Thread regarding Chesapeake Energy Corp. layoffs

Houston bound

Heard with new work structure and continued reduced staff they are looking at moving to Houston in 2nd qtr. will allow our management to find someone to buy campus and get rid of most of old staff baggage

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Post ID: @OP+1emsQC8g

12 replies (most recent on top)

I heard they're outsourcing all the engineering to India

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Post ID: @kkvn+1emsQC8g

Do you really think this is going to happen??

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Post ID: @jghr+1emsQC8g

I used to work in Wyoming, as well. CHK's bankruptcy was not only the right move at the right time, it was imminent years before CHK was bragging about Wyoming in 2018-2019 ish... and strategized prior to the onset of the pandemic (filings).

Some good people worked hard on those wells, in both D&C. I'd pass out for a full day when I got home and usually get sick. Lack of sleep, too much caffeine, and chest pains. Especially since I had to continue to have conversations with my manager on days off, which I did not initiate. Haha.

Every industry has their own problems, many crossover with other industries. Oil & gas, especially upstream, is a unique field and especially challenging. From roughneck to company man, everyone who has drilled in that core Douglas area of the PRB knows it's tough ground. I loved it. Don't get me wrong, CHK got in their own way, too. Most operators do in their own special ways (ask anyone who works for any other operator).

I understand the catharsis here; complaining and joking about work anonymously. I think it's fine and even funny sometimes. At the end of the day, be grateful you have the work.

Merry Christmas

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Post ID: @4jcy+1emsQC8g

Myopic? Let me get my thesaurus. I'm pretty sure the bankruptcy path was decided previous to the pandemic.

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Post ID: @4mfo+1emsQC8g

Myopic logic. There are other rigs in Wyoming besides us. Its obvious that plenty of other operators find value in Powder activity, although we do seem to spend more days and money on wells than others. Bankruptcy had more to do with the burden of legacy debt and the added shock of the pandemic, not just drilling in Wyoming. As if we were already drowning and Covid threw buckets of water on us.

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Post ID: @3kka+1emsQC8g

I don't work here anymore but I LOL'ed at the Wyoming wells remark. This is why I check the layoff every now & again. Entertainment. Good to see management decisions are still laughably bad at ole' Chesapeck.

Why are you still flushing $$$ down the PRB toilet? The last time I was there, it was touted as CHK's most promising asset (sp-t-shining to sell) on wall street. A year later, no rigs and bankruptcy.

AND NOW, RIGS AGAIN? DID YOU NOT LEARN??? Good ole TB and FP.

Good luck all. Oh and OKC>Houston.

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Post ID: @3obl+1emsQC8g

Lakewood Church is a nondenominational charismatic Christian megachurch located in Houston, Texas. It is the largest congregation in the United States, averaging about 52,000 attendees per week. The 16,800-seat Lakewood Church Central Campus is home to four English-language services and two Spanish-language services per week.

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Post ID: @3jmo+1emsQC8g

Are you all really this stupid? Move to Houston?!?!? Lol! Why? And don’t you think if they could get $100 million for campus they would have already taken it?

Sometimes the ignorance on the board is so outrageous it’s beyond laughable.

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Post ID: @3cjw+1emsQC8g

If we made this move, we could sell off the campus and make a quick $100MM; that should open up enough capital for the Drilling team to sc--w the pooch on a couple more Wyoming wells.

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Post ID: @3ghz+1emsQC8g

Are there any houses big enough for my ego to fit in?

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Post ID: @2tcz+1emsQC8g

The Bible belt core of the company would not want to relocate and lose their Church activities ....

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Post ID: @2jnt+1emsQC8g

Wondering what type of move package the VPs get and bet some are already house hunting.

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Post ID: @2sps+1emsQC8g

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