Thread regarding ConocoPhillips layoffs

Why can't the company keep geologists on the Permian team?

I count at least 6 geologists who have left the Permian team in the last 2 years for other opportunities. (And that's not counting the many good Permian geologists they've laid off!) Now there is an external posting for a Permian Geologist. They better take a look in the mirror and fix what is wrong before bringing new people into the mess.

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Post ID: @ZCZ6SKk

12 replies (most recent on top)

Toxic environment? HR’s process of sorting employee lists by experience and pay, and cutting those highest on the list?

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Post ID: @ZCZ6SKk-1awxb

Apparently you care about it since you dig up this from two months ago for some reason.

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Post ID: @ZCZ6SKk-1abkd

Who really cares about Permian? We’re better off with out international properties in China and Malaysia and Alaska as far as the US.

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Post ID: @ZCZ6SKk-1aklw

Sadly it is because company doesn't want to keep experienced people. Lay off all the experienced people because they are supposedly too expensive. And then watch all the remaining skilled people become disaffected and walk away. Hire monkeys if you really wanna save money. Would be next logical step in company strategy.

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Post ID: @ZCZ6SKk-eims

Shut up, everyone knows geologists don't matter.

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Post ID: @ZCZ6SKk-attn

Pig. That stands for "Permian Is Great", right?

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Post ID: @ZCZ6SKk-3spu

The real issue is that it stinks working acreage where other companies are pouring money in all around us while we only devote minimal budget. That isn't to say our strategy is wrong; the Eagle Fart really does have better economics. But it isn't fun working a world-class unconventional play on a limited budget. We really shouldn't be adding people to the Permian team until the plan changes and more budget is devoted to the basin.

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Post ID: @ZCZ6SKk-3xrd

The new supervision is actually quite good. You can put lipstick on a pig, but

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Post ID: @ZCZ6SKk-3zxo

Part of the ongoing disfunction within the company. We never really get better, we just limp along until something happens that drives up oil price - the we look good for a quarter or two.

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Post ID: @ZCZ6SKk-3com

Not sure if it is the asset manager, but there is a disconnect between local management and the CEO. The same day that the Permian Reservoir Characterization team was told that the strategy was to review more possible acquisitions, the CEO announced that there was no desire to make deals in the Permian.

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Post ID: @ZCZ6SKk-bbu

There must be a common denominator. Since the Permian geologists are scattered under four different supervisors, my guess is the common denominator is the Permian Asset Manager...

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Post ID: @ZCZ6SKk-teg

Hire and fire, hire and watch people leave. It’s what we do.

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Post ID: @ZCZ6SKk-pkp

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