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Words: | Submitted: Mon Jun 19 2006
... are looking for well-established earth scientists due to the lack of training resources. Virginia Knox is amongst many of those who have left Petrolin. She is a geologist with fourteen years experience, eight of which she was with Petrolin. During an exiting interview, she told Bruce her main reason for leaving and going to an independent were for money and opportunity. They offered her $90,000 a year plus a company car and 1% override on whatever oil she extracted. An override is a royalty paid on the gross revenues of discoveries and extractions made by the earth scientist. Virginia's present salary is $75,000, which is only $5,000 more than the bonus babies, who have no experience. At the independent firm she will be prospecting her own wells with a team consisting of only two or three other people, whereas Petrolin teams are very ...
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