PXD is going to acquire RRC for a premium to expand their operations sometime in Q2. I've heard they will retain ~50% of the RRC staff, mostly field folks. PXD already fat so no need to get fatter with more people
Management should be ashamed of how they have run this company into a debt ridden company. They should have taken the Shell money and Jv’d back in 2010. Maybe that deal would have not let management piss away one of the best average positions in a... — read more
Today is the day, we are cutting even more from the herd. Just happy I made the cut.
When are you guys going to announce cuts to your compensation? You all should be ashamed of yourselves. It must s— to look into the mirror each morning knowing what a c-appy job you have done.
allowing Range shareholders to live on, albeit in a different form, but avoiding BK with the likes of AR and GPOR
Well Range is getting rid of Carlton Office at the end of the week. pretty much gave it away and all the original people that made Range. Severance packages all around.
And will there be any more layoffs today?
Everyone laid off today
Will the merger cause layoffs?
This has prompted speculation about consolidation, and Morgan Stanley energy analysts Wednesday offered some possible combinations that would make sense based on “accretion and geographic overlap.” Range Resources (RRC) and Southwestern Energy... — read more
2Q earnings next week will not be good. Large institutional investors are selling down their positions in a hurry. The only people who should be losing their jobs at this company are the executives and their buddies on the board. Morale at this... — read more
Read how Range Resources really conducts business. Unfortunately corruption and lies are the industry standard. $3 Million Settlement Revealed In High-Profile Fracking Case... — read more
Rumor going around the FTW office is that the Houston office will be closed this year and consolidated. Have not heard a timeline though.
Buy MRD. Range did no due diligence when they bought MRD because they needed a boost in pdp reserves quickly. They then fired all the N. LA ops guys and MRD accountants that Range brought on with the acquisition. After reading the 2Q call transcript... — read more
And the axe continues to cut. The stiffs came from FT. Worth on Friday to North LA today and started cutting management folks. Had security present and sheriff's department cars waiting to carry people home. Didn't even allow the laid off employees a... — read more
April 07, 2017 - Here they go again. 19 people cut in the Ft. Worth, TX office. A few stay on the "transition team" and will be whacked as soon as they are finished. RMS Titanic II
If it goes threw we are all done they won't need us no more
Layoffs beginning 9:00am
Here we go again, sometimes it feels like it'll never stop
Laying people off in this fashion will hurt Range's ability to acquire talent in the future. Made emphasis on how good Range was at focusing on long term and riding out storms, then without warning shuts down division. This downturn won't last... — read more
Some people got offers to go to Ft Worth, but I've only heard of 1 who's going who isn't management. Telling an office that there is no immediate threat then closing the office a couple of weeks later is shady. Everyone showed up to work on Tuesday... — read more
MidCon division is closing, I'm out of work. But I was gonna give up Range for lent anyways....
What do you guys think about the future here? Are we solid? Are things going to be better or should we expect cuts in 2015. Pinkerton and Ventura run a tight ship but I am not sure that things will be rosy in 2015. God bless.
What do you think, are the prices going to go down?
May have layoffs in June 2014
I have seen what happened to CHK and Encana, what are the prospects of layoffs happening at RRC? I know that things used to be worse and that the industry is recovering a bit now, but overall, do you think we'll see massive layoffs (Encana is cutting... — read more