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Many laid-off oil field workers have left industry behind, survey finds

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HOUSTON – Many of the laid-off mechanics and roustabouts that ran drilling rigs during the oil boom have found new jobs in construction, retail and other sectors and may not come back even if the industry recovers.


A small survey by research firm Evercore ISI shows that more than half of a group of laid-off energy service workers have found work in other industries, and 4 out of 5 have left the industry, saying they wouldn’t take a job in the oil patch again — even if they could get their old jobs back or could get a better one.


“Labor constraints will be an ongoing bottleneck that will slow and prolong the North American activity recovery,” James West, an oil field analyst at Evercore, said in a note to clients Tuesday. “As for the individuals that did not re-enter the oil field, an overwhelming majority have turned their backs on the patch altogether.”


http://fuelfix.com/blog/2016/07/19/many-laid-off-oil-field-workers-have-left-industry-behind-survey-finds/


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