Oil and Gas GineersNow Magazine - 13 Best Paying Jobs In Oil And Gas Production
As the world moves away from fossil fuels, the oil and gas industry is in decline. However, there are still many well-paying jobs to be had in this field. Here are some of the best-paying jobs in oil and gas production: 1. Petroleum Engineer: Petroleum engineers design and oversee the construction of oil and gas wells. They also develop new methods for extracting these resources from the ground. petroleum engineers typically earn between $90,000 and $200,000 per year. 2. Drilling Engineer: Drilling engineers are responsible for designing and supervising the drilling of oil and gas wells. They typically earn between $75,000 and $150,000 per year. 3. Production Manager: Production managers oversee all aspects of oil and gas production, from drilling to refining to distribution.
As the world moves away from fossil fuels, the oil and gas industry is in decline. However, there are still many well-paying jobs to be had in this field. Here are some of the best-paying jobs in oil and gas production:
1. Petroleum Engineer: Petroleum engineers design and oversee the construction of oil and gas wells. They also develop new methods for extracting these resources from the ground. petroleum engineers typically earn between $90,000 and $200,000 per year.
2. Drilling Engineer: Drilling engineers are responsible for designing and supervising the drilling of oil and gas wells. They typically earn between $75,000 and $150,000 per year.
3. Production Manager: Production managers oversee all aspects of oil and gas production, from drilling to refining to distribution.
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Each state has a different policy for how workers’ comp benefits are calculated. In general,
the compensation packages include payment for:
• Temporary total disability
• Temporary partial disability
• Permanent disability
• Reimbursement of medical expenses
Step 3: The Employee Accepts or Rejects the Insurance Offer
In most cases, the injured employee will accept the compensation package offered by the
insurance provider. However, if an employee feels that the compensation is inadequate,
they have the right to pursue a settlement from the employer. Their options include:
• Accepting the compensation offer as-is
• Negotiating a more substantial structured compensation- If the employee feels the value
of the compensation package offered will not adequately cover their medical care or their
loss of income, they can attempt to negotiate a payment plan with the employer.
• Negotiating a lump sum payoff- The employee can choose to pursue a one-off settlement
with the employer. This lump sum would include an estimation of total medical expenses
and disability payments.
If the two parties formally agree on a deal, the case is closed and cannot be revisited.
Protection for You, and Your Employees
Workplace injuries are unfortunate and difficult to deal with; however, they are not uncommon.
While you may not want to think of this reality, as an employer, it’s your responsibility to
prevent workplace injury, provide workers’ comp coverage, and to respond appropriately
should an accident occur.
Fortunately, workers’ compensation insurance provides a clear path forward when injuries
happen. The design of workers’ comp coverage is twofold: it protects employees by
guaranteeing compensation and care, and it protects employers from financial ruin should
a costly accident arise.
To secure the well-being of your business and employees, be sure to regularly review your
workers’ comp policy and consider an upgrade.
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