Thread regarding Apache Corp. layoffs

So now we are shooting ourselves in the foot.

This company must have an A team of id–ts working around the clock on how to drive this once great company in the ground. We now have decided to not flare ever. No government mandate. We our doing it because we are now green. What stupidity with perplexing timing. With leadership like this we won’t last two years. That’s being generous.

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Post ID: @OP+15i6nzD0

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JC hired some new “visual material” within the leadership ranks to make the org look successful for a buy out. Nope. I’ve worked too hard on my credentials, experience and career to go down in this way. I’ve committed my career to this organization. It’s a total industry embarrassment to APA

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Post ID: @klhz+15i6nzD0

We will never be acquired. Execs made it impossible to be bought out. The stipulations they have set make the cost of buying out Apache so high that no one will ever do it. You can forget about that dream.

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Post ID: @uho+15i6nzD0

I mean...would an acquisition be terrible? Virtually every employee I've spoken with at this company prays for one. That outcome, however uncertain, is much more favorable than what we currently have.

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Post ID: @sjw+15i6nzD0

I can agree with you on that very specific reason. Unfortunately, that’s not Apache’s reason. On top of that the timing is at best questionable. It almost looks like they are trying to impress someone who may be interested in acquiring us cheaply.

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Post ID: @dra+15i6nzD0

On some level it has to be a good decision, though, just to play devil's advocate. That's a resource that is finite, and it's our resource. Economics aside (as if we haven't tossed them aside enough already), we need hydrocarbons for way more than just diesel and gasoline. We could find ourselves incapable of maintaining our agriculture due to a lack of fertilizer, just to name one. Plenty of reasons that flaring is absurd, even apart from the environmental impact of it.

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Post ID: @agh+15i6nzD0

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