For someone who had been in the oil business his whole life looks like terry swift never learned a thing. He ran the company into the ground by mismanagement and pure stupidity. Never put on any hedges even when oil topped $100 a barrel keep on... — read more
Topics regarding layoffs at Swift Energy Co.
Houston office. Most the "chiefs" kept their jobs with their fat checks. Let the Indians go. Lots of outsourcing. Seems like the big stake holder (same Middle Eastern dude that owns PennVirginia) did what he does best, dismantled the place. Rumor is... — read more
IT WOULD BE MUCH SMARTER TO HIRE CONTRACTORS AT LOWER PAY RATE BECAUSE THEY KNOW ROUTES ANYWAYS AND THE WORK. OMIT THE MIDDLE MAN AND SAVE MONEY WITH THAT AS WELL. JUST MY OPINION.
It is happening today. I wish the best to the ones still with a job. I will not be surprised if upper management keeps their job. SMH
It's all those ex BP folks that brought the company down to the state it currently is.
75% budget cuts, no announcements on job cuts but all of know what this means. If the prices continue to drop we'll see MAJOR cuts at Swift. I personally think 2015 will be our worst year on record, nothing will be able to compare to it because price... — read more
Downsizing or not, Swift Energy is not a good place to work at. Backstabbing and nepotism rule