Remember when JC stood up at the Town Hall and told us “the tape is green” like that was supposed to make us feel better about layoffs? Fast forward a few weeks: the tape’s red, the halls are empty, and morale is in the basement with the unpaid... — read more
Job cuts
Hearing rumors of people being walked out the door. Anyone know which departments are next in line? IT? SCM had a recoding 2 weeks ago.
Timeline
January 2015: New CEO appointed New CFO appointed Market Cap: 22.6B WTI: 47.22 June 2015 New IT VP appointed (later becomes EVP) Market Cap: 22.2B WTI: 59.82 September 2016: Alpine High announced Market Cap: 21.95B WTI: 45.18 October... — read more
You chose
All of you still at APA acting like the first episode of Severance. You choose to keep returning to that god forsaken place working for those god forsaken people.
Global Town Hall
Just more sales speeches and no transparency. Hope is derived from leaders that are accountable and honest, not from leaders that only preach optimism. Glad you are so excited about our future, wish we could say the same.
Permian Resources Buys Apache's Northern Delaware Assets for $608MM
Is Apache slowly getting butchered?
Embezzlement Pyramid Scheme
Does anyone know how many times APA has spent hundreds of millions of dollars hiring McKinsey and other management consultants to tell the organization they needed to operate more efficiently? Meanwhile telling their staff to operate more... — read more
You whiners need to put up or shut up
The ELT has more skin in the game than any of you. You know how much stock they all own? So when the stock tanks, yes, your LTI takes a hit. But when the stock hits the sh----r, thr ELT can’t maintain their vacation houses or add to their wine... — read more
Around 10 were let go from supplu chain
Another bad day
Want to make a difference?
Use your proxy vote to make a statement. Quit asking why the board doesn’t do anything and use your vote to change the board. Apache doesn’t even look like the company it was. Raymond Plank would be devastated to see what it has become. Vote by May... — read more
No point in staying here
This place just refuses to let you grow. It doesn't matter how hard you work or how much potential you show, where you are is where you're going to stay. It's really that simple. If you're trying to build a career, you're pretty much out of luck. The... — read more
Selling out? Who would buy us?
Rumors are increasing again that we are on the block.
Potential Town Hall Topics
What topics will our feckless* leaders have in store for us at the town hall? Why their salaries are reasonable. Why we have to do more with less. Why they have to lay off more of us. Whatever McKinsey tells them to say. *For School... — read more
Where you going JH?
Don’t like your new title and departments taken away.
Blind as a Bat !!
Upper management cannot see what's going on with contract hands but they let it slide anyway !! They will pull us all down.
Asset structure
Does it mean each team will have a landman, geoph, geol, re, pe, fe, and planner? Or we got no clue?
Layoffs
Were there cuts yesterday? Can anybody share if their group was hit?
$14.33 Blaa Ha Ha Ha
Absolutely pitiful, this executive team is awful!
Why APA loves TAMU but hates UT
Both are good in state schools. Why
Bloomberg - Oil Producer APA Cuts up to 15% of Workers
“The magnitude and timing of cost savings were both disappointing relative to our prior expectations,” he wrote in a March 10 note to investors. “Given current oil price uncertainty, we feel it prudent to temper enthusiasm.”
Alaska discovery
Thoughts on announcement today?
Who’s going to buy us? Who do you hope buys us?
Throwing out P/I, sudden obsession with stick count and faster production… Smells like a pump & dump! Any rumors about which company or companies came with the offer the CEO mentioned in the town hall?
Not a good place to work
Things that su-k at Apache: Poor management Poor work life balance Poor skill development Toxic office politics Horrible company culture Micromanagement Lack of promotions Lack of job security Things that don't su-k: Some of the people who work... — read more
401k rollover after severance?
Does anyone know if Apache allows you to keep your 401k funds in their retirement fund within Fidelity or should we rollover to IRA?
Massive layoffs then promotions?
Massive layoffs. And now all you see is promotions across the board on LinkedIn? Why am I NOT surprised. Like this wasn’t planned? You will Never be Premier
Business Excellence
Today's stock price showcases the value of this team and its cross-eyed leader. This team's existence showcases the C-suite's idiocy.
The real issue
We can agree on ELT made bad decisions one after another, but the real issue is that we have way too many 30 year old VPs, directors, senior managers, and senior advisors. Think about it.
Life is good until your badge does not work
Been here since December 2011. It was wild being on the other side of the layoffs this time. We walked so many good folks out on that Tuesday. Wednesday morning at 8am, I got the call on my off-day! Being part of the security team it was hard. Went... — read more
“Something is clearly not clicking”- Doug L.
Doug, you hit the nail on the head. The APA BOD needs to hold JC & SR accountable for the stock price destruction over the past 10 years. The reason why these big numbers being quoting are not “clicking” is a directly result of poor management... — read more
Crustman got grilled at earnings call
ELT should be held accountable! Board needs to make a change.
Merit increases
Any rumors?
FIDELITY
Fidelity 6% Will be Deposited on 2/24/2025?
New VP Announcement
An Apache class act move. Layoff 150+ personnel and then announce a newly formed VP position who was hired less than a month ago. Hired and was sitting in non other than business excellence and now reports to non other than yours truly mm. Got to be... — read more
The Breaking Point
After three reorganizations in less than five years, I guess I shouldn’t be surprised that I ended up on the chopping block. Leadership promised stability but delivered more chaos. They preached transparency while making decisions behind closed... — read more
The worst part
The worst part was moving us into the new building. We were no longer isolated in POC and we were able to get to know each other in the new building. People were no longer just a name on Teams, but rather someone you would say hi to in the elevator. — read more