Anyone know the employee headcount for Lower 48? Separated out by asset?
10 replies (most recent on top)
Let go 3000
1500 useless wankers in Bartlesville.
guitar pickers in Nashville
4568 total.
@NpMx9NH-2iwk - AH at Exxon still had a big organization and research to lean on if he needed it! But what you stated is correct, COP (ELT + Mid level management + most employees) do not have the mindset to truly operate as an independent. Failure to get the right leadership will result in failure as we see currently occurring. The lying and misleading the stockholders is coming to an end! The ELT needs to be terminated with cause and escorted out of the buildings with media cameras blazing!
My concern is that COP will be unable to make the necessary step change in organization and organizational thinking. The current bloated, bureaucratic, process-burdened approach is all we know whether we are a 5 year employee, 10 year employee or 20 year employee. Most would be out of their comfort zone w/o the management/decision-making by consensus. Most would not know how to manage their time if there were not the multiple standing-room only type meetings. A look back at the past five years does not bode well for the future. Just unable to make the necessary step change with the current in-house ELT. May have to bring in outside management or possibly merge w/ another company that does possess the type of management that can make the step change happen. No way around it, we have to position the organization as an efficient independent. No way around it.
30 years ago when I was working for Exxon in East Texas, we had 200 kbd of oil and 400 M/D of gas and 3 major gas plants, 3000+ wells and fewer than 100 exempt/professional personnel and 500 wage. We were running 18 rigs with many Cotton Valley frac crews...Oil was only $18/B. COP has alot of cuts to complete. COP headcount needs to be below 5000. Al H. knows how lean XON ran its business. He needs to cut the fat in COP starting with overhead functions. Also a majority of the staff was 25 to 35 years old, all hired between 1977 and 1986.
Lwr 48 is going to and needs to get hammered. It has always been excessively over-staffed giving rise to endless processes, teams, rules, bureaucracy, etc. the major (only) production growth opportunities are limited to unconventional shale plays: Eagle Ford, Bakken & Permian-Delaware each of which are in a negative cumulative cash flow position w/ little prospect of reaching break even in a$40-$60 oil environment. What are we running now, 12 rigs in the entire Lwr 48 (Eagle Ford: 5, Bakken: 4, Permian-Delaware: 2 and Permian conventional: 1). That's it. Thirteen rigs in the entire Lwr 48. Significant opportunity and need to downsize Lwr 48. Way past due. People are just sitting around, go inning to meaningless meetings, preparing worthless reports ( my favorite: the "activity" report). Lwr 48, all functions, all levels could be reduced 50-60 percent. A reduction of this size would kill the unnecessary processes and meetings and reports. Remaining workforce would then be devoting time and effort on what is truly value adding. We have need this magnitude of correction for some time. Another indication that management is not aware of how business is currently being conducted. Seem they are more interested in preserving thee status quo empires.
1500 too many. Layoffs should start asap
MCBU - a lot
RBU - more than enough
GCBU - too dang many