Devon has been raped and pillaged by contractors over the last few years. It is now obvious the company was paying higher prices for the same services other companies were receiving for much less. Some Devon people were likely complicit in this. I... — read more
SandRidge Decimates OKC Staff Today
Here is the thread: @FLYOz8G
Ruthless tactics and absence of Integrity
Yesterday, management let go of one of the BEST employees in our field office. Honest and loyal to his core. They let him go for transferring personal data off of his computer. Not only did HR fire him over the phone instead of manning up and coming... — read more
Unemployment Benefits
All these reports that unemployment is way down is not true, the peoples unemployment benefits just ran out and most still can't find job. I know, I'm one of them!! After you reach a certain age you are up the creek without a paddle, no one wants to... — read more
vps are locked in their offices
people coming and going throughout the day. serious conversations going on in there. some managers come and go, stopping to talk to their boss, or old co-worker. some are holding paperwork and talking about something with an angry look.
The thankless job
A few short years ago "peak oil" was inevitable and somewhere just over the horizon.. The whole world was feared to descend into chaos and war as the world's supply could no longer meet the demand.. Economies would grind to halts.. Fruits would rot... — read more
If Oil goes below $25
https://image-store.slidesharecdn.com/46effb12-d0ef-4bf9-823a-d12584bd317e-large.jpeg
Basically nothing yet
Enjoy the milk as long as the cow is alive, because she will be gone a long time when she goes. For the wise, contact a helpful doctor ASAP and go on disability. It might buy you a year or more.
WTI has dipped back below $30!!
Where it belongs! I hope it stays. Hahahahaha
25% cut? VPs are choosing?
is this true?
Is anyone else unable to log in from home?
I tried to log in and check my Tuesday meeting schedule earlier and couldn't connect.
The Oil Bust 2016 ! The next Disaster Movie
It is happening to every oil company. Devon will be laying off 53% of its workforce in Oklahoma City. I'm not sure how many people that will translate to, but the number i heard was 2300. They have to make a transition plan of some kind. Look for the... — read more
Anadarko Announces Massive Layoffs - $1.25 Billion Loss in Q4
Here is the main thread for them, it'll be bloody over there (The Woodlands, TX and other locations: &anadarko-petroleum
DVN Was In Decline Before Oil Fell
Devon had been running a slack operation for many years and the the sudden drop in prices only expedited its day of reckoning. Devon will forever serve as an example of what not to do when commodity prices are high. Priority was given to things other... — read more
Layoff date
Any word on dates? Can managers man up and tell us all?
50/50
It's a 50/50 split. I out-work 50% of the older professionals in my position. A hard worker is a hard worker. The same badass experienced professionals, were badass young professionals. So just accept that there will be both young and old lost and... — read more
Young Professonals Incubated at Devon
The young professionals who have spent their entire career at Devon are going to be in for a rude awakening. I'm talking about those that interned at Devon and accepted their first job at Devon during the boom years. You are part of the reason why... — read more
Selling quality assets is a tragedy. Corporate layoffs are not.
Seeing DVN sell legacy assets like Midland and East Texas at such depressed commodity prices is more of a tragedy than laying off the fat in OKC.
BLACK SUV'S
WTF With all the black SUV'S in the parking lots this morning.
10 Great movies to help you through the lay off
eep reading for a list of 10 layoff movies from the past three decades. Office Space (1999): The movie that brought “flair” and “a case of the Mondays” into the American vernacular takes a decidedly contemptuous view of modern office culture. A group... — read more
So here's the updated plan
With an increased number of Devon employee's going on the list the upper snuff are trying find ways to transition the work. The good news I heard is Ben Williams will be out. This is making me very happy. There will not be an IT department anymore... — read more
Steps to successfully predict Layoff Day
Step 1: Say that the layoffs are going to happen TODAY every day. Step 2: Layoffs eventually happen. Step 3: Success! Say I told you so and injure arm while you pat yourself on the back.
Devon's SEC filings came out today and the Execs have been handsomely rewarded for all of their success.
Hager 99,028 shares $2.653MM Vaughn 37,720 shares $1.01MM Taylor 44,152 shares $1.183MM Rudolph 34,560 shares $926K Richels 143,648 shares $3.848MM Mitchell 17,920 shares $480K Marcum 34,560 shares $926K Humphers 2908 shares $78K I'm sure these are... — read more
DVN just released their SEC filings today and the Execs have been handsomely rewarded for all of their accomplishments!
Hager 99028 shares $2.653MM Vaughn 37720 shares $1.01MM Taylor 44,152 shares $1.183MM Rudolph 34560 shares $926K Richels 143648 shares $3.848MM Mitchell 17920 shares $480K Marcum 34560 shares $926K I'm sure these are in line with all of the rewards... — read more
"Oil Soars toward $34 on Possible production cuts"
Oil soared on Thursday after a Russian official said Saudi Arabia had proposed that oil-producing countries cut output by up to 5 percent each amid a massive supply glut in the world market that has depressed prices for a year and a half. The... — read more
Nebu
Just walked by nebu and there were a lot of HR people in there. It looks like they are installing self check outs.
40% Target, Dollars not headcount
Every 100-200k saves 1-2 jobs. Getting rid of perks, software, tools. Anything that is not a necessity. Jobs last resort after all other means.
Just for fun
Complete this sentence. Waiting to be laid off from Devon is like waking for...
Nigerian prince here to help
This is prince Imsofa King Wetoddit from Nigeria. My daddy died due to a heart attack in Nigeria when the oil prices fell. I need 15 lucky people to help transfer my dads $15 million dollar to my USA bank account I will give 20% if the sum to you for... — read more
Geo super felony dui
Why is he still employeed?
It'll only make Devon stronger.
Let's be honest there are a lot of low or average performers that need to be let go. Getting rid of them will only make us leaner and better prepared for when prices recover.
How does Devon justify 5 rigs and 5000 people?
That's a lot of people doing a whole lot of nothing.
Layoffs are confirmed
I have a buddy that is close to the CEO and he told him that Devon is doing layoffs this year. He thinks it may be in Q1. Sorry for the bad news folks.