Tuesday, February 01, 2011

Thank China's Cnooc for bringing some better-paying jobs to Wyoming

So, some of that money that we paid for Chinese-made gewgaws at Wal-Mart is finding its way back to Wyoming and Colorado. And the jobs that this overseas investment spawns are a cut above the pay scale of most Wyoming jobs, including those in state government. Here's a story from today's Denver Post:
Cnooc, China's largest offshore energy producer, has agreed to pay $570 million in cash for a one-third stake in Chesapeake Energy's Niobrara shale project in Colorado and Wyoming.

The deal is expected to accelerate drilling and job growth in the region, potentially adding as many as 1,600 direct jobs and a larger number of support jobs.

Cnooc also agreed to pay as much as $697 million, up to two-thirds of Chesapeake's costs to drill and complete wells in the area, the companies said Sunday.


The average pay for a rig employee, Dill said analysis has shown, is about $79,300. Jobs indirectly related to the rigs, such as pipe handlers and suppliers, pay about $64,000. Community-level support jobs on average pay about $36,400.
Those "community-level support jobs" no doubt include some of the better positions at Wal-Mart.

Median pay for various Wyoming jobs, according to payscale.com:

Project Manager, Construction, $61,865
Executive Director, Non-Profit Organization, $52,029
General / Operations Manager, $55,500
Retail Store Manager, $38, 194
Registered Nurse, $52,846
General Manager, Hotel, $46,500
Operations Manager, $50,000

Now if we can only figure out ways to ship more coal to China through Washington State we'll be set for life (although the planet will be worse off).

Read more at http://www.denverpost.com/business/ci_17254746#ixzz1CljTRAzF

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