Check the 8K filings to see Clay got an increase to $1.5MM base salary retroactive to the closing in May and an LTI award of $2.7MM while everyone is told they’ll calibrate compensation next year. Clearly merit based because the merger is going... — read more 

Look at anybody who has worked for Devon over the last 20 years and you will find one thing in common: Short tenure. Constant lay offs, re-organizations, a trail of management driven dysfunction all the way. Not a place where you can build a long... — read more 

Guesses on how quick? Fire sale? It doesn’t fit either business Needs to be with a Gas explorer.

I’ve never seen a CEO completely ruin a company faster than Clay has managed to. Gives up the board and exec team. Doesn’t address the massive pay discrepancy between the two companies when the better performing company is the one being underpaid... — read more 

January cannot come fast enough The leas is a Giant PITA. Bye felici@

Turns legacy Coterra is making about 12% more. Heard balancing should be done by October. Any news on different departments target date?

How are all the BU’s feeling about Devon rolling out the new Samsara fleet cameras with forward/rear facing cameras and microphones. Just tell your people you don’t trust them at this point.

Any rumblings of some sort of merger bonus going to take place? Should be the least they can do for such a painful drawn out merger process.

CTRA Permian is getting wrecked!!

Well, guys, I was offered a severance package today, and I didn’t take it. HR told me that if I don’t accept it, I’ll most likely be laid off in mid-November during the next round of layoffs. They gave me until the 18th to make a decision, and... — read more 

All you other basins are not long for this company. It’s all about the Benjamins now babay

will the midcon asset survive, and if so what is the point of holding such an asset in the portfolio? - A holding corral for employees to be trained in and moved to more significant assets?

yes some people are being moved to the okc tower, but where will Devon be in 5 years? Constant re-orgs and layoffs have left Oklahoma hollowed out as a destination for oil and gas workers

First Marcellus, now, EF and Powder. That’s 12 billion in divestitures. Take that to the bank. Still won’t help the share price.

Has anyone else been future fired? At least one of us will be shown the door in October.

How much of the Devon staff is kept from Past acquisitions? WPX for starters….

How long do yall think before anadarko and Marcellus basins both get sold after the merger? Kimmeridge and Toms Capital are both very vocal on Devon leaving these assets behind, and Kimmeridge was supposedly a big factor on forcing Coterra into... — read more 

I wonder how long this will last. I’m guessing two years to avoid severance pay. Having accounting folks in Houston seems like they had no choice because they were totally against it originally. Thoughts????? Hopefully the new mgmt is better... — read more 

Is there any news about layoffs I should know about?

Word is those that get a package have to sign an NDA, any insights on this.

This week we find out our fate in Houston? Let us all know.

The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Devon Energy ranks #264 overall with an Overall Score of 49.0, placing it 11th out of... — read more 

Seems like fewer folks than originally thought actually want to move to OKC. It will be 50/50 Permian staff in OKC and Midland. Seems like they are favoring continuity over cutting folks.

Ahhh, gotta love the glorious anticipation that we are all subjected to while expected to ignore it and keep working. Not the first one of these I’ve been through here, but the angst is palpable. Wish we had a date to prepare for.

So it begins! 35% - 40% reduction in force is what’s been being whispered in the halls.

Prepare for the meeting invites.

This is what is being repeated in the tower. How accurate is that?

Any news on the June 18th announcement? Does anyone have any more info on how big the layoffs are or how long they expect people to stick around and "transition"?

First Marcellus, then what?

What, exactly, did they pay a consultant millions of dollars for? Let the incompetence continue

Costs are on the rise and there is plenty of work in West Texas. What will Devon do to retain their talent? News of Houston and OKC retention bonuses will only further ruin field morale.

Layoffs can't happen now because we need retain employees to develop all this new acreage we got today!

Well well well looks like Devon bit off more than they could chew. 1 year salaries being offered to select groups in Houston to stay on in the Houston office because OKC can’t absorb it.

For the Devon side - this one should sound familiar. “Many managers actively avoid confrontation or honest feedback because it requires emotional maturity. Rather than doing the job they are paid for, these individuals let problems fester until they... — read more 

$1B is a shitload of "synergies." I've heard ~$300M of that will be G&A cuts (sic, layoffs). Doing some back of the envelope math, $300M divided by an average total comp burden of like $150-200k works out to like 1,500-2,000 jobs. He-l, even if it's... — read more 

There are no jobs, economy is going under, the entire world is in a crisis... How is that a good time to lose your job?

Let’s get the severance going as fast as the business combination. KthxBye

Despite moving hq to Houston will CG be courtside during playoffs? Commitment runs deep!