I work in Reserves for MCBU. We have a great RAC Chair who has really helped us with our bookings and is a big reason why we helped the Corporate have its best reserve replacement ration in years, with more to come. Unfortunately, since our RAC Chair is Canadian, her clueless Manager decided to force her repatriation to Calgary to save a few thousand bucks in expat premium, but putting at risk future P1 bookings from the Permian. Where is the adult in the room who could stop bad business decisions like this? Has it all been delegated to HR?
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It’s not GG. The correct initials are JG (short for Joe Geagea). Pronounced like the Hungarian-American actress and socialite, Zsa Zsa Gabor.
Who's "the worm"?
who's JS? who's GG?
Nothing will happen here. The "worm" is well known to JS and GG. They are happy to tolerate him, because he is housebroken. He also focuses in their direction. I guess it must s#ck to work for him.
Big boss: “What are our reserves?”
Reservoir engineer: “What do you want them to be?”
High time for CEO Wirth to roll this “worm” under his own bus. Clueless or any top manager that make decisions in a vacuum need to be fired on the spot.
Many of us know this “worm”, he’d throw his grandma under a bus if he thought it could get him a GM Exploration job. No surprises here, folks.
This has me curious, assuming we hit peak oil demand in say 15 years from now, do reserves really matter?
(Ok maybe not today, say in 5 years from now?)
Reserves make the company look good, but we make money off production, not reserve estimates. Im sure there are several great reservoir engineers that can do reserve estimates for the permian. It really is just as much art as science with the uncertainty. I would personally be more worried about the long term production, than paying extra money to prove reserves in order to get a pop in the stock.
Sounds like her Manager is a spineless worm. When there's a business need, you have to stand up to HR and say "no". But these days, some find it easier just to go along and not be labeled "difficult"