Thread regarding Anadarko Petroleum Corp. layoffs

Just a few thoughts on possibilities

If Anadarko follows its peers:

Older employees will be laid off and "cash out." Expect to see employees do cartwheels in the hallway on their way out when they see their severance, assuming they are retirement ready.

Geology will be devastated, especially in older assets where most everything is known about the asset.

Drilling and Completions will be hit hard, and younger engineers will be moved into production and reservoir.

Also, land administration could be devastated and Anadarko could demote landmen into their roles.

"Last in First out" - New College Grads who management knows can go back to school? Maybe-if they want to keep experience???

Oh and transfers and pay cuts are always a possibility!!!

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| 3451 views | | 2 replies (last February 18, 2016) | Reply
Post ID: @OP+FYJ9lZH

2 replies (most recent on top)

Field offices are the safest. There will be minimal cuts in Wattenberg, Maverick, West Texas and off shore. Most cuts will happen in Houston, Denver and assets that they are looking to divest.

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Post ID: @2afs+FYJ9lZH

Let's hope LIFO only applies to poor and outdated accounting method.

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Post ID: @1nir+FYJ9lZH

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