Are there a set of rules that staff are frozen in place till closure?
It would seem reasonable that there would be a monumental m—acre of staff on both sides to improve golden parachutes for senior management?
Remember these are tense times for management trying to decide on buying a villa in France or Portland with the booty.
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Devon control means more layoffs just like they are famous for.. so I see more Devon layoffs soon
WPX has less than half the staff we do but they have close to the same current activity level. Yes, there will be lots of jobs lost. For those fortunate enough to keep their jobs, I doubt the future will look anything like what it does now. Get ready for more hours and workload. There is a reason the WPX leadership was picked to run the main part of the business. They have experience running a company very lean. Just my two cents.
Wellcon? Look forward to totally decentralized operations, since management lacks the confidence in themselves to centralize ops. It will eventually swing back to centralized ops when there are enough accidents and screw-ups in the BUs. Just reading the tea leaves.
What about Wellcon? Will we continue steering our wells or revert back to the BUs steering?
Who will draw most blood is the question?
It's cheaper for the product of this okie inbreeding to simply toss out as many of the WPX kids as feasible. Keep the staff you are having affairs with and those you have eyes for and axe the rest.
That would gain the new management a lot of respect from the board which would issue a larger amount and a lower price for stock options issued to the senior BS artists with such cold blood.
Mr. Ed already secured his villa in Italy.
Has already happened, Rick Muncrief and Clay Gaspar at the top. That should tell you something?
Me
If management is so stupid to waste their parachute, they deserve what they get.