Monday morning Devon leadership will start meeting on how to cut more cost. With Friday's OPEC meeting not reaching an agreement, oil prices will drop to $30. Until IRAN's introduction into the oil and gas market settles down prices will stay low... — read more
Oil news not looking good!
What ever hope you had for Devon to rebound is gone. Monday oil prices will drop again. It is going to be long bad summer. This will mean more layoffs in June and especially in Canada. See this news... — read more
Why do Project Execution staff get Severance Packages?
This is ridiculous! Why would this group get severance packages too when we are thinking off laying more people?!?!?
For those that were let go. Do not for get to sign and return your paper work.
Whatever was on the paperwork you received on your way out the door is what you will receive no matter what. If you get a job before the end of the warn period it stops until after the paperwork is signed and processed. We are sending paperwork out... — read more
CLass Action Lawsuit???
I hear someone is setting up a class action lawsuit for next week. Has anyone heard any more details???
Don't worry
You can always take the morning after pill!
Severance Package
I thought we got the severances package regardless of getting a new job. I was wrong, we loose it!
Town Hall
Next Town Hall June 22nd
New Posting Daily
Don't worry, I'll be posting more hope and joy about Devon and Project Execution Daily. We must never forget 218.
Agree or get fired
It is a well known fact you must completely agree with Dickie or you will be the next one gone. Many PM's over the years have just been dismissed and nothing was said. Any PM left is a brown nosier deluxe. He (Dickey) needs constant reassurance that... — read more
Devon Energy . ..... ...
Seems to me there are a lot of present Devon employees on this Web Site. Why would you be looking around a Layoff Web Site if you got to keep your job? You would be better off working, and trying to add some value to Devon. Instead you come on this... — read more
Stock Incentive
How many shares was your stock incentive this year? Mine was 632. I hope Devon Stock goes up, bonus is not looking good for us. Those that got laid off will get a prorated bonus, so where does that leave us?
Asset Sales
How are those asset sales coming along. Any good buyers lined up.
Marathon is selling assets to survive what are we doing???
Marathon is selling a billion in assets while we wait to give them away!
Final Check Question
If the last day for pay is April 18 and dvn continues to follow the same pay schedule, that means that there is a payday on April 8. Do we get paid on April 22 for a week of pay or are we getting shafted again?
Benefits realization
Project execution has brought zero benefits at a cost of millions. Money wasted, millions Benefits realized, zero Process improvement, zero Process difficulty increased 200% Worth of unit, zero Recommendation, fire every in division especially... — read more
Benefits realization
Project execution has brought zero benefits at a cost of millions. Money wasted, millions Benefits realized, zero Process improvement, zero Process difficulty increased 200% Worth of unit, zero Recommendation, fire every in division especially... — read more
We need more information
We are on this web site because we need more information! Whst we hear at work is like listening to Ken Lay at Enron! We are supposed to appreciate that we have jobs and everything will be alright! Analyst reports paint a different picture. Credit... — read more
Monday will bring new news
Look for new announcements today on strata. I have mixed feeling on the outlook.
For you Monday InDevon Energy has good quality oil and gas reserves with low-cost production capacity. However, DVN has a relatively levvestment
Devon Energy has good quality oil and gas reserves with low-cost production capacity. However, DVN has a relatively leveraged balance sheet. Also, it has no adequate derivative coverage for 2016. In addition to this, unfavorable energy prices... — read more
Sellout your entire department
Project execution employees stop posting here! They will boot the entire department. Just ignore all the stupid comments!!!
Amen!
I agree.
Thank you Project Execution!
I'd like to thank the Project Exection team for guiding us through these tough times. If it weren't for them we would be like Sand Ridge, on the verge of bankruptcy. You guys have a great team of talented individuals who really understand what the... — read more
I'll do better this time
I promise I'll do better if you will just take me back
Warn act time almost over
In ten days the warn act will be over. The job market in okc Is tough and I haven't found much worth having. Has anyone found a job they love more than the one they had? Is the pay even close? My parents have told me it was like this in the... — read more
Tough Times
Tough Times are ahead, but Devon is still a great place to work. I would rather stay here and hope to make it through than go anywhere else. At least I know that Devon won't leave me high and dry like other companies. They provide a severance package... — read more
It looks like we are headed to bankruptcy?
Our DVN stock has gone from $90/shr to $26/shr, market cap is down to $13B, debt is up! How long before we go bankrupt?
Impending layoffs in June and again in September
We all had the illusion that all of the layoffs were done, but they aren't. With oil prices still low more layoffs will be coming in June. These will focus on projects ending and additional staff identified as nonessential. IT will once again be hit... — read more
Back to Work as Usual Tomorrow....
https://www.youtube.com/watch?v=8JLfqqfNU4o
I want to work for Devon again!
Aprils Fools!!!
More layoffs
More layoffs coming. This is getting ridiculous.
Great News
I have been told that Devon is rethinking their layoff strategy and will be rehiring about 550 former staff nembers. This is great news and I will be happy to see my former colleagues. Thank you Devon!!
too broke to frac new wells
yet Devon still has enough $$$ to rent generators for uneconomic wells
Project Execution
Can someone tell me why the heck we still have this worthless group? Dickie and his Barbie an Ken staff are a complete waste of money. They add no value and don't have a clue on how to get things done.
More Big Changes that we won't like
More Big Changes that we won't like There are more big cost saving changes coming that we wont like. Look for announcements on Strata in April. Also more Layoffs still planned for June. Go/no go date on this is May 5th.