Whitney Smith Company’s annual compensation survey of the oil and gas industry in the Permian Basin has begun, and members of the Permian Basin Petroleum Association, as well as area O&G interests of all kinds, are encouraged to participate in the study to help generate good data to be released later this year, according to Cheryl Lopez, senior vice president, Whitney Smith Company.
Lopez told PB Oil and Gas Magazine that greater participation is welcomed. PBPA itself sponsors the effort, and therefore PBPA members get a discounted price for the compiled results, when those are made available.
To participate in the survey, go to this webpage: WhitneySmithCo.com/surveys
“There are other operators and organizations that have operations in other areas besides the Permian Basin but who also may have operations in the Permian, so they may be interested in it too,” Lopez said. “Getting the survey results at a discounted price is an incentive for having a membership in the PBPA. Smaller operators, as well as larger ones, can find benefits from getting the survey results. No one has to participate in the survey in order to purchase the results later. But the more participants, the better the data.
“Also, no one actually has to have people working in the Permian to have cause for purchasing the results—some may use it for other purposes besides [wage- or salary-setting] considerations, she said. “PBPA also puts the survey invitation in their newsletter and on their website.”
The survey reports annual base salary/hourly rates, annual bonus data, and total annual compensation for over 90 benchmark positions. Each surveyed position stratifies salary data by high, low, mean, median, 25th, and 75th percentiles. Results are reported in aggregate, as well as by company size groups when sufficient data is available. All data is held in the strictest of confidence.