In this volatile market, IHS said its analysis indicates that Concho Resources, Whiting Petroleum, WPX Energy, Halcón Resources and PDC Energy are displaying the greatest spending discipline. Lower Price Scenario Paints Gloomy Outlook for North... — read more
Devon hires Jefferies to sell non core assets really??
I filled the tower full of slap dick ass kissing know it all entitled engineers and you can't figure out how much your own assets are worth? I sure am glad I put the boots to you guys when I did.
If you try hard enough you can find the list on the network, I did. Once this is read by security it will be locked down.
You wil be surprised by some of the names.
Devon is like watching a bad gambler
Devon right now is like watching a bad gambler chase after losses. Spend 4.5B for assets instead of holding on to cash Hire new executives in the midst of a layoff and grant huge stock payouts to executives to ensure the golden parachute opens when... — read more
Three Weeks
We've survived for three weeks since they announced the layoff. It has not been pleasant, but it has given us time to prepare. The cuts will be very very deep. There will be people gone that you don't expect to be gone. Be a team player, get along... — read more
Updated Workforce Reduction FAQs Released Today
For those that may have missed it they have updated the Workforce Reduction FAQs / PDF. They announced it on Strata Now late today via email. Whether the timing of the update has anything to do with when they will begin the purge remains to be seen.
OPEC to the rescue!!!! NOT!!!!
It has been reported that OPEC is going to cut production.....again.....again.....again. There is no way that neither Saudi Arabia, Russia, or Iran will give up on cutting production to protect their market share. Regardless of what happens, Non-OPEC... — read more
One month ago, Devon Energy hired a new Exec VP
The individual came from outside the company - several VP's were promoted to Exec VP's. Help me understand this - we are bleeding money and laying people off and boys at the top are playing games.
Please see if you can assist here
Hello All, I need help… I am a retired BP IT employee and I’d like to start an O&G Layoffs group on Facebook – with quite a bit of spare time on my hands I can help folks organize and exchange information. I think I can kickstart this by inserting... — read more
Thursday
I was told by a contact I Internal Audit that they were told today's layoff of their VP was timed in front of the rest of the layoffs because the board's audit committee meeting is Thursday and it had to happen now so it could be reported. Sounds... — read more
Drilling
If you are in the drilling group be afraid. Hard to keep people with only 2 rigs running company wide.
Interesting Read
http://america.aljazeera.com/opinions/2016/2/how-cheap-oil-may-ruin-your-life.html
Those overheads must be removed, worthless gangs
DPMM was a false start. Shall be ended to stop losses. Overhead of non core human resource assets. Steve Krueger is a turtle and he should be retired. M Sanders is a fascist from GE, he is just a salesman with many nonsenses. CS S Pm
Rigs
They layin down rigs faster than most your mothers!
Any Layoffs in Finance?
I left about 5 years ago, I liked working for Devon...
Husky Energy - 400 laid off today
Here is the link: @FSuK2Ic
Assets For Sale
According to multiple posts online, DVN is selling assets in 4 areas. So does the total employees laid off include those working in the assets for sale? Or are they an addition to the total number?
The Good, the Bad and the Ugly...
In my opinion, Devon is a very good company facing some really rough times, but still one of the best in the industry. Commodity prices have tanked, and this is not something Devon or any single Energy company can control. OPEC is responsible for the... — read more
Anyone else notice the CBS news camera man set up on the corner of Sheridan and Robinson taking footage of Devon Tower during lunch today?
Anyone else notice the CBS news camera man set up on the corner of Sheridan and Robinson taking footage of Devon Tower during lunch today?
I kind of want to get laid off...
I've made enough money to last like 10 years and getting up at 6 sucks.
I feel personally feel that layoff will happen in 4 weeks at Devon at the most to reduce cost.
Here is where and what will happen. BU managers with top paid will be revised and released. All embedded PM will be disengaged. All DPMM under MSanders will be wiped out since 90% of their contribution will be useless, most of their works were... — read more
"Midland BU is depleted"
stupidest thing I've ever heard
I'm glad Devon is helping the aborigines
it makes me feel so good that we are helping the Eskimos
Chesapeake Energy in a meltdown mode - a BK immanent
Stock drops 50% today, hired a company to restructure 10 billion debt load - employees are outraged, panic mode thread here on layoffs.com at &chesapeake-energy
Do something smart
Instead of the stupid remarks, everyone who is laid off should simply post gender, age when laid off. Ie, M56. If everyone did it you could see if any discrimination by Devon. There are lawsuits possible for discrimination.
project management and CI
Hopefully these guys will be gone soon. Bunch of idiots. Some used to work for the federal government.
Get it over with
This is killing morale
Good day - it will be soon. Be prepared at anytime: Those of you that think you are safe think again. If you don't drill for oil you are out
See you in the food line. You should have given more to DPEC
Good day - it will be soon. Be prepared at anytime: Those of you that think you are safe think again. If you don't drill for oil you are out
See you in the food line. You should have given more to DPEC
After the layoff-apocalypse, what should the Devon Energy Center be turned into?
After the layoff-apocalypse, what should the Devon Energy Center be turned into? My vote is Mega-City One city block.... As in Judge Dredd.
Time to buy some sheep
Better start putting a cross of lamb's blood on your door every Friday morning to ward off the back cloud of death that will be passing through the halls. It works. I have it on good authority.
What goes around comes around
Having been an employee of Devon in Houston, some years back, I can say the Houston IT support and analysts were treated as second class citizens out of Headquarters IT. Support for Houston was an afterthought. Eventually Houston was closed, with... — read more
2015 Bonus
Is it true that Devon funded its 2015 bonus pool at 90%?
Devon Political Contributions
Wonder how many jobs we could save with that $750,000 http://www.huffingtonpost.com/entry/fossil-fuel-super-pac-donors_us_56b25c5ae4b04f9b57d82d06
Volunteering
What are the odds you get fired if you volunteer to be cut?
I heard this in the men's room 40th floor
The Project Execution team will be wiped out. Entire pool of project manger form IT gone.
Hello. I'm sorry to hear of the tough times some of you are going through. I am an interested and experienced buyer of...
Hello. I'm sorry to hear of the tough times some of you are going through. I am an interested and experienced buyer of Magic the Gathering, Pokemon, and Yu Gi Oh Cards. If any of you are looking to unload your collections in these unfortunately tough... — read more