I’m curious what data this list is based on?
Topics regarding layoffs at Apache Corp.
Anyone have news on whos buying the fields located in Snyder, Ira, and Hamlin, TX? we were told our last day with Apache is Feb 28 but, didn't release what company is buying the fields.
If HR or project team is reading this or anyone else, will employees that are voluntary leaving or involuntary let go: will they black listed by company to be consider for future position?
Does anyone know what the salary multiple was for those who accepted the early retirement offer? Was it 2 weeks per year of service? 1 month per year? 80% of a month per year? Or was there no standard salary multiple?
It seems its all quiet on the front.....any updates in Houston office? Thinking it might take a hit at the near end of January.
It is extremely coincidental that the company announced this discovery less than a week after phantom unit distribution (which act like a cash distribution for the company) for employees, even though they've known about the oil discovery for months... — read more
A large body of experience just walked out the door today, due to the early "retirement" mini-incentive offered in November. It's a shame, but there are opportunities for APA competitors right now with these on the market. Mismanagement at it's... — read more
How’s your French Christmann? Thank you to Total for saving 2019 Christmas. I’m surprised it hasn’t hit the market news-wise though...
SA Apache: lied about Alpine being an oil play. As former Enron, of course they did. And then they stole from other offices like Midland and Tulsa once they infiltrated. Treated underlings c-appy and fired those who said anything. Tanked everyone’s... — read more
Post Oak is shrinking, but the trees kept voting for the axe. For the axe was clever and convinced the trees that because his handle was wood he was one of them.
Anyone have any idea what kind of severance will be given to people who do get an offer in Houston, but don’t want to be trapped in the same building as our CEO in a giant, ugly parking lot of a city?
Did we all just get the sack?
Wow... so quiet considering the news that came out today! Figures everybody would be celebrating the closure of the SA office.
There is no way to spin the numbers to make APA look good. Continuing to pay dividends despite losses, amassing debt, willingly decimating our own revenue each quarter via asset sales, and now making the noble decision to be explorers despite having... — read more
I didn’t expect this to be honest i got my first pay cut as a pumper 3 from 79k to 70k a year and they cutting the pension plan what a bs looking to go somewhere else asap
Did anyone else hear or read on the FAQ's: severed employees who have carryover vacation will not be paid for it? That sounds weird? Right? If you were vested to get the benefit, why could a severed employee not get the benefit? Anyone gotten... — read more
Don't have finance knowledge, is it possible the news about the Suriname update might have been anticipated to cause a drop so better news will help drive the stock up? Or the plunge would make the benefit payouts better on the equity?
So tired of our management bungling everything. Does anyone know anything actually concrete about Maka?? If they are testing it means they found something right? Maybe it is gas so therefore uneconomic.... I should not have put so much into... — read more
Apache Stock has a great cyber Monday sale going on. Purchase now and a really good chance it will drop in price!
Apache stock closes at $19.54, down $2.74 (12.3%) close to a 19 year low. It is the largest single day drop (in percent) since November 2008. This is based on evaluation of an exploratory well in block 58, offshore Surinam. Initial depth of 6200... — read more
Apache Corporation Issues Operational Update on the Maka Central - 1 Well Offshore Suriname https://finance.yahoo.com/news/apache-corporation-issues-operational-maka-120010406.html
I believe yesterday was the final day to accept a retirement package if offered one. Unfortunately, this might signal the start of layoffs. Interesting point @11YHmyU0-gcsz . Could this really be an indication that the layoffs could start soon?
Our managers are making a huge gamble on this Suriname well..... It better pay off. Anyone hear anything about the well? It should have TDed already.
What do we know?
So I got a call this morning from My Forman wanting to talk just now!!! So went to his office and he was like we have to talk about your paid they fkinf cutting my paid like wtf it’s not a lot but still it’s bs putting my 2 weeks really soon f this... — read more
Early retirement packages were offered today. Standard (up to) one year pay, 80% bonus and stock plan vested depending on age and years of service. Employees have until the 26th to make a decision.
On top of layoffs, are they going to ask employees to take pay cuts?
Once again a nonsensical non- decision making town hall. The fact that the holidays are coming and there is no information regarding office closures or even retirement packages shows who the top management cares about, and it's not the employees!!!!... — read more
From visual materials distributed and broadcast during CEO announcements the only clear thing is that Houston is the center of the Apache universe and will remain so. Midland non-execution operations are gone. San Antonio non-execution operations... — read more
The company should return to its acquire and exploit model, which was proven and successful. But it lacks the executive team to do that and now the worker bees are going to suffer.
The earlier poster is correct. Apache has announced a 10-15% headcount reduction across the entire company. Spending is being reduced by $250 million to $500 million. The future of the company may depend on the exploitation results in offshore... — read more
Reported loss of 29 cents/share, revenue down 25.5% from a year ago. Strategic reorganization has begun to address these issues. Hope you all make it to the Christmas party before you get thrown out to the street.
AWESOME!!!!!!! Alpine High was clearly a huge mistake. Let's see who makes it though this one. I'm sure SA office will close 1st. Don't put all your eggs in one basket.
The earnings call on Thursday the 30th is sure to be one of the worst in Apache's history. In a regional damage control meeting last week, a mention of, maybe I can tell you more after the earnings call. Yahoo Finance released an article (google... — read more
There was a long comment on here yesterday about some things going on with houston and permian. it was deleted quickly. What does that mean? The are plenty of bogus topics that stay on here forever. I'm concerned because Apache is really rough... — read more
We've all heard the whispers about what could be on the horizon for San Antonio. What happened yesterday was likely the death knell for that office. Like Tulsa a few years before, some of the employees will be offered transfers to other offices while... — read more
Any insight in this? All the midstream VPs brought in are now gone. What did they know??? Selling Altus????
So many rumors here, so little facts. Facts, people!
We having layoffs at midland office and also next week at Permian basin there having some programs going on away and pay cuts no bonuses and no more stocks so get tuned I hope there’s a buyout very soon this company is not the same anymore... — read more