What was the logic in becoming a single basin company?

Have you noticed that any negative opinion on this website about SS and PXD is removed. Started happening after the merger news. The two posts after the rules to live by were removed.

My previous post got removed for whatever reason, but here is the repost. Pioneer forgot to follow its own rules to live by, especially those related to RESPECT values. No wonder they were worried when the news about the PE merger got leaked to... — read more 

In this round of layoffs Pioneer forgot to follow its own rules to live by, especially those that fall under the respect values. No wonder they were unhappy when the news of the merger were leaked to press. The did not want people to associate... — read more 

For those of you who got the package. Would you go back if asked back?

After the Bloomberg interview I feel that we are getting ready for a Exxon takeover.

I just watched our CEO’s interview on Bloomberg where he says there will be only a few independent shale producers in a few years? Everything is changing very quickly and I would not be surprised if some more consolidation happens soon. After... — read more 

Could it be that ss and his son executed the transaction hoping to sell two companies for more than each one individually? So much of their capital tied up in it, sounds like a good exit strategy to happily ever after?

So of course we are all glad to have kept our jobs (for now). But the morale is shot. Different supervisors, different roles, ambiguous PMP process targeted at getting rid of people in March w/out any package. No target bonus, maybe half of target... — read more 

So Scott Sheffield is now bailing out his son’s company (Parsley) after laying off 300 of Pioneers employees. Is that how many employees Parsley has? What a coincidence.

I think PNR CEO S. S. let the cat out of the bag when he spoke publicly about the petroleum industry was in for a major consolidation if the downturn continues. Well oil stayed pretty much below 40 and if your read the WSJ the consolidation started... — read more 

We were all blatantly lied to

IF he couldn't make it work with his tennis pro VPs the plan was always to have parsley aquire acreage at a discount that Pioneer would have been charged a premium for. Hey landowners there is a reason Pioneer uses shadow companies to lease and... — read more 

How big do you think the cuts would be on our side?

Jagged Peak Energy gets eaten by Parsley, Parsley gets eaten by Pioneer, Pioneer gets eaten by Exxon, Exxon gets eaten by share holders. In the end everyone becomes waste if your not one of the kernels of corn. Its the natural order of the Oil and... — read more 

I would not have believed what I read in the WSJ today on the merging of Parsley Energy and Pioneer. This merger will not require the exchange of cash rather it will be an equity exchange; probably 1 share of PNR for 5 shares of Parsley Energy. ... — read more 

Pioneer - Parsley tango, good or bad?

I’m voting “hey step bro”

https://www.wsj.com/articles/pioneer-natural-resources-is-in-talks-to-buy-parsley-energy-11603153466

Come on Exxon! We are more valuable than Concho!

This is JIMBO & DRY HOLE PLANO JIM back for another thought and thread, so many excellent and very constructive comments on one of my earlier posts concerning learning about the oil industry. Following the blood bath of the past few weeks the... — read more 

Last four weeks of pay are in, computer is about to be out. Just waiting for the final payout. Real question: “what everyone else is planning on doing with the book?”

OK this is going to be a Dry Hole Plano Jim post and a JIMBO post since many have figured out who I am. Just an observation on many of the posts and I think there is a lack of oilfield basic knowledge possibly due to recent times and... — read more 

SS was getting the company ready for a buyout all along!

So after months of stress field employees who don’t know what individual contributor means but showed up to work through the pandemic while the rest of the company “worked from home” can finally breathe a sigh of relief. Those spared managed two or... — read more