• Paula Waggoner-Aguilar

Taking Risks in Your Career

Updated: May 31

I am sharing my first ever blog featured in December 2014 on Katie Mehnert's website called Honey Don't Follow the Herd. The post was intended to provide career advice for someone in their 20's and for women considering a career in energy. The theme is about dreaming, embracing your uniqueness, taking risks, and paying forward.

Hi. I’m Paula. I’m am one of the faces of women in energy today.

I am a Generation X entrepreneur, finance executive, and CPA. I am also the daughter, granddaughter, and great-granddaughter of some tough men who spent their lives working in the oil industry. Truthfully, I never planned to work in the oil business after watching my dad lose everything in the 1980’s. But I started my career in the 1990’s working my way up the accounting ranks in the Latin American oil patch. (Yes, I said Latin America.)

I always wanted to do something different.

My maternal grandfather (rancher) once told me, “Honey don’t follow the herd.” And well, I didn’t. I never have.

When I graduated from college I wanted to work in Latin America on the tails of the North American Free Trade Agreement. After getting my masters of science in taxation, with an undergraduate in accounting, I spent my summer in between going to school in a special bilingual program for Spanish-speaking professionals at a University in Morelos outside of Mexico City.

After that, I spent a year in public accounting. I quit my job after tax season and then started banging on doors to get to Latin America.

It wasn’t easy. But what is?

I received about 100 rejections (face to face, over the phone, and written) from accounting firms and real estate companies in Mexico and the US. The answer was always the same.

No, no, and more NO!

After months, I was on the brink of giving up. You know that feeling, RIGHT? To this day it is painful for me to talk about all the rejections. I was so disappointed. Those rejections were someone’s perceptions of what was an “appropriate job” was for a young woman of my demographics. They did not take into account my upbringing, education, skills sets, or most importantly my own career aspirations. But when I look back on that pain, I am proud to bear the scar and I will tell you that it has become one of the greatest sources of inspiration for me.

Just when I was ready to stop, my world opened up.

Out of nowhere I got two calls from oil companies. In a matter of a week, I interviewed, demonstrated I had the mindsets, education, technical competence and soft skills to do the job. A tough 50-something Brazilian manager who spoke 7 languages made it very clear that he would terminate me without hesitation if I could not perform the role in non-English speaking environments in some very dangerous places.

To my surprise, two weeks later I was given a competitive offer to work as an internal auditor in Latin America for what is today Halliburton Inc. The price of crude at the time I was hired was below $20 bbl. The man who found me and gave me that first opportunity went on to become the Vice President of Halliburton’s Audit Services for many years.

And the story only gets better.

So my dream was to be a CFO. Little did I know that the leap to Latin America would quickly position me as one of the few US trained CPAs on the ground, let alone an American woman. For the risks I took, I was rewarded with opportunities to do things and given broad responsibilities, sometimes people 20 years my senior had not been given. Over time, those opportunities open doors across the industry, and put me on the front line at a very early age with top company leaders.

I have been in the industry for 20 years now. I have done a few gutsy things over the years. I now own my own niche energy firm called The Energy CFO. Lord willing, I have a couple more gutsy moves up my sleeves. I am not alone though. I know several women with similar stories who are members of organizations like the Women's Energy Network and Pink Petro, attend women’s energy events, and work their tails off to make their careers happen (and are happily married and manage to raise a family). Yes, my friends, you are here with me and it’s our time to step out and shine.

Three things that I share with anyone looking to move head.

  • You can be whatever you want to be. You steer your career, no one else.

  • Be tough and take risks. Amazing things can happen in life. Taking risks pay off!

  • Thank your sponsors by paying it forward. Don’t forget you were once in their shoes.

I would like to thank Dennis Croysdale for opening the door for me. I thank Halliburton for being ahead its time, over 20 years ago and still today in promoting careers in energy for women.


The Energy CFO is a CFO Advisory and Business Consulting Firm helping private oil and gas, energy infrastructure, oilfield, energy services, renewables, manufacturing, and technology companies accelerate their growth and take them to the next level.  Many of our clients are family-owned business enterprises with multiple generations working in operations.  The Energy CFO offers a range of financial and operational leadership services including Startup CFO, Interim CFO, Part-Time CFO, Fractional CFO, Virtual CFO, financial modeling, energy modeling, financial planning and analysis (FP&A) packages.  We serve clients across the US, Texas, and Lousiana:  Houston, the Gulf Coast, Austin, San Antonio, Midland, Dallas, and Corpus Christi.


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