Consulting in the energy industry is a constant hustle. Hard shifts and long hitches leave little time to book the next job, meaning you spend your off hitch days finding new opportunities. You don't have time to waste on applying for work using a subpar resume. It’s vital that your resume communicates the most important information about your experience and certifications during even the most casual skimming – not to mention, you have to make sure your resume is just as easy for a computer to read as it is a recruiter.
1. Staying Fit
Pipeline work can be physically demanding and requires a certain level of endurance and stamina. Pipeliners can often find themselves in awkward positions doing physically repetitive tasks for long periods of time. On top of that, you're operating tools and have an expectation to work fast! Keep yourself in tip-top shape for pipeline work by doing cardiovascular exercises, such as jogging or cycling. Cardio can help strengthen your heart and lungs to keep you safe and productive at work.
2. Staying Safe
Pipeline work is dangerous, and if you're not careful, deadly. Always wear your personal protective equipment and follow safety protocol to the letter. If you're a welder, avoid long-term eye damage by making sure your helmet’s filter lens meets the recommended shade for your work assignment. Protect your ears by wearing ear plugs or muffs. Wear flame-resistant materials to protect yourself from open flames and radiation. Make sure to replace personal protective equipment when they become damaged or worn.
3. The More You Know, the More You Grow
Your skills should be as sharp as your tools. Keep your certifications current and complete formal trainings by your employer when possible. Organizations like the American Petroleum Institute (API), and National Association of Corrosion Engineers (NACE), offer a wide variety of certification programs that can improve your earning potential and increase the chances of landing your next job. Certification also helps ensure to potential employers that your technical knowledge is up to date!
4. Keep a Current Resume
Your skills aren't the only thing that should be up to date. Keep an updated resume handy with your relevant skills and work experience. Don't waste time struggling to remember details of past jobs when trying to find new work. Update your resume after every job experience to make submitting your resume easy.
Are you looking for your next job on the pipeline? RigUp is looking for qualified pipeline professionals to join our platform. Click here to learn more about becoming pipeliner with RigUp. Know any other useful tips for being a pipeliner? Let us know below!
Source: American Petroleum Institute
It’s tax season! RigUp is here to help.
Thanks to online marketplaces like RigUp, it’s easier than ever for people to work for themselves as 1099 independent contractors, especially in industries like oil & gas.
With the great freedom of contract work, however, comes the great responsibility of 1099 taxes.
We recommend speaking to a tax professional when preparing your taxes to make sure you’re getting as much of your hard earned money back as possible.
In the meantime, here are some industry tips to help you get the most out of your taxes with the least headache possible.
PREPARE FOR TAXES
Separate Your Accounts
Separate your business and personal accounts from the beginning of the year, so you can easily calculate deductions.
Pay Your Quarterly Income Taxes
Pay your quarterly taxes - also known as “estimated taxes” - on time. W-2 employees have income taxes withheld for them on every paycheck. When you’re self-employed, you’re responsible for this task. The government requires quarterly payments from 1099 workers to make sure you’re keeping up with your taxes throughout the year. Contract workers can easily pay quarterly taxes directly through the IRS website. Monthly payment options are also available for the budget-challenged. Take note that your quarterly payments are due on the following dates:
- 1st quarter – April 15th
- 2nd quarter – June 15th
- 3rd quarter – September 15th
- 4th quarter – January 15th
Save For Your Self-Employment Taxes
Set aside around 15% of your total earnings to cover this tax that encompasses your cash contributions to Medicare and social security. W-2 workers make these payments automatically, and their employers pay half. As a 1099 employee, you’re required to pay this full amount yourself - so be prepared!
Estimate Your Total Taxes
Use a 1040-ES to estimate the total you’ll need to pay for the quarter. It only takes about 10 minutes to complete the worksheet.
Contribute to Your Savings
Keep a savings equal to at least a year of unemployment, if you can. It’s just good practice in the industry. Also, open a separate account just for your tax payments. Transfer 25% of each month’s earnings into this account.
Contribute to Your Retirement
As a self-employed person, you have the ability to fund thousands to a SEP (Simplified Employee Pension) or a Solo 401(k) in a tax deductible manner.
KNOW YOUR TAX CREDITS
Find out which credits you qualify for. Some common credits include:
Child & Dependent Care Credits
Lifetime Learning Credit
KNOW WHAT YOU CAN DEDUCT
Make sure you look closely at your ability to claim the following common expenses for your independent contract work on the oilfield
Supplies, including rented and leased equipment
Uniforms, protective clothing, and safety gear
Fees for services you’re required to maintain
Internet, phone, and satellite radio services
Interest on business loans and credit cards
Drug tests & required medical exams
Trade publication subscriptions
Vehicle expenses and mileage
ATM & check reorder fees
Home office expenses
Travel & Parking
KNOW WHAT YOU CAN'T DEDUCT
Don’t try to deduct the following expenses. This could lead to an audit and a costly headache.
Expenses reimbursed by employer
Time incurred working on your own equipment
Income lost for dry runs and unpaid mileage
Utilities not used for business purposes
HIRE A PROFESSIONAL
Remember that it’s always best to work with a CPA when preparing your taxes.
For more info from the IRS, click here.
We started RigUp over four years ago to build the premier marketplace for oilfield services. Our product began as a mobile app for the field and has grown into the leading on-demand marketplace for the energy industry. Today, our growing team has enabled RigUp to double down on our mission of empowering the people who power the world.
We connect E&P companies and service providers through technology–helping the energy industry get to work faster and more effectively. We're grateful for the support of over 250 E&P & OFS companies, who've helped us pave the road toward a safer energy sector and American energy independence.
In 2019, we’ll continue to enhance our product offerings to meet the needs of our users–upcoming features include: mobile sourcing, certification tracking, digital invoicing, and better processes for independent contractors to find new opportunities in the industry.
Our team looks forward to delivering you our very best in 2019. In the meantime, check out these highlights from the past year at RigUp.
From our family to yours - Happy New Year!
In the oil and gas industry, almost all professionals working on a rig or wellsite are expected to drive a truck (or similar vehicle)—usually due to poor lease road conditions. Now, a field professional with their long shifts and remote locations would be lost without a well-packed truck. When headed on location for a hitch, an independent oil and gas contractor must carry the following four necessities:
- Fire-resistant clothing and steel-toed boots
- Groceries and cleaning supplies
- Office supplies
- Knowledge and experience
Grabbing an energy drink sounds good when you’re up when the sun rises to begin non-stop work. It’s quick, easy, and refreshing. But what you may not realize is the dangers that come from drinking Red Bull, Monster, Rockstar, and more.
These drinks are great for a quick burst and tasty flavor, but they’re loaded with caffeine and sugar that could cause serious problems, especially for those working at a drilling rig.
Finding work in the oil & gas industry can be a long, painful process. Even as an experienced service provider, hours of time and effort can be spent searching through generic job board postings with little luck. We understand the difficulty and frustration that comes with the job search, which is why we’ve created the RigUp platform to help your oil and gas job search.
RigUp is driven to be the one-stop shop for the oil and gas industry. Whether you’re a skilled professional looking for work or you’re looking to hire, we have a passion to deliver quality tools and resources for our users. Doing so requires us to be constantly re-evaluating, re-inventing, and innovating our platform, which leads us to our latest development: the in-app messaging feature.
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