Topics regarding layoffs at Apache Corp.

Topics regarding layoffs at Apache Corp.

Someting tells me my severence pay might never come.

With APA stock at 4 bucks. It seems as if belly up is the only way to go. What an amazing fiasco. I am thinking of filing a lawsuit before I get the shaft…again! In my separation agreement did I agree to not filing a lawsuit by signing, or upon... — read more 

Rollcall - CEO Resignation

Its time, it has been time for awhile. We know it, HE knows it. I welcome any rebuttal to the idea that this CEO has steered this company into an iceberg. None of it is due to market difficulties or anything else that he has laid blame on. This... — read more 

All contractors gone

Apache let go of every contractor that works everyday with us. Some have been here for 23 years. Thanks John. Do the right thing and resign. You failed.

Texas WARN Act notice

With the new impending layoffs will Apache have to file a new WARN Notice with the State of Texas if they meet the WARN number requirements with this new round of layoffs?

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| 1920 views | | 1 reply (March 16, 2020)
Post ID: @OP+140IX1PB

WFH & Descend

I'm surprised more hasn't been said regarding this here. Now that Project Ascend has moved into Phase II: The Descend (or Rescind), I'm curious how they are going to handle this next round of promised cuts given that we are all at home until at least... — read more 

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| 2300 views | | 2 replies (last March 16, 2020)
Post ID: @OP+140PatfF

Imagine

Imagine if APA executives deferred their paycheck. Imagine how many jobs that would save in the second round of Project Ascend. Imagine the loyalty and morale they would build.

Kickbacks

Let's talk about it. Raise your internet hand if you have seen something that made you question; Is this decision being made based on what is best for Apache, or based on what is best for a few parties external and internal? In this case it has... — read more 

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| 2200 views | | 9 replies (last March 16, 2020)
Post ID: @OP+13Xldx5P

Old Marv.

I can tell everybody reading this, that if you didn’t work in the oil industry in the early 1980s, you’ve never seen a bust. It was so severe that if equipment broke down, companies would just drag it away from the main road, strip the decals off... — read more 

Contrarian opinion

Why aren't we ramping up right now? Drilling costs are about to drop substantially, and we could take advantage of drilling out our full 2020 program at minimum cost to us. And then, when prices recover, crank up production and benefit from it on the... — read more 

Permian Rig Count To Zero

Apache announced that it will reduce drilling rig count in the Permian Basin to zero over the coming weeks. Seems that management is taking this oil production and price war seriously and is trying to stay ahead of a bad situation.

Work Life Balance?!?

More importantly, how does one manage the work/life balance so effortlessly... let’s plan a hunting trip y’all!

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| 950 views | | 1 reply (March 13, 2020)
Post ID: @OP+13XdD7Uu

Project Rescind

More Layoffs. Employee relocations on hold. Sorry everyone. Hang in there

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| 1500 views | | 3 replies (last March 12, 2020)
Post ID: @OP+13WIn8LZ

Not So Fast

Hang on to your knickers and tallywhackers. If you were offered a relocation during Ascend, or if you are employed by Apache at all better check your employee email. New layoffs on the way.

Working from home?

It is a shame the email from the CEO this morning did not address the most important concern which for the next six months will be the coronavirus. Apache should now be considering telling office personnel to work from home. A delay in reaction will... — read more 

Still the worse

Apache Corp. – Shares of the exploration and production company slid more than 18% on the back of declining oil prices. Apache was the worst performer in the S&P 500 as of midday. The energy sector was among the worst performers during Wednesday’s... — read more 

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| 902 views | | no replies yet
Post ID: @OP+13VLV86V

Riddle Me This

Oil dropped by 25%. A few of us "Minors" (Apache, Marathon, Continental, etc.) comfortably doubled that loss. When oil rebounds, how will these companies instill enough market confidence to recoup what was lost beyond the price of crude? I think... — read more 

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| 1730 views | | 5 replies (last March 12, 2020)
Post ID: @OP+13U5IZg0

Lay offs coming soon

First was hr, counters, Engenier’s then land now production I just hear here in Houston office they want every yard/office to fired 5 employees meaning 120 wells per pumper one electrician Per every 1k wells no maintenance guys ....formers will... — read more 

It's True. Head of HR escorted out.

The post that was deleted from someone a couple of days ago was correct. Second employee email filled with BS today says he chose to retire. I feel bad for the next one in line. Rough times ahead.

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| 1720 views | | 4 replies (last March 18, 2020)
Post ID: @OP+13Tulx7O

Going Down

Apache stock closed at $9.55 and dropped to $9.30 in after hours trading. Way to go!

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| 634 views | | 1 reply (March 12, 2020)
Post ID: @OP+13T1DWIF

Phase II : Project Descend

It seemed like a good thing that I remained with the company through the Ascend layoffs. This round of severances will likely be lower $ amt thanks to $10 Apache. Employee email filled with BS was sent out QFIH this morning saying at first... — read more 

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| 1500 views | | 4 replies (last March 10, 2020)
Post ID: @OP+13TVzj8H

900 hundred shares to the trash

Thanks apache 900 shares I was holding for my kids collage now in the trash $11 share wow... Also we still getting more layoffs hope some one buy us out already

Apache Reorg News

Many of you may already be aware of this, but I will do a quick cut and paste from an article today. Here it is: Apache simplifies organizational structure to 3 teams ReutersMarch 4, 2020, 5:03 PM EST March 4 (Reuters) - Apache Corp... — read more 

Support?

It's so hard watching folks to have to walk out. Saw one guy with a full cart dolley after being with the company for over 15 years. Has anyone heard anything the Accounting teams? I am just so confused why no one in Accounting has some prep... — read more 

Reality Check

Blaming Alpine High on all of San Antonioans is like blaming the numerous Project Ascend blunders and lies on all of corporate. You're going to have to find a new excuse as to why APA isn't "premier". Now we all get to work together. This will be... — read more 

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| 2370 views | | 7 replies (last March 5, 2020)
Post ID: @OP+13JTdGK4

More layoffs today

Seems as though Thursdays are the new day we should call in sick

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| 1310 views | | 1 reply (February 28, 2020)
Post ID: @OP+13IVjodg

Thoughts...

On earnings, the Ascend announcement today or what is to come tomorrow.

Why?

Why did Apache decide to get rid of some of its best people? Why does this keep happening over and over again? Who makes these decisions? Every time they lay off somebody who makes too much money (according to them, of course) they have to hire... — read more 

This continual chaos

Well, the first round is done. I’ve heard rumors of the full tally of yesterday, somewhere in the upper 100s, maybe even greater than 200. SA got hammered, and geos/engineers in Midland/Houston did too. Land will be on the horizon, and then support... — read more 

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| 2150 views | | 1 reply (February 22, 2020)
Post ID: @OP+13CyAoGq

Get Legal Advice

For anyone who is getting a severance today and unsure if they are getting what is rightfully suppose to come to them, get legal advice. Do not sign anything until you do.

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| 864 views | | no replies yet
Post ID: @OP+13BJDTdM

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