When his manager cut his hours last fall - for what seemed like the tenth time since the pandemic started - Colby Edgington pledged to never step foot in the oilfield again.
For two decades, he鈥檇 regularly earned six figures driving moving trucks for various oil companies in Weld County and across the west. But then, in the beginning of 2020, oil prices tanked. Fewer rigs needed to be moved.
Edgington鈥檚 income trickled to less than half of his regular pay. Family pressures built up. He sold his house because he couldn鈥檛 afford the mortgage. He got a divorce.
Then, Donald Trump, a staunch oil and gas ally, lost the election. Around the same time, Colorado passed another major set of
The whirlwind all brought Edgington to a life-changing realization: He needed to jump ship.
鈥淚 took a job hauling construction equipment,鈥� he said. 鈥淚 already lost a lot of personal stuff because of the stress (of oil and gas). It wasn't really something that I wanted to hang on to any longer.鈥�
The oil industry is still reeling from a historic bust brought on by the coronavirus pandemic.
In Weld County, where most of the state鈥檚 oil is produced, the skyline is no longer dotted with drill rigs. Local tax revenues have dwindled. Many drivers, electricians, welders and rig hands, previously in demand, are finding themselves out of work.
Meanwhile, on the national stage, President Joe Biden is pivoting the country鈥檚 focus toward . Colorado is charting its away from fossil fuels as well.
The shifting political and economic winds are forcing many in the state鈥檚 oil and gas industry to reckon with their future career prospects. Some are finding work in different fields. Others are staying put, hoping for another boom.
Edgington, who has seen multiple booms and busts during his career, said he鈥檚 鈥渄one-done鈥� with oil and gas.
鈥淭he rollercoaster ride is over with,鈥� Edgington said. 鈥淵ou know, I don鈥檛 think Colorado will come back drilling like it ever was.鈥�
皇冠网址 spoke with half a dozen oilfield workers about their thoughts on the new Biden administration, Colorado鈥檚 shifting regulatory environment and their future job prospects. The sentiment toward current state and federal political agendas was mostly negative. But many still felt fierce pride in their work, even if they planned to leave the field in search of more steady employment.
Jack Hamlin, a co-founder of the Facebook community Energy Strong Colorado, said he鈥檚 seen his group鈥檚 tone shift over the past several months. The group has several thousand members and focuses on advocating for the industry at the local and state level.
Hamlin said recent regulatory changes on the state level, combined with Biden鈥檚 , have made people more worried about the future.
鈥淲e get messages for people looking for help, what they can do, voicing their frustrations,鈥� Hamlin said. 鈥淚t鈥檚 been a tough year from a morale standpoint.鈥�
Hamlin, a petroleum engineer based in Denver, saw his company鈥檚 backlog of work vanish in a matter of weeks. His employer went through several rounds of layoffs. Many of his colleagues have either retired or moved on to other careers, he said.
Still, he鈥檚 not planning on changing careers any time soon. Oil is 鈥渋n people鈥檚 blood,鈥� he said.
鈥淚鈥檒l stay until I realistically can鈥檛. I got into this industry because I believed in its intrinsic goodness,鈥� Hamlin said. 鈥淚t does good for people. It helps people travel and it heats your homes and helps you drive to work. That鈥檚 all fossil fuels, man.鈥�
Hamlin feels like the full economic impact of Biden鈥檚 first executive orders won鈥檛 be felt in Colorado for some time. But he does see them as harbinger of where the energy industry is headed long-term.
鈥淚f I was graduating college right now with a petroleum engineering degree, I would probably not be planning to have my entire career in oil,鈥� he said.
Over the past decade, Colorado has grown to become the country鈥檚 fifth largest oil-producing state. have found drilling and maintaining Colorado鈥檚 wells employs as many as 90,000 people when prices are good.
The exact scale of job loss due to the most recent bust is still unclear. State data shows at least 7,500 energy workers filed unemployment claims between March and mid-December 2020. But that number doesn鈥檛 include jobs in other industries, such as food service and transportation, that support drilling.
The speed of recovery is uncertain. Even if the pandemic gets under control by the end of 2021, the state likely won鈥檛 recover the damage for years, economists say.
鈥淚t鈥檚 been a tumultuous, tumultuous year to say the least,鈥� said Richard Wobbekind, senior economist at the University of Colorado Boulder鈥檚 Business Research Division. 鈥淲e鈥檙e anticipating a continued drop off (in total oil production) in 2021 and very, very few new wells and rigs in the state.鈥�
Today, oil is selling for slightly above $50 per barrel, which is right around the break even point for most Colorado drillers. Despite that, most companies are waiting for prices to come back up - and stay there - before they start drilling new wells, said Bernadette Johnson, vice president of energy analytics at the market research company Enverus.
鈥淲e鈥檙e kind of running a skeleton crew,鈥� Johnson said. 鈥淚 think it鈥檚 good news that hopefully the painful period and bulk of the job loss is mostly over.鈥�
Even in light of the new administration's pivot towards cleaner energy, Johnson said she expects drilling activity - and jobs - in the oilfield to pick back up once COVID-19 vaccines are widely distributed and consumer confidence spikes.
鈥淭here鈥檚 absolutely a need for us to continue to keep the lights on, keep vehicles moving, keep planes in the air, plastics, so all of those things are still true,鈥� Johnson said. 鈥淔or us in Weld County, it means a lot of the industry that鈥檚 focused on oil and gas drilling, it鈥檚 going to be needed going forward.鈥�
Until then, the uncertainty is weighing heavily on those who make a living from drilling.
Roy Ramirez opened his Ft. Lupton oilfield services business Ramco Services in 2013, when oil prices were hovering around $100 per barrel.
The son of a Mexican immigrant, his father had worked in the oilfield for 30 years, and Ramirez aimed to carry on in the family business.
At the start, work was everywhere. Business boomed. Within five years, Ramirez hired dozens of staff and grew his team to more than 50 employees to help maintain drill sites across Weld County.
Then, in early 2020, he started to notice he was getting fewer calls. His clients, mainly large oil companies, weren鈥檛 drilling as many new wells because the coronavirus had killed demand. In the spring, oil鈥檚 market price briefly for the first time, sending a shock wave through the industry.
When work dried up, Ramirez laid off half of his staff. It was an emotional gut-punch.
鈥淚 have three or four guys that just had babies,鈥� he said. 鈥淚 took that into consideration this time because I know they need to continue working.鈥�
In the months since, Ramirez has started to diversify, taking jobs moving dirt and 鈥渁nything to keep the revenue coming in.鈥� He still keeps in touch with his former employees. Many went on to find jobs in construction or landscaping, which often pay less than oil and gas, Ramirez said.
He sees Biden鈥檚 victory as a threat to his business鈥� recovery. He balked at the president鈥檚 decision on his first day in office to cancel work on the
鈥淲ith one swipe of the pen, they got rid of almost 11,000 jobs,鈥� Ramirez said.
On top of that, Colorado recently upped its minimum setback distances for new wells to 2,000 ft., a change that could make it in Northern Colorado in the future. The Colorado Oil and Gas Conservation Commission also revamped its mission to 鈥減rotect public health and safety鈥� above fostering industry growth.
Ramirez said he can no longer envision what his business looks like in five to 10 years. Instead, he鈥檚 just focused on finding enough work to survive month-to-month.
鈥淚鈥檒l fight the whole way - the whole way - to figure out what I can do to keep my company, to keep my guys and their kids and my kids fed,鈥� he said. 鈥淭his is my legacy.鈥�
Colby Edgington, the rig mover, says he鈥檚 looking forward to a slower pace of life. Construction has more predictable hours than oil and gas.
He also thinks, if he works hard, he could get his income back up to where it was in the oilfield.
鈥淲hen you look at planning a life and a family and everything and you鈥檙e trying to stabilize your income, it makes it extremely difficult when there鈥檚 nothing stable about the industry,鈥� Edgington said. 鈥淚 lost 150 pounds of stress when I left.鈥�
