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Wall Street Oasis » Forums » I-Banking Bullpen
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Oil and Gas/Houston
 

PossumBelly's picture
PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/25/11 at 4:39pm
energy.JPG

For those interested in oil and gas/Houston, The Deal has a great profile of the scene as it currently stands. IB, PE, and the law all get coverage.

Energy Nexus

  • IB
  • oil
  • PE
  • Houston
  • gas
  • deals
  • energy
  • I-Banking Bullpen
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monty09's picture

great link

monty09
      EN
 
 
(Senior Neanderthal, 5,426
 
Points)
 on 4/25/11 at 4:44pm

great link

WSO Conf - June 29, 2013

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txjustin's picture

great link Cart! A must read

txjustin
      O
 
(Neanderthal, 2,473
 
Points)
 on 4/25/11 at 4:54pm

great link Cart! A must read for all aspiring energy bankers/traders.

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JeffSkilling's picture

Phenomenal link thank you.

JeffSkilling
     
 
(King Kong, 1,911
 
Points)
 on 4/25/11 at 4:56pm

Phenomenal link thank you.

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mikebrady's picture

great thanks

mikebrady
     
 
(Senior Orangutan, 385
 
Points)
 on 4/25/11 at 4:58pm

great thanks

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rufiolove's picture

definitely a solid find... +1

rufiolove
      IB
 
 
(Neanderthal, 3,566
 
Points)
 on 4/25/11 at 5:03pm

definitely a solid find... +1

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

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kimbo's picture

Nice link...thanks.

kimbo
      ST
 
 
(Senior Baboon, 223
 
Points)
 on 4/25/11 at 5:08pm

Nice link...thanks.

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JeffSkilling's picture

So how is UBS doing?

JeffSkilling
     
 
(King Kong, 1,911
 
Points)
 on 4/25/11 at 5:12pm

So how is UBS doing? Stabilized?

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HFFBALLfan123's picture

Damn, they named everyone in

HFFBALLfan123
      PE
 
 
(King Kong, 1,376
 
Points)
 on 4/25/11 at 5:43pm

Damn, they named everyone in there...

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APAE's picture

SB.

APAE
     
 
(Neanderthal, 3,712
 
Points)
 on 4/25/11 at 5:47pm

SB.

A lot of people do certain things to add days to their life. I do things to add life to my days.

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JBGH's picture

Good read, thanks! Eerily

JBGH
     
 
(Baboon, 149
 
Points)
 on 4/25/11 at 6:24pm

Good read, thanks! Eerily similar to Big Rich

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PossumBelly's picture

Glad you enjoyed it. Here's

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/25/11 at 7:54pm

Glad you enjoyed it. Here's hoping for $100+ oil and $10 nat gas...we can dream at least.

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marcellus_wallace's picture

I will take $6 nat gas! Maybe

marcellus_wallace
      ST
 
 
(King Kong, 1,643
 
Points)
 on 4/25/11 at 8:19pm

I will take $6 nat gas! Maybe even $5.50 at this point...

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In reply to marcellus_wallace
rufiolove's picture

marcellus_wallace wrote: I

rufiolove
      IB
 
 
(Neanderthal, 3,566
 
Points)
 on 4/25/11 at 8:36pm
marcellus_wallace:

I will take $6 nat gas! Maybe even $5.50 at this point...

Yeah it's tough as shit to make money with $4 gas

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

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rickyross's picture

Thanks for posting. Just

rickyross
      IB
 
(Gorilla, 551
 
Points)
 on 4/25/11 at 9:05pm

Thanks for posting. Just curious for those who are considering doing oil and gas in Houston do you think it usually helps to have ties to the area? I've got ZERO connections to Houston and oil and gas and am wondering if there might be a cultural barrier. Can anyone speak to specifics on group culture in BBs down south? i.e. I've heard they've got a fratty vibe and many of the guys working there are from local universities. TIA

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.

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PossumBelly's picture

It definitely helps to have

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/25/11 at 10:00pm

It definitely helps to have ties to the area, for two primary reasons.

One, it just helps with fit. If I know what you're talking about when you say Kirby and Westheimer, and say you live in West U and you/your kid went to Kinkaid, etc....our conversation is going to be a lot more comfortable.

Two, the banks are pretty wary (maybe more so at the associate level) of people who would secretly rather do new york and are just using Houston to break in or as a backup. So if you have ties to the area, you dont have to prove your desire to be in Houston as much/at all.

Ties to the industry are not as important, but if you do have them, it is a huge plus (more so than being from the area). The technical nature of oil and gas is such that it helps a great deal to know the lingo. Obviously this is more relevant at the associate level.

Having said all of that, it is by no means impossible to break in if you were an engineer from bumbleballs minnesota. Of those of us going to Houston from my MBA program, there are engineers, military, s&t, complete random nonsense from the insurance world, real estate and then of course a few who had oil and gas experience (but not oil and gas finance). Only about half had ties to Houston.

Id prefer to comment on the culture of the offices privately. Some are fratty by the Southern definition, not the meat head yankee definition, some not so much.

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APAE's picture

More of the 'good 'ol boys'

APAE
     
 
(Neanderthal, 3,712
 
Points)
 on 4/25/11 at 10:25pm
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A lot of people do certain things to add days to their life. I do things to add life to my days.

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PossumBelly's picture

right. i.e. cool v. terrible.

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/25/11 at 10:32pm
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JeffSkilling's picture

How big are the biggest

JeffSkilling
     
 
(King Kong, 1,911
 
Points)
 on 4/25/11 at 10:40pm
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APAE's picture

Vineyard Vines and golf

APAE
     
 
(Neanderthal, 3,712
 
Points)
 on 4/25/11 at 11:01pm

A lot of people do certain things to add days to their life. I do things to add life to my days.

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PossumBelly's picture

mmm...not that big. Citi has

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/25/11 at 11:02pm
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Rupert Pupkin's picture

Ya I would say 30-50 is

Rupert Pupkin
      IB
 
 
(Senior Gorilla, 814
 
Points)
 on 4/25/11 at 11:06pm
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monty09's picture

I agree with Cartwright's

monty09
      EN
 
 
(Senior Neanderthal, 5,426
 
Points)
 on 4/26/11 at 6:29am

WSO Conf - June 29, 2013

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JulianRobertson's picture

Thanks for the post,

JulianRobertson
      IA
 
(Senior Baboon, 232
 
Points)
 on 4/26/11 at 11:37pm
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Gongo's picture

Cartwright or Monty - ever

Gongo
      IB
 
(Senior Chimp, 18
 
Points)
 on 4/27/11 at 1:21pm
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txjustin's picture

^^Where is that located?

txjustin
      O
 
(Neanderthal, 2,473
 
Points)
 on 4/27/11 at 1:29pm
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HFFBALLfan123's picture

Acres homes....

HFFBALLfan123
      PE
 
 
(King Kong, 1,376
 
Points)
 on 4/27/11 at 1:55pm
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PossumBelly's picture

ACRES SHAKERS/MONEY

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/27/11 at 4:45pm
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In reply to Cartwright
monty09's picture

Cartwright wrote: ACRES

monty09
      EN
 
 
(Senior Neanderthal, 5,426
 
Points)
 on 4/27/11 at 5:28pm

WSO Conf - June 29, 2013

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PossumBelly's picture

You were my only hope to get

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 4/27/11 at 5:44pm
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ised's picture

it's under 59 between chimney

ised
     
 
(Chimp, 2
 
Points)
 on 4/27/11 at 7:03pm
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In reply to Gongo
MarkyMarkWahlbergWasAwesome's picture

Gongo wrote: Cartwright or

MarkyMarkWahlbe...
      ST
 
(Orangutan, 289
 
Points)
 on 5/1/11 at 6:26pm

------------------------------------------------------------------
"I just want to be a monkey of average intelligence who wears a suit. I'll go to business school!"

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pacman007's picture

I'm from that soufwest, ALIEF

pacman007
     
 
(Gorilla, 669
 
Points)
 on 5/10/11 at 12:10pm

"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

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porkbellies's picture

Anyone know of shops in

porkbellies
      IB
 
 
(Orangutan, 295
 
Points)
 on 5/18/11 at 12:02pm
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In reply to porkbellies
Rupert Pupkin's picture

porkbellies wrote: Anyone

Rupert Pupkin
      IB
 
 
(Senior Gorilla, 814
 
Points)
 on 5/18/11 at 1:06pm
    • Credits
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  • Thoughts on this? Heister brings up a good question: <em>"Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"</em> via Bloomberg: <strong>Obama Says Bernanke Has Been at Fed...
    Bye Bye Bernanke? Who Would Be Next?
  • So I've been thinking about looking into getting a part time internship at an AM firm at my college town during the fall semester to buff my resume up a little more for recruiting. My schedule isn't too tough, and I'd probably be able to do around 20-30 hours a week if I include...
    Part Time AM Internship
  • For those of you analysts that wear glasses or contacts... which of the two would you recommend? Forget about the way glasses look.... for the purposes of comfort and practicality, are one them easier on the eyes at 2am after staring at a screen for 10 hours? I'm afraid contacts might dry...
    Glasses or Contacts?
  • Did a pretty extensive search but there wasn't too much information out there. Can anyone provide some color on the pay/lifestyle/exit opps at internal strategy/M&A desks at BBs? It seems like at some banks, this desk is more of a back office role with very good hours but minimal...
    Internal strategy and M&A at a BB
  • Proposed Answer: The pay is atrocious, there is virtually no promotion potential, and the work is not challenging enough. Is this a good answer? If I was to give one answer, which one is...
    "What is the worst part of your job" interview question
  • So all new users to WSO get 6 free financial modeling lessons, 5 of my best tips for networking and my best tips for interviewing over the first month of being a user. Tonght I got a response from one of my networking tips e-mails from a slightly older gentleman that is a "financial...
    Why is this Quant so Angry and So Out of Touch?
  • Assume no CD experience pre-MBA. My thoughts are that working in CD requires making long-term investments (albeit strategic/operational, as opposed to financial), so it may force one to think like a long-term owner, a la value-oriented investing. If possible, how long should it take in CD...
    Post-MBA Corporate Development --> Fundamental/Value HF ... good path to try?
  • Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well. Please PM me....
    PE recruiting resources
  • Hi all - As i have been looking through this site, i have found their seems to be a lack on anything Australian. While that is understandable seeming as the industry is US focused, i thought i'd take the opportunity to try and develop a useful collection of tid-bits and facts by sharing...
    Answering Australian I-Banking Questions!
  • As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties. But...
    Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing
  • ...
    -
  • Hi everyone, I got admitted in the MSF programs at Olin and McCombs recently. Both B.schools are well recognized in their respective regions but I am very confused because of the following factors. Any suggestions will be highly appreciated. I would like to work in IB/ Asset Management. I...
    McCombs MSF or Olins MSF(corp track)
  • Is it possible to get sponsored for series 7 as an undergraduate intern? The company is indeed a member of FINRA. Was thinking of reaching out to one of the executives. Any advice or suggestions are greatly...
    Series 7 while on undergrad internship
  • I've supposedly had one unread PM since registering... but there's clearly no new messages there. Not a big deal but it is annoying, any way to fix...
    "1 unread message"
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Upcoming Events

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  • Advanced Excel for Finance Professionals Webcast
    Jun 18 2013 - 6:00pm - 9:00pm
  • Financial & Valuation Modeling Boot Camp (Los Angeles)
    Jun 20 2013 - 8:00am - Jun 22 2013 - 5:00pm
  • London WSO Drinks
    Jun 20 2013 - 2:30pm - 4:30pm
  • Financial and Valuation Modeling Boot Camp (San Francisco)
    Jun 27 2013 - 9:00am - Jun 28 2013 - 5:30pm
  • Crowdfunding Conference, June 27, The Yale Club New York
    Jun 27 2013 - 11:30am - 7:30pm
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
<em>Mod Note: Blast from the Past - "Best of Eddie" - This one is from June 2011.</em> <em><strong><u>Freeriding</u> :</strong> The illegal activity of buying a stock and selling it before paying for the purchase.</em> - <a...
Come On and Take a Free Ride
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