Topics regarding layoffs at Chesapeake Energy Corp.

Topics regarding layoffs at Chesapeake Energy Corp.

$452 million hedge loss

Bloomberg has an article about the financial loss from the hedges. CHK looks like it did great, expected hedge loss of $452 Million. At least we don’t produce as much as other, they’re going to lose more. However, it’s a little depressing when we... —  read more 

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Post ID:  @OP+1c9mPqax

Unfairly distributed work

To stay in the company where I am overwhelmed with work, while others who are privileged for some reason do not have even a third as much work, do not have stress and have an excellent work-life balance? Unfortunately, only those who cannot find a... —  read more 

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Post ID:  @OP+1c2DZxh2

COVID cases rising

So quit complaining about people quitting. Soon there won't be an oil and gas industry to speak of so the fewer people saturating the company with overhead the better.

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Post ID:  @OP+1bUrIxeO

Peace out MFs

This is my last week at this steaming pile. It’s been fun and horrible all at the same time. These last couple of months have been the hardest. Watching great people one by one walk away and seeing what was once a great place to work turn into what... —  read more 

O&G Needs Innovation

Frac with sewer water or maybe oil from other wells, run flares through Bitcoin mining rigs, drill from surface to TD without casing, drill everything with air-no mud ever, water well rigs have cheaper day rates than oil drilling rigs, fire everyone... —  read more 

Promotions and Raises

Finally. Wow, after all this we get a 3% bump after getting another 20% workload dumped on us after every layoff. Career trajectory is looking pretty dismal as this point of you plan to stay with the company. Me, I’m leaving in a couple weeks... —  read more 

Thankful

I come back to this site every once in a while to remind myself what people sound like when they are bitter and able to say things anonymously that may or may not have the slightest bit of truth to them, instead of just doing their jobs. Thanks for... —  read more 

Friends in high places

Q: What happens when your friends at the top have left? What are you supposed to do when the umbrella is gone? A: You get rained on and then you get gone. Save your paycheck and pack your bags. Your little bubble is about to burst.

Webb of lies

Do my eyes deceive me? Did I wake up to see that they finally got rid of the dusty ole spider? OMG!! I never thought I would see the day that they would get rid of the most unethical officer in the company. Ironically heading up the ethics and... —  read more 

Drilling Folks

The previous post meandered into some dirt on drilling folks in the field. That was the best part. The $60k KLX thing in STX... wow. What else is there? Any stories? Only use initials or hints, don’t give any names. I know of some ticket signing... —  read more 

Exodus

and so it begins. Three more execs walking out tells me all i need to know about what is really going on. No way they leave if what is being said about our buying other assets or companies is true. Writing is on the wall. Getting my resume out... —  read more 

The CHK Story-Epilogue

Check out this definition, from an old DSM, of a phase of the mental illness, manic-depression, known as hypomania: Hypomania (literally “under mania” or "less than mania") is a mood state characterized by persistent disinhibition and pervasive... —  read more 

Out of line

It seems posts on here keep getting deleted. Upcoming CEO will clean upper management house and that may trickle down into mid management. HODL onto your hats... and your jobs?

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