How big do you think the cuts would be on our side?
4 replies (most recent on top)
What about completions and drilling departments? I am sure they would not need two fully staffed departments to run the same amount of rigs and fleets
15% total (PXD and PE) and that’s if oil price recovers. If oil is $40 then god bless
together I think 300-325 will go out the door by Feb 2021 it will be the departments that have duplications such as HR, land, environmental, facilities, accounting. This will take another 3-4 months to do this RIF with a package. The haircut in people will be the cited saving of 325 million per years. It is going to be a brutal end of years and Christmas for those that survive
Another 5-10%