I agree with that. In more ways than I can talk about.

Yep, another round coming up in March per my sources there. CVX having another round as well.

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Talking with coworkers about layoffs at E&Ps. So far I've heard about:

• Devon
• SWN
• BHP Billiton
• Chevron (employees must "reapply" or something, not exactly a layoff but a RIF)

Other than that I believe just about every service company has had significant layoffs in the field and sales offices.

Any others confirmed out there?

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Add:
Shell/BG
BP

Maybe easier to list who isnt performing layoffs:

ExxonMobil
Total

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True. Statoil, Shell, BP.

Wonder about some of the smaller guys? Anadarko, Apache, Concho, Parsley, Diamonback, EOG, Pioneer, Oxy, Hess, Noble...

Contract employees do not count towards layoffs, correct? I know some people from some of the companies listed above that were let go, but they were on as contract employees.

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Contract employees do not count towards layoffs, correct? I know some people from some of the companies listed above that were let go, but they were on as contract employees.

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I believe you are correct. When a company says we are laying off 30%, that does not include contractors. It does include open positions within the company, I think.

Layoffs only count actual w-2 employees
RIFs include canceling open reqs for new w-2 employees
Contractors are never counted
Reductions in hours are never counted

To comment about the layoffs for smaller guys: I know Hess hasnt had layoffs yet, but who knows at these prices. Same with Anadarko, EOG and the others. Noble Energy laid off a good amount of people late last year.

Noble cut 200 late last year, 240 in spring and more are planned.

I bet Hess isnt far behind.

PXD hasn't had any layoffs to date.

EOG and Apache have both let people go - Apache on a wider scale after new CEO last year. I suspect before it is all over, very few will be unscathed. Too many ops engineers at EOG, Concho, Anadarko, PXD, etc etc etc if prices stay down. Companies can bet on oil prices coming up and plow ahead but only for so long.

http://www.worldenergynews.com/news/statoil-economist-market-recovery-during-2016-639159

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Noble drilling is stacking the rig I used to work on, the Danny Adkins. Sister rig, the Jim day is already stacked I believe. I almost went back there a year ago, glad I didn't.

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You drill the Kodiak well?

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http://www.worldenergynews.com/news/statoil-economist-market-recovery-during-2016-639159

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Wouldn't that be awesome.

This is tough for me to read. If I don't find work in 3-4 months, I'll be in danger of losing my house and everything. Have a baby due in mid-March. Ugh...

PM me.

Apologies if you have posted this before, but:

1. What is your educational and professional background?

2. Where are you located?

3. Does your family have the ability to relocate, if necessary?

On a side note, take solace knowing that you are a member of one of the strongest networking "families" on Earth--we take care of our own. There are people who post (and, lurk) on this board who are willing and capable of providing help.

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We just got an email from our Glorious Leader at SWN. 40% layoffs today. Going to be a really ****ty day regardless of what happens.

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That glorious leader is an Aggie.

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Is that supposed to change anything?

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No but I trust the integrity and decision making capability of an Aggie engineer over most other non-Aggies. Well and I know him.

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I know him as well - worked with him quite closely for a bit actually - and while I'd never question his integrity, if you've dealt with him for more than a few minutes, you'll likely question his sincerity.

I know a decision like a 40% layoff is something that would have been under discussion for quite a while, but it's a hell of a "first mark" for someone that's been in the CEO chair for less than 2 weeks.

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This is tough for me to read. If I don't find work in 3-4 months, I'll be in danger of losing my house and everything. Have a baby due in mid-March. Ugh...

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Keep your head up. While it may seem like the world is coming to an end, there's a lot more to life than just a house.

Bringing a new life into this world can be a hell of a reason to celebrate life. He/she won't care how fancy your walls are, they'll just want your love and attention.

1. What is your educational and professional background? I graduated in 2005 with an agribusiness degree with an emphasis in finance. I've worked in residential, multi-family, commercial, and O&G midstream construction. I also did a stint as a PM/Estimator for a pipeline services company.

2. Where are you located? I live in Katy, my last job had me commuting to The Woodlands.

3. Does your family have the ability to relocate, if necessary? Probably not. Baby due in March. I'd definitely consider it for a good opportunity.

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Ill be in danger of losing my house and everything

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3. Does your family have the ability to relocate, if necessary? Probably not. Baby due in March. I'd definitely consider it for a good opportunity.

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Does not compute.

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I know a decision like a 40% layoff is something that would have been under discussion for quite a while, but it's a hell of a "first mark" for someone that's been in the CEO chair for less than 2 weeks.

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Thinking the old CEO said no way am I doing that and took his retirement.

I still don't understand how this will factor in, at some point you don't think the Saudi Prince is going to do something to protect his interests? If not him, Putin?

http://www.rigzone.com/news/article.asp?hpf=1&a_id=142606&utm_source=DailyNewsletter&utm_medium=email&utm_term=2016-01-21&utm_content=&utm_campaign=feature_1

I just don't see these guys sitting idle much longer.

I was trying to say that I don't think I can up and move my family right now. I could work out of town or relocate then bring them. But we have already pre-paid doctors and hospitals for the baby.

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I was trying to say that I don't think I can up and move my family right now. I could work out of town or relocate then bring them. But we have already pre-paid doctors and hospitals for the baby.

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That makes a lot more sense.

I think the Saudis are happy to let Venezuela, Nigeria, Angola, etc. fail, disrupting supply from those countries and raising prices. Or maybe US shale production will drop enough to increase prices.

Either way, they are playing a long term game and I don't think they care what oil prices do in 2016 or 2017 as long as they don't lose market share.

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Knew things were rough at SWN but a 40% cut makes me think it's more dire than I imagined. T&P for anyone affected by that.

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Sounds a precursor to a bankruptcy. Hopefully Chapter 11.

I was told today that SWN filed back in December. Is that information incorrect?

http://www.kccllc.net/swiftenergy

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I was told today that SWN filed back in December. Is that information incorrect?

http://www.kccllc.net/swiftenergy

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SWN is Southwestern Energy, you're thinking of Swift Energy, a different company.

Thanks.

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I was told today that SWN filed back in December. Is that information incorrect?

http://www.kccllc.net/swiftenergy

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FYI, Swift's ticker was SFY.
They filed on 12/31/15.

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I think the Saudis are happy to let Venezuela, Nigeria, Angola, etc. fail, disrupting supply from those countries and raising prices. Or maybe US shale production will drop enough to increase prices.

Either way, they are playing a long term game and I don't think they care what oil prices do in 2016 or 2017 as long as they don't lose market share.

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We're playing a "who can hold their hand over the fire the longest" game and they at least have a leather glove on. It hurts, them no doubt, but their resolve is strengthened by know it hurts the others worse.