if you really need people in midland i.e. working on the permian. you will have to work out some compromise. a lot of folks (especially the good ones) simply won’t go. i promise you. you want the good ones. i would give people the option of working from houston for up to 2 years for starters. be more flexible in terms of offering some compromise here. start from a position that they are not doing the employees a favor by preserving their jobs but that shell’s excellent employees can really contribute to Conoco. especially after the remote working learnings during the pandemic companies should really re think their inflexible location policy.
17 replies (most recent on top)
My favorite definition of "Tier 1" is the average EOG producer.
“Question for the Shell folks. How many tier 1 PUDs remain on your Permian acreage?“
define tier 1 …..
Lol @ the id--t asking Shell employees on a public forum about tier 1 puds
Conoco doesn’t care if you move to Midland, that is where they’ll send your paycheck. Do YOU care to pick it up? Because if not, there are 5-10 people behind you who will be happy to go get it.
Indeed. Nothing but value destruction for investors, not executives.
Wish in one hand and……. If stock goes up $15 a share then we are even with March 2014. So much for value add.
I just wish the stock would jump another $10-$15 and I would sell off my remaining COP stock.
Congrats COP on acquiring water wells from sh---y Shell with monkey tricks. You’ll soon have to start building water gathering facilities…bunch of id--ts, with money to waist and fat wallet to milk, that’s all you are! will be and forever remain.
If you don’t want to work where the Oil and gas are produced, then don’t go to work here. Last time I checked, we don’t produce anything in Houston. We sold what we had because of the optics and perceived risks. Engineering should be located near operations. We should all realize that we are all in a support role to operations. Sorry if you can’t achieve woke D&I goals if you are located in Midland. Time to support the communities that we exploit.
Most of these business decisions and outcomes are handled by a group of monkeys, that’s rights monkeys with low IQs, all in an big conference room, bananas will be strewn all about in the table to really get them jumping around oh and some darts.
The dart board has different possible outcomes. Each monkey picks a dart, throws it and sees where it lands in the board to determine what they go with.
That seems to be how COP as well and COG handled decisions. Something’s never change. GL
The job is in Midland. If you don’t move, then no job and no severance. Reduction in force objectives achieved. The JV squad doesn’t want smart people coming to Midland to compete with them or to debate current practices.
If you are assigned to the Permian asset, you will have to move to Midland. At least that is how it was a couple months ago when I left COP. They moved my position to Midland and would not make any exceptions to work in Houston so I had to find another job - no severance, lost my stock, etc... If they accommodate Shell employees and let them work in Houston, they will have a lot of pi-sed off COP employees that had to move. As far as open positions at COP in Houston, there are very few available.
(Repost from Shell Layoffs)
Question for the Shell folks. How many tier 1 PUDs remain on your Permian acreage? Historically, when acquiring the entire acreage position of a company exiting a basin, the ratio of undrilled high- to low-quality acreage is dismal, and partly or wholly explains the decision to exit.
I hope this isn't true this time, but COP's BD group has a consistent track record of over promising and under delivering, so don't believe anything COP says about PUDs.
“COP just made hundreds of employees move from Houston to Midland“
Well prepare to work a bit harder because you will get very little help the way its looking currently …… i think that was the OP,s point …..
Didn’t Shell lose close to $0.5B in 2020 with this asset? How do you think COP will squeeze value back? Keeping expensive or hard to deal with people? Haha. Welcome to McDonaldization of the oil patch.
COP just made hundreds of employees move from Houston to Midland when they acquired Concho. They aren't going to give Shell employees any special treatment. Also, wouldn't Shell try to retain the "smart" employees?
OP: That makes too much sense and you are assuming COP management are reasonable and competent. You’ll soon find out that your assumptions are incorrect.