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“I think what [oil producers] are seeing right now, especially with the flooding going on by OPEC+, means you’re not going to see much more activity than what we’re doing right now. The production side seems to be staying busy, but if you’re in the drilling side, there’s been a lot of layoffs going on there,” described Kirk Edwards, President of Latigo Petroleum.
https://www.okenergytoday.com/2025/11/oil-exec-fears-of-layoffs-caused-by-opec-production/
Please…I know a lot of coworkers who would take it easily!
ConocoPhillips quarterly report was just published. From the highlights a couple things stand out to me... Very high exposure to US shale in L48 and $5 billion more in planned divestitures for 2026 are on track.
What's getting sold next that can generate $5 billion? Underperforming US assets? Someone else speculated Montney?
ConocoPhillips announces third-quarter 2025 results; increases quarterly ordinary dividend by 8% and announces preliminary 2026 guidance
November 6, 2025
https://www.conocophillips.com/news-media/story/conocophillips-announces-third-quarter-2025-results-increases-quarterly-ordinary-dividend-by-8-and-announces-preliminary-2026-guidance
MEG is closing soon. What’s next.
Team of the usual suspects working on a plan to fully outsource Permian operations. Similar to Guyana SBM Model. Being close to the wellhead to be safe was never true. Timeline for change is unclear. Those in operations will be offered to switch over to third party service provider as was done previously with groups like IT and GREF with the associated cut in pay and benefits.
Has it started yet ????
The tariffs will hit us hard.
U.S. oil major ExxonMobil (XOM) will not be able to continue doing business in the European Union if the bloc does not significantly loosen a sustainability law that would penalize companies with fines of 5% of global revenue, CEO Darren Woods told Reuters.
"If we can't be a successful company in Europe, and more importantly, if they start to try to take their harmful legislation and enforce that all around the world where we do business, it becomes impossible to stay there," Woods said on the sidelines of the ADIPEC meeting in Abu Dhabi.
The EU’s Corporate Sustainability Due Diligence Directive aims to provide investors with greater visibility into value chain risks and hold non-compliant companies accountable to member states and victims of human rights or environmental violations, including in operations outside Europe.
"We're continuing to advocate to make sure that people really understand the disastrous consequences of this legislation, if it stands as it currently is, and we're going to continue to try to rally basically, business leaders around the world to push back against this legislation," Woods said.
Exxon (NYSE:XOM) has "slowly been pulling out of Europe," Woods said earlier, noting the company has shut down or exited 19 operations because of what he said was red tape that hurts business.
The European Parliament's legal committee voted in October to water down the EU's corporate sustainability law, which is facing pushback from several companies, including Exxon (NYSE:XOM) that have said complying with the rules would seriously harm the competitiveness of industries operating in Europe.
https://www.msn.com/en-us/money/markets/exxonmobil-ceo-says-eu-sustainability-law-could-force-company-out-of-europe
There is still no listing for the upcoming COP lay-off on the TWC site. The list is obviously up to date because there are listings from the end of October. This is just one more reason why Texas su-ks and needs a complete overhaul from the top down. It is never for the people here with the current regime in power. Examples are:
support to take away women’s rights, minimizing employees rights, having Ten Commandments posted in public schools, not being able to bring citizen referendums to the polls, and playing political games with national guard just to lick the boots of the mo--n leading this country. We should never go as far as California but there is something in between Texas and California that works better than the current situation.
EVs in America make up 10 percent of new car sales. In 15 years what does our industry look like? Will they get rid of Galveston bay?
Look at his left hand.
https://www.linkedin.com/posts/exxonmobil-mozambique_this-week-we-had-the-honor-of-welcoming-activity-7389677374436646912-dF8N?utm_source=share&utm_medium=member_ios&rcm=ACoAAAghr0EBxYrvlW41szMwjPB1N_b7_qJtMYI
Stock market didn’t like today’s earnings, despite record upstream performance.
Because a move to Edmonton, and its crazy write offs, which makes no business sense.
Could have easily right sized the corp and stayed in Calgary.
October 29, 2025
BY U.S. EPA
U.S. Environmental Protection Agency (EPA) issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for a project in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.
“Texas has successfully managed underground injection wells for decades while protecting drinking water, and I'm confident they'll continue this success with Class VI wells,” said EPA Regional Administrator Scott Mason. “These permits advance ExxonMobil's Rose carbon storage project, creating jobs and protecting health and the environment through advanced technology. EPA is committed to removing bureaucratic barriers to unleash American energy.”
“We appreciate all the work from the EPA, under the Trump administration, to issue these permits for our Rose carbon storage project. It marks an important step in strengthening America’s energy industry through safe, permanent CO₂ storage,” said Barry Engle, president of ExxonMobil Low Carbon Solutions. “We’ve worked diligently to meet or exceed the rigorous standards set. Carbon capture and storage projects will create growth, jobs and economic opportunity, and we’re pleased to play a leading role in advancing their deployment.”
Class VI injection wells store CO2 deep underground after it has been captured from an emissions source or the atmosphere. These Class VI permits allow ExxonMobil to inject an average of 1.1 to 1.67 million metric tons of CO2 per year into each well, with a maximum total of 5 million metric tons per year across all three injection wells. Over the 13-year injection period, ExxonMobil would be allowed to inject a maximum of 53 million metric tons of CO2.
EPA regulations require ExxonMobil to conduct comprehensive site analyses ensuring the wells protect the environment during construction and operation, including preventing drinking water contamination and human-induced seismic activity. EPA also mandates that all operational plans meet site-specific conditions, covering construction materials, mechanical integrity, and emergency response protocols.
EPA proposed to approve the permits in August of this year and took public comments and held a virtual hearing. The final permit documents, responses to public comments, and other finalized or updated documents are available on the docket.
https://carboncapturemagazine.com/articles/epa-issues-three-class-vi-permits-to-exxonmobil-in-jefferson-county-texas
now FOX news changed the title, "oil and gas" instead of "oil"
As Oxy gets smaller, less complex and has less runway…it’s time to think about an exit plan…the leadership has to be thinking that Buffet is less than 600 days from expiration and self enrichment is the best strategy for the company.
Oxy will not drill its way to prosperity in 2026.
What do the boots on the ground think? About the adventure ahead?
Which site is safer: DPK or SPM? I recently got a job offer for SPM but I’d have to move my family from TX to PA. Thats a huge change considering it’s PA.
We’re talking betrayal. We’re talking families packing up U-Hauls in the dead of night. And yeah, we’re calling it out: Chevron’s big-money grab on PDC Energy back in ‘23? It straight-up gutted our oil and gas workforce here in Colorado. Let’s unpack why this merger turned our bo-m into a bust.
Remember when Chevron swooped in with that $7.6 billion all-stock deal for PDC? They painted it as some powerhouse combo – “largest producer in Colorado,” 1,000+ drilling permits, free cash flow for days.  Sounded like job heaven, right? PDC was us – Denver-based, boots-on-the-ground in the DJ Basin, keeping rigs humming and paychecks steady. But fast-forward to 2025, and Chevron’s playing a different game. Global cuts? Up to 20% of their workforce gone by ‘26, slashing $3 billion in costs.  Here in the Mile High? 125 souls from their Denver office shown the door starting July 1st.  That’s not just numbers – that’s roughnecks, geologists, admins who coached Little League and bought rounds at the Water Course.
But wait, it gets uglier. Brownfield sites? The ones PDC was reworking like pros? Work’s nearly halted. Companies that sunk cash into upgrades for Chevron’s “efficiencies”? They’re idling equipment, laying off crews, folding tents.  And the rigs? Man, the DJ-Niobrara rig count cratered to just 5 by May – lowest since the pandemic slump.  Chevron’s not immune; whispers from the patch say they’re down to a skeleton crew – one rig spinning where PDC had multiples turning ’round the clock. Drilling deferred, completions paused. Why? Centralized hubs over local know-how. Sell off $2 billion in pipelines to some faceless buyer, ship decisions to Houston. Efficiency, they call it. Devastation, we call it!
Our communities – Greeley, Windsor, the whole Front Range – built on this black gold. Schools funded, diners packed, youth football thriving. Now? Ghost towns in the making. Chevron’s “stronger future” pitch?  It’s stronger for their shareholders, weaker for us.
Look, I ain’t anti-big oil – he-l, this industry’s in my blood. But when a merger like Chevron-PDC promises growth and delivers ghost rigs? We have to speak up!
Now they are moving in ksi and pushing out what’s left of the family owned local companies. Chevron will be using fortress, 1888/4x and KSI so good luck to all you contractors here soon you will be replaced and chevron does not care one bit they will just weed you out and make you want to leave!
LET ME REPEAT CHEVRON DOES NOT CARE ABOUT YOU. YOU ARE JUST A NUMBER NOTHING MORE OR LESS.
APA has been very quiet lately. There’s little talk about their subsidized position in Suriname 🇸🇷 or the 25ft of pay they discovered in a 10,000 ft well..
What’s really going on?
Will Apache sell Egypt?
The market does not think APA wants to P&A both the GoA and the North Sea…when they can drop it off on bp and Exxon….Just like Fieldwood did to them…
JC 2026 is the year that APA gets smaller
Here is the location of my job:
https://jobs.exxonmobil.com/search/?q=Engineer&locationsearch=India
As an engineer working in Canada in Okl & Gas for 25+ years, where can I work now??
No need to answer my question. I already found it.
We’re talking about suits, government administrations… oh my!!!
Be honest to yourself!
why do you think this industry pays so well?
Because we’re smarter than everyone else? No. It’s because we’re supposed to deal with downturns.
This is oil & gas.
Downturns have been part of our DNA since the Drake Well was drilled more than 160 years ago.
We’ve seen them before, and we’ll see them again.
We've hit our goal of 1 million barrels of oil equivalent per day from the Permian Basin.
We've created the opportunity to grow free cash flow for years to come.
I recently joined Viridien thinking that this was a progressive company making progress on social issues like equity and moving away from oil and gas towards the energy transition and renewables. Lately it feels like these goals have been completely abandoned with a real lack of direction and no ambition. Don’t be fooled by the values that the company promotes externally as there is no conviction behind any of it.
Petrofac a North Sea oil and energy services group, could file for insolvency as early as Monday morning before markets open, it has been reported.
The company’s board is reportedly holding emergency meetings over the weekend to discuss the possible collapse of the firm, putting around 2,000 jobs in Scotland under risk.
They did some shady stuff and they completely went full negligent…does the market reward this behavior or break it up into regional pieces….
Shell and BP are using their services
The original announcement was, Imperial Oil will lay off 900 staff from Calgary to reduce operating cost, and staff at the asset level will remain untouched. But, now I find out that they will layoff from Strathcona refinery too.
What happened? Did I miss understand the original announcement? Or, is it IOL management lying to us again?
Administrators are on standby this weekend to handle the collapse of Petrofac, the oil and energy services group - an insolvency which could threaten the future of more than 2,000 jobs in Scotland.
Sky News has learnt that directors of Petrofac have lined up Teneo for an administration process which could be confirmed as early as Monday morning.
Oil producers go to battle over mineral rights in Arkansas’ Smackover formation
Jamie Smyth in El Dorado, Arkansas
Published
Apr 23 2025
ExxonMobil has defeated an attempt by rival Occidental Petroleum to contest its production rights on one of the largest lithium deposits in the US, as oil companies fight for a foothold in the critical minerals business.
The regulatory battle in Arkansas between two of the largest US oil companies comes as the Trump administration rushes to boost domestic extraction and processing of critical minerals to break American industry’s reliance on Chinese supplies.
Lithium, a crucial ingredient in high-powered batteries used in the electric vehicle and defence industries, is a priority for Washington as Chinese companies process almost two-thirds of the world’s lithium supplies.
Exxon, Equinor and Occidental are among companies racing to develop lithium extraction and processing facilities in the Smackover, a geological formation stretching across Arkansas, Texas, Louisiana, Mississippi, Alabama and Florida.
A US Geological Survey study published in October estimated there was between 5mn and 19mn tonnes of lithium reserves in underwater brines in the south-west Arkansas portion of the Smackover. If commercially recoverable, this would meet the projected 2030 global demand for lithium in car batteries nine times over, it said.
Saltwerx and other producers in the Smackover intend to use direct lithium extraction technology, a process in which lithium is pulled out of brine while leaving other dissolved compounds behind.
There are still questions over whether the technology can be a commercial success when compared to hard rock lithium mining and evaporation ponds, a low-cost technique used in Latin America.
This week Saltwerx, an Exxon subsidiary, was granted the right to establish a 56,000-acre lithium production unit by regulators over the objections of Occidental, which argued it owned minerals rights in the area and had plans to produce lithium.
An Exxon spokesperson said the decision could help unlock the domestic lithium industry, support jobs and strengthen American energy security.
“Attempts to delay progress could jeopardise economic growth for Arkansas and undermine US efforts to reduce dependence on foreign critical minerals,” she said.
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https://www.ft.com/content/7b229e31-692a-4342-8973-3147f6063a99
Saltwerx intends to begin producing lithium in 2028. It forecasts that it can generate $27mn in annual profit from producing 165,000 barrels of lithium brine per day, according to a regulatory filing.
An Occidental spokesman said the company routinely participated in hearings with state regulators to develop operating agreements that ensured the responsible and fair development of resources for all interest owners.
The commission also approved an application by SWA Lithium, a joint venture between Standard Lithium and Equinor, to establish a rival production unit in south-west Arkansas. Last week the Trump administration selected it as one of 10 critical minerals projects that it would prioritise.
https://www.ft.com/content/7b229e31-692a-4342-8973-3147f6063a99
Ryan “poorly tailored suits” Lance, CEO of ConocoPhilllips, stated
"We probably plateau later this decade," Lance said. "It's going to be slow decline beyond that, because there's a lot of resource."
What’s your technical perspective or intuition on production declines and soaring OPEX now that Ryan is viewed with contempt by field personnel particularly Marathon and Concho Honchos
General update: US Silica was purchased by the Apollo Group ("wealth management firm") in August 2024.
Almost immediately layoffs in the corporate structure (not surpising, given a buyout)
Company is now ULTRA focused on cash - so very little capital spending, really digging into every bit of money spent.
Rumor is that they're trying to sell the Oil & Gas plants.
ISP - They laid off all of the mining employees at the Lovelock, NV plant. (Most of them got rehired by the contractor that they hired to run the mine now.) Several plant employees also laid off, not sure how many.
Decisions being made at the corporate level without regard/knowledge of how the DE plants run are going to make it impossible to keep the plants open. Orders in general on the DE side have been low since Nov 2024.
I'd stay away from US Silica. They also have a history of laying people off right after performance reviews (in November) . That way they don't have to pay any bonuses, since you have to be employed in March of the next year to collect the bonus from the year before.
Rumors flying around that Chevron’s North Dakota assets are seeking a suitable purchaser. Folks on the ground what’s your perspective? Possible or Impossible…love it when they say impossible
Story by Mella McEwen
ExxonMobil officials, like all other oil and gas producers, are closely watching the current economic climate. The company recently announced a reduction of 2,000 jobs — none in the U.S. — as part of a long-term restructuring plan.
“We are worried about prices,” said Rich Dealy, vice president, Permian Basin, with ExxonMobil.
Addressing Hart Energy’s Dug Permian conference, he continued, “Our depth of inventory is impressive even at current prices.”
Dealy said ExxonMobil is worried less about oil prices and more about efficiency gains, with a team of skilled workers focused on improving efficiencies and refining drilling and completion costs. A vast majority of its Permian Basin wells and operations are monitored from a central hub.
“We have a number of good zones across the basin,” he said. He sees the rising amount of natural gas being produced in association with crude oil as an opportunity, but the Permian needs sufficient takeaway capacity to realize that opportunity.
The multinational giant currently produces 1.5 million barrels per day from its Permian Basin holdings, with plans to increase that to 2.3 million barrels per day by 2030.
“The Permian is a gift to the U.S.,” he said, predicting ExxonMobil will be developing resources in the Permian Basin for decades to come. “We predict production will continue to grow, oil and natural gas demand will still be tremendous, at least through midcentury.” Despite the rising use of renewables, he said the company estimates oil and gas will still provide over 50% of the world’s energy.
https://www.msn.com/en-us/news/other/exxonmobil-permian-growth-targets-2-3m-bpd-by-2030/
https://jacobin.com/2025/10/canada-oil-us-profits-workers
Thoughts?
Existing operating model was developed after covid when they acquired a company. ConocoPhillips was a great company before but that 4 to 1 ratio in the Permian, compromised the core.
The need to liquidate the artesia New Mexico office and part of Midland office has been conversation for 4 years. That shift will align with SPIRIT values.
Corporate finally confirmed that vendors have to pay to play. Hang on to your cowboy hats, it's going to get bumpy!
As it turns out, that career path was just a revolving door disguised as opportunity. You blink, and the next round of layoffs wipes out another crew. It’s too bad we all bought into the stability myth. All of us should’ve seen the writing on the wall much sooner.
Seeing lots of 2nd tier GoA acquisition players both in the office and some have made it offshore. This is not platform tie back or host opportunities. What GoA assets are on the market? Does the strategy to simplify and improve asset quality make sense?
….reposting a thread that was deleted for no reason…..
Shell is trying to reduce OpEx by reducing number of engineers in North America (USA and Canada) and offshoring the jobs to cheaper countries like India.
But is it really working? I see TAO folks come here, work for some time in North America, and then go back to India and quit. They go to a competing company at a higher salary.
How does that make sense from cost reduction perspective? And how will all the technical knowledge be retained??
Council Chairs established and members nominated. Mobility surveys have not closed yet but ppl have already started disappearing from QP (most are involuntary). Staffing & selection process is on by first week of November and we all know how this game works - similar to how PADP is run in this company, rife with politics. Good luck to those who wants to remain employed!
What will Exxon do now that Guyana wants LNG and gas to shore. 2026 will be the year that the Guyana miracles turns sour….
Predict and manifest Conoco’s reality for 2026 and beyond!
Will the company continue record production rates?
Will increases in incidents occur due to less people and more responsibilities?
What assets will be divested?
Will CEO buy better tailored suits?