Any thoughts or rumors on where the new office will be?
29 replies (most recent on top)
PXD moved out of Williams square and went across the highway in a brand new fancy bldg. they sold the old one bldg I believe.
they'll need to sublease...they signed a long term contract to convince the developers to build the thing.
Pioneer sold their building last year, they’re just tenants. I hear they’re allowing more WFH flexibility so they won’t need much space....
Pioneer will have much more space after Oct 1, and will become a landlord looking for tenants for the stack of bricks building, onsite day care, onsite physician, onsite cafeteria .DART
Pioneer has space.
Yes, a computer screen is a computer screen and you can do that from anywhere
Can I check my wells from home with zoom? asking for a friend.
Waco here we come!
Let’s go hang with the Pioneer boys!!!
Just out a move from west Plano into shared office space in Irving, Texas. An oil company new Corp Office off Hidden Valley Ridge off Hwy 114 has much extra space, daycare, cafeteria, train line, and loads of onsite parking. Room to take 600 employees. Will result in saving for both companies
@7dvs...another thing...if Texaco thrived sooooo much...why are they no longer around? Probably because they didn't thrive. They ultimately needed to be swallowed by Chevron. You must be VERY new to the industry. Read up on the history...it's all on the internets now.
@7ds That's a nice try. One of those was an oil company and only in BK as a result of a dispute with Pennzoil over Getty Oil. Again, do your homework. Texaco only filed for BK to get them off their back. All the others can't be compared. They're not O&G companies. Guess I assumed you would know to only use companies from the SAME industry. My BAD assumption. Try again nimrod! Problem is...you can't really find any suitable comparisons because they don't exist.
yeah here comes the paragraph of word vomit spilling down from his pedestal
Apple, GM, Texaco, Hostess, Delta
Now go ahead and move the goal posts, throw another childish insult my way, and post more of your insipid bullsht.
How much management does it take to run a small oil field company?That is the question and is one of the reasons Denbury is in the shape it is in now.
@7dz Give me a list of companies that survived or thrived after BK and then you’ll have some sort of foot to stand on. Otherwise...you’re clueless!!
But what if they want to get MORE than their money back? They certainly have that potential here.
They can get people to run the business for them. Either trust the current management (it is largely PRIOR management that got us into trouble), or hire somebody they think is better.
Oh sht, here we go with the MLPs again . . .
@5fcc...you're correct that I was half-way joking. Whoever the PE firm is doesn't want to spend tons of money relocating people all over the metroplex or to another city. But, you of little experience in this industry...when the PE firms take over, it's a slow death. Look at any of the larger ones...Linn, Breitburn, EP Energy...it's a slow sell off of assets. Not much capital is invested. It's all about cashflow preservation and selling off as soon as possible to get as much money back as possible. It's a sad truth, but this is how it happens. So...you're right...i was purposely wrong on this acute issue, but in the long run these guys don't want to own/manage an oil and gas company. They just want to get their money back.
I heard from a reliable source they signed a lease on a space with room for the people we have now so the last comment is wrong.
Who’s the PE firm running the bankruptcy process...that’s where everyone will land. The few survivors that make it.
So many haters
After how many yrs of spending crazy numbers on a Corp office, good, you guys are banished to the cube farm. Have fun in a normal office setting.
Our manager told us we are going to cubicles.
Hopefully we remain where we are, and packing up is mainly posturing for negotiation purposes. I've heard the other two locations being considered are east of NDT and between Legacy and Headquarters.
Everyone just keep their head high, we will get through this together. Then we can start focusing on what’s important, like whether the new building will have a free omelet station and blueberry pancakes.
I heard a few places near Legacy and the Tollway area. I am sure we will overpay and sign a 100 year lease!
East of the MIssissippi 12% less on that side.