I heard the comments in the GCBU townhall too. They were cryptic but clear to anyone listening carefully. Holy smokes, here we go again.
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K2, Magnolia, Ursa, non-core or unprofitable EF acreage and probably Permian conventional assets (that is MCBU's contribution), so we can boost production in our un-profitable unconventional assets like Permian and Niobrara ( their numbers may be misleading and seem good until you factor in the leasing prices or ridiculous facilities costs along with all the science wells drilled that have gotten us no closer to understanding these reservoirs, they will never cover the cost it will take to develop them....hence the hesitation to do anything with Permian Unconventional and Niobrara as of now). If these were truly cash machines we would be drilling them as we speak, as of now they are just pieces of land that we can show to the street and say that we are in all the major NA shale plays. Potential asset sales were mentioned in the GCBU townhall last week but in a very cryptic manor as to not raise too much alarm to those who work these assets. Anyone in these assets will be let go when they are sold, fyi.
Bartlesville! We'll pay anyone to take it!
The made up one. Where the made up announcement took place. In an alternate reality somewhere.
What town hall?