Anyone know if we are pulling out?
18 replies (most recent on top)
Not sure what your point is. Yes, a chairman's award was given to the acquisition team. They did a phenomenal job.
Didn't the guys who made this business deal get Chairman's Award?
Do they still have all of those pick ups? Between the two offices there has to be ax100 trucks. I was there for some pipeline work that was being done through the Houston.
My first thought was we were next to a car lot???? But the best part is when I needed help on permit to work. Guess what? Safety had no transportation?
Of all the assbackwards BU's, Pittsburgh is the worst. Many of the technical positions are filled with employees that have no formal education. Some did not have a HS diploma, added onto zero experience in that field. How does Chevron allow that to happen. The office south of Pittsburgh was the best. And the safety department was the best out of that office. I forget all of the names. Good guys just dumb. They had the most modest work plan, 30-40 wells and 100 full time safety folks and 100 D&C folks just eatin and sleepin. And yes sign me up....no work and they are getting paid. They got the deal! It will come to an end but they got several yrs of pay for chillin.
To comment on the note below "Atlas wants Smithfield back", FALSE.
All the assets will be sold and the people will be laid off. Sorry folks. The people that are left are not doing anything anyways. There are so many of us sitting around doing nothing and collecting a big fat paycheck. Thanks Chevron. Just keep me on for a few more years. I don't mind getting paid for nothing, I know eventually I am going to lose my job. Just enjoying the ride for now.
We need some place to park the extra trucks we never use.
Why does AMBU still have a Smithfield office? They should sell it and move those people to the Moon office.
Everybody will be let go this and next year. Chevron will be transitioned to small investing company with minimum technical personnel and will be merged with XOM in 2 years. XOM will go through the same procedure but with a little bit different scale of reductions
The assets are being divested little by little. the assumption is there is not buyer to acquire all assets and people at once. I feel bad for the employees that will be let go eventually. There is just not any room in the rest of Chevron.
@HIz9aar-2xao and @HIz9aar-3meq so so true... if you have seen those PI initiatives and updates as well as their KPI scorecard, it looks like everything is going great. everything is on target. nothing is underperforming which we know can't be true..
Great post. And so true.
AMBU was trailing 42-0 late in the 4th quarter. Nigel got the ball at the one yard line and scored a touchdown to make the score 42-7.
The only thing Nigel did in AMBU was facilitate the workforce reduction with BCG which was long overdue. The workforce is still to big given the level of activity and comparison to Chevron's peers in the basin.
Nigel took credit for the Marshall County pipeline that Tad Schirmer and Jesse Morris walked. Nigel took credit for "production records" from wells planned before he arrived in AMBU.
Phrases like Best in Class, Celebrate Wins, and Efficiency Gains became common.
In the end success is not defined by performance but about the spin.
Chevron will not improve until they come to grips that they are not the best in safety, D&C, production operations, and facilities.
larry"s cow needs to be let go
That acerage has been on the block for a while. When we purchased Chief, Watson was vocal in saying that we won't see long term price pressure in NG. Market won't let it happen. Much of the Chief acerage is on the margins of getting any ROI. We sh-- the bed in Pittsburgh. I can only imagine what the long term oil patch guys think of us. We are always leading the worst. We measure it and we are last in the basin. We then clean it and spin it to "market conditions." Never truly fixing the root cause. The reorg was not successful. We planned 300 wells and with every ounce of effort could not get past 60. That's only fulfilling 20% of your initial plan. We had a JV with Reliance to pay 60% of D&C costs. And still could not spend it because we are incompetent. I was there for 5 months and came back as we are not doing any work. My biggest surprise is how in the dark the Pittsburgh BU is......no one really understands the current market. It is not the workers responsibility to set a true vision and execute. It is leaderships job. All of this being said the truly sad reality and what was mentioned already, is that we could be first in every KPI and still would not drill at $1 an M.
https://www.energynet.com/ncp_listing.pl
Nige got a promotion for his superb hyperbole while in Pittsburgh.
Yes, in fact as was posted that every8is on the table. Gas prices in that basin won't recover in a decade or longer. The industry became so efficient they dug their own Graves. But NGL's and natural gas supply is solid. Many wells fraced and not turned in. I was up there last year. Chevron is performing badly. They are to big and can't adapt to the safety and production changes. The time they give the go-ahead (on the change) it's already outdated. Last year when I was there Chevron had NOJV fever. But even the best producers can not make money on a buck gas. So they have idled the asset and will sale as deeply as they can. No buyers was the issue last summer. Pennsylvania has 15 rigs for the entire state????????
Look online. Everything is up for sale or sold.