the industry more stable and attractive to young people....

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; US: California; US: Texas
KEYWORDS: california; economy; employment; energy; fracking; jobs; oil; texas

"Black gold, Texas tea...

1 posted on 05/24/2014 1:42:04 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

And here I thought it was just New Yorkers (and New Englanders)...glad to hear that it is also spreading into California (actually not a surprise). Jerry must be really peeved!


2 posted on 05/24/2014 1:49:10 AM PDT by Deagle (ues)
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To: 2ndDivisionVet

Go South-West, young man, and young woman too. Don’t forget the North Dakota miracle still unfolding as we speak.


3 posted on 05/24/2014 1:55:52 AM PDT by lee martell
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To: 2ndDivisionVet

We can only hope they don’t bring their indoctrinated liberal voting ideas with them.


4 posted on 05/24/2014 2:14:10 AM PDT by KarenMarie (NEVER believe anything coming out of DC until it's been denied.)
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To: 2ndDivisionVet

Why the hell are Texans still paying $3.50/gallon for regular 87 octane gasoline??


5 posted on 05/24/2014 2:15:11 AM PDT by varmintman (It must really suck to be a Nazi in Kiev these days...)
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To: varmintman
Why the hell are Texans still paying $3.50/gallon for regular 87 octane gasoline??

Proceed to your favorite search engine and look up "fungible commodity" for the answer.

6 posted on 05/24/2014 4:00:35 AM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: 2ndDivisionVet

We need a law to require kalifornians to stay in the state they’ve already destroyed. Instead of allowing them to ruin the rest of the nation.


7 posted on 05/24/2014 4:20:29 AM PDT by LouAvul (In favor of reducing government to a more common sense entity.)
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To: KarenMarie
Breitbart Texas previously reported that most Lone Star State transplants appear to be conservatives seeking refuge.

Certainly true in my case. I left Ohio and never went back. I don't miss the dam taxes, state income tax, work-city income tax, residental-city income tax, some places even have school income tax. What a screwed up mess. I voted yesterday and for the first time had to show my photo ID. It's getting worse liberals.(sarc) Stay away!

8 posted on 05/24/2014 4:24:37 AM PDT by MulberryDraw (Repeal it.)
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To: MulberryDraw

You’ll find few liberal’s in the oil business, it’s not a liberal friendly environment.


9 posted on 05/24/2014 4:43:09 AM PDT by Dusty Road
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To: MulberryDraw

I voted yesterday and for the first time had to show my photo ID.
************************
I voted last Monday. It was the 4th time I haven’t had to drag out my voter registration card. All they required is my driver license, with the photo. They plug the info into a computer, get verification that it’s valid and that I live where I do, have me sign the register and send me to a voting booth.

This BS that Eric Holder and all the other race baiters keep spouting about a photo ID requirement being used to prevent minorities and the poor from voting is nothing but lies.

If people don’t have a photo ID, most States will provide one at no cost, with proof of US citizenship and residence.


10 posted on 05/24/2014 4:47:54 AM PDT by octex
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To: KarenMarie

“We can only hope they don’t bring their indoctrinated liberal voting ideas with them.”

About 90% of the time that’s like asking a polecat not to bring it’s smell.


11 posted on 05/24/2014 5:08:04 AM PDT by IMR 4350
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To: KarenMarie

They just want to work in an industry where there aren’t millions of Asian coolies waiting to take their jobs; they’re learning (especially with liberal immigration policies).


12 posted on 05/24/2014 5:57:47 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: 2ndDivisionVet

They’d better leave their left wing politics behind ... or these opportunities will disappear.


13 posted on 05/24/2014 6:00:50 AM PDT by al_c (Obama's standing in the world has fallen so much that Kenya now claims he was born in America.)
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To: T-Bird45

I don’t believe that, by all theories of economics the price should be coming down and it simply isn’t.


14 posted on 05/24/2014 6:08:10 AM PDT by varmintman (It must really suck to be a Nazi in Kiev these days...)
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To: varmintman
Why the hell are Texans still paying $3.50/gallon for regular 87 octane gasoline??

In part because it costs 3 to 5 times as much to drill a horizontal fracked well as it cost to drill a conventional well.

15 posted on 05/24/2014 6:09:07 AM PDT by Qout
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To: Qout

Thanks, that at least makes sense....


16 posted on 05/24/2014 6:14:50 AM PDT by varmintman (It must really suck to be a Nazi in Kiev these days...)
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To: Dusty Road

There are a lot more of them than you think. As these big refineries, drilling companies etc embrace the government required diversity in the workplace initiatives, you find more and more liberals in the workplace. I thought the same way you do until I went to work in a refinery for one of the big oil companies. I quickly learned that a good quarter of the people that I work with lean left, some way to the left.


17 posted on 05/24/2014 6:27:33 AM PDT by Smellin Salt
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To: 2ndDivisionVet

Let’s just hope they don’t Californicate Texas the way they did Oregon, Washington, and Montana.


18 posted on 05/24/2014 6:35:42 AM PDT by MIchaelTArchangel (Have a wonderful day!)
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To: 2ndDivisionVet

The RAT Liberals in downtown Sacramento are more concerned about Californians using plastic bags at the grocery store than the exodus of California businesses and citizens!

Liberalism is a mental disorder as proven by California politicians.


19 posted on 05/24/2014 7:12:09 AM PDT by ExTexasRedhead
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To: ExTexasRedhead
Perhaps it's more an escape from reality when your view of reality allows no hope of ever escaping it.

Sort of like knowing you are doomed to live on the deck the Titanic but people keep telling you it will never sink even though you know it has hit an iceberg, so you agree to help them keep rearranging the deck chairs!

And...you call crazy anyone who might want to urge you to take a leap of faith and cling to a Life Savior"!

20 posted on 05/24/2014 7:41:03 AM PDT by milagro (There is no peace in appeasement!)
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To: KarenMarie

The Dallas Morning News is doing it’s best to turn texas blue. Big front page promo today for Julian Castro-the Hispanic Obama. They actually think he has a chance to become governor or VP.


21 posted on 05/24/2014 8:03:59 AM PDT by dandiegirl
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To: 2ndDivisionVet

Who wants to bet that California will soon be trying to make it so folks can’t leave? I’ve learned not to be surprised by anything that happens in that screwball state.


22 posted on 05/24/2014 8:27:23 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: 2ndDivisionVet

One of my friends is in California....searching for oil.


23 posted on 05/24/2014 8:29:19 AM PDT by AppyPappy
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To: Qout; varmintman
In part because it costs 3 to 5 times as much to drill a horizontal fracked well as it cost to drill a conventional well.

Perfectly true.

They're bringing lots more oil to the surface but it isn't cheap to do.

Of course there is the rising demand in the rest of the world too, as somebody pointed out upthread.

And we have to consider also that the oil industry, possibly even more than any other, is layered and ladled and laden with government regulation.

Democrats hate oil and they hate the oil industry.

FUDems....

24 posted on 05/24/2014 8:59:07 AM PDT by Fightin Whitey
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To: dandiegirl

San Antonio’s doing the same thing...but that’s to be expected, since he’s SA mayor.

Are ANY of the outlets discussing his La Raza ties? Of course not.


25 posted on 05/24/2014 9:04:57 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: 2ndDivisionVet

This is a great way to post a Bloomberg article: have Breitbart quote 60% of it.


26 posted on 05/24/2014 9:18:04 AM PDT by Kennard
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