Thread regarding ConocoPhillips layoffs

As an independent contractor in the Eagle Ford, I saved COP $682,000 on one single pipeline ROW project by arguing with Engineering about the route, showing them that by acquiescing to slightly higher $/foot payment to landowners in a couple of instances, we could obviate 21 bends and nine bores and reduce total footage by over 2,000 feet.

They acquiesced when I convinced them the landowners would abide by confidentiality on the matter.

About two months later, several other agents and I were directed to go along several routes and pay multiple landowners $2/foot additional for previously bought ROW, "for good will !" Previously bought ROW, the pipe already in the ground and no complaints... this magnanimosity, TOTALLY unnecessary, cost COP well over a million dollars for one stupid ill-conceived "good will" gesture alone.

I was laid off in February, despite having saved COP more on the above-referenced project that I had been paid by COP in the 4-1/2 years I worked for the company.

Middle COP management must have pictures of certain people out behind the barn with a goat, because intelligence ain't their forte.

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No money now, but when they had it . . . It was spent like water!!!! idiotic management!!!

The company is and always has been cash flow negative since the split. Estimated $8-10 billion cash flow negative for 2015 (per analysts). No money.

ConocoPhillips starts up deep oil sands project in Canada

Posted on September 1, 2015 . . . .

http://fuelfix.com/beaumont/2015/09/01/conocophillips-starts-up-deep-oil-sands-project-in-canada/ . . . ConocoPhillips starts up deep oil sands project in Canada

Posted on September 1, 2015 | By Collin Eaton . . . .

HOUSTON – ConocoPhillips says it’s bringing up its first barrels of oil in a large Canadian oil sands project that has been under construction for five years. . . . .

The Houston oil producer said Tuesday its project in northwestern Alberta’s boreal forest will extract heavy oil that’s buried too deep to mine using steam to heat up the thick crude to allow it to flow. The company says it’s the largest so-called steam-assisted gravity drainage system in the world.

It’s ConocoPhillips’ second and much larger phase of a 50/50 joint venture in the Canadian oil sands with France’s Total. …. They began operating a first facility in 2007 that produces about 27,000 barrels of oil a day. . . . .

Together, the pair of projects are expected to bring up 150,000 barrels a day, with the second facility building up production to 118,000 barrels a day through 2017.

The company first began injecting steam into these second-phase wells earlier this year.

“We’re pleased to see a project of this magnitude move from the capital phase to the production phase, knowing that it will produce for decades to come,” ConocoPhillips Chairman and CEO Ryan Lance said in a written statement.