With the failure of Alpine High, it makes perfect sense to move that staff into Permian and cut the Permian staff that kept the cash flow coming into Apache. Logical move JC. With oil below $20, the only way to go is up. JC will say it was the... — read more
Topics regarding layoffs at EOG Resources Inc.
This board is pretty silent, but there have been lots of layoffs here.
EOG to come out of this storm stronger than ever???....
Any news in the Oklahoma City division?. Lots of contractors
Almost 100 contracted employees were let go from EOG Resources in Stanley, ND with no notice of termination. Some are expecting children in the next few weeks. They say they are loyal to their employees, but that's false. EOG isn't as great a place... — read more
Layoffs are possibly coming sooner than we think.
This downturn is much deeper and already longer with no end in sight than our management anticipated based on all their BS presentations. Now what? We are not going to show a second quarter profit so which will go first an asset or employees? One or... — read more
EOG Resources layoffs coming! Get ready good old EOG Resources is getting ready to reward many of us for our hard work by showing us the door. I am hearing the cuts will be deep and what is left for those remaining will be a sweat shop. It is looking... — read more
I hope we have something planned to stop the bleeding! We are going down faster than the price of oil. If we don't do something soon it will be too late! Our stock has declined from over $105 to under $90 in a very short time, how long will our stock... — read more
EOG stock has been dropping for the past six months with no end in sight. We are going to have to sell marginal assets and reduce overhead if we are going to make it. If we don't start soon we'll have a big layoffs as well.
Any word on what will happen to the 300+ YPC employees that were acquired by EOG?
Management said we're toast if we post but it looks like we're toast anyway! Our stock price is dropping, oil price is dropping, cash is exhausted and there is no remedy in sight! Horizontal drilling technology and zipper frac technology hasn't been... — read more
Things are looking up! Oil just passed $51/bbl. Get ready to start drilling again!!!
If management will be more realistic on price Exxon will acquire EOG. An EOG acquisition will save 80% of the jobs while maintaining retirement and severance plans. A much better deal than bankruptcy if oil prices go to &20/bbl and stay there two or... — read more
Is everyone else also not seeing the number of replies to each post? If that is a permanent change it makes using this site MUCH harder to the point of not being viable.
Have you heard that we'll cut even more, that's what I heard from two unrelated sources? Anyone?
Hard to make money at Barnett and the Permian shale - there will be cuts, major cuts in 2015. The whole O&G industry is in turmoil right now. — read more
Leading US independent EOG Resources is exiting most of its Canada operations and laying off more than 150 employees and contractors. The news of EOG's exit from Canada does not come as a big surprise as EOG's leading US shale position is its core... — read more
It's my understanding EOG resources never had layoffs, but I can tell you that many people just are very concerned with the oil prices going down. Houston area will be probably the most affected, there is not much we can do here, we can just wait and... — read more