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Houston..we have a problem....

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txaggie_08
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In reply to GarlandAg2012 • 7:52p, 10/21/20
AG
What I've heard is a year salary, year of insurance plus additional 6 months of Cobra, and 2x annual bonus.
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Cyp0111
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In reply to txaggie_08 • 8:10p, 10/21/20
That is a good deal.
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Diggity
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In reply to txaggie_08 • 10:09p, 10/21/20
AG
txaggie_08 said:
Sounds like Parsley has already announced what their severance package will be. Going to lay-off majority of workforce prior to closing.


Sucks to hear. Gotta think that Sage & Rosemary are only a matter of Tyme.
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TriumphForks
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In reply to txaggie_08 • 11:14p, 10/21/20
AG
txaggie_08 said:
What I've heard is a year salary, year of insurance plus additional 6 months of Cobra, and 2x annual bonus.
As someone who is probably about to get the axe as a result of a different o&g acquisition I would kill for that deal.
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txaggie_08
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In reply to TriumphForks • 5:21a, 10/22/20
AG
I hear ya. In the same boat.
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fta09
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10:08a, 10/22/20
AG
You can crap on PXD for a lot of things but they do seem to take good care of their people when they have to lay them off.
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Cyp0111
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In reply to fta09 • 10:15a, 10/22/20
Yep. Agree.
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ChemAg15
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1:12p, 10/22/20
AG
I would volunteer to take a deal like that
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La Bamba
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In reply to txaggie_08 • 1:55p, 10/22/20
AG
txaggie_08 said:
CrazyRichAggie said:
Feel like RDS needs to make a move too to keep pace with XOM, CVX and COP

I had heard rumors a year or so ago about them going after Endeavor. That would be an acquisition that would scare me. No telling what skeletons are hiding in that closet.

This was true back in early 2019. I don't see RDS investing in the Shale portfolio anytime soon.
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sts7049
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2:41p, 10/22/20
AG
can't see that happening anytime soon. we just finished gutting the Shales business.
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Dirt 05
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In reply to txaggie_08 • 2:51p, 10/22/20
AG
Quote:
"No telling what skeletons are hiding in that closet."
Sir we don't have the rights to that zone - Doesn't matter laid pipe!
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Alex Bregman
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11:03p, 10/22/20
AG
So...how bout that debate?
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mts6175
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11:03p, 10/22/20
AG
Can't wait to be phased out.....
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ttha_aggie_09
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11:05p, 10/22/20
AG
Just checking in to see how many other people will be phased out?
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CoachRTM
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11:46p, 10/22/20
AG
He's gotta walk that back tomorrow, right? I can't imagine a dumber move in late October than to say you're going to phase out one of the biggest industries in the country.
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txaggie_08
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11:51p, 10/22/20
AG
I expect Trump to win this election, but eventually Dems will get power back and I'm concerned of wha t they may do.
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DripAG08
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In reply to txaggie_08 • 8:20a, 10/23/20
AG
txaggie_08 said:
I expect Trump to win this election, but eventually Dems will get power back and I'm concerned of wha t they may do.


You heard the Big Guy, $40-$50 an hour working solar so fook it. Hell of a lot easier than twisting off a RSS halfway down the lateral...
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Comeby!
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In reply to DripAG08 • 9:13a, 10/23/20
AG
AustinAg008 said:
txaggie_08 said:
I expect Trump to win this election, but eventually Dems will get power back and I'm concerned of wha t they may do.


You heard the Big Guy, $40-$50 an hour working solar so fook it. Hell of a lot easier than twisting off a RSS halfway down the lateral...


That's not so bad, at least you aren't planting coil mid lateral after everything has been frac'ed.
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Dr. Doctor
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In reply to CoachRTM • 10:31a, 10/23/20
AG
CoachRTM said:
He's gotta walk that back tomorrow, right? I can't imagine a dumber move in late October than to say you're going to phase out one of the biggest industries in the country.
Remember back in 2008 and 2012. Remember, Obama was going to kill the oil industry. The regulations he was going to put in (and did put in) totally decimated the oil industry. Gas shot up to $6 a gallon and oil was $150+ a barrel. Millions of oil field people (blue and white collar) were roaming the streets with signs "will drill for $$". Lubbock and Levelland became ghost towns. Due to all the solar panels, you can't drive anywhere without sunglasses because all the reflected light. With the wind turbines, no one can dove hunt because all the birds are dead.

Obama taxes kill oil industry

Mitt Romney the only savior for oil

Obama killed the GOM in 2010, not BP

Thanks to trump, we have cheap gas, oil is cheap (that's a great thing, right?), coal usage is soaring to new heights, solar is dead, wind is dead and we can drill wherever!

Right?

Coal is totally beating NG

WV is building coal plants as fast as they can!

Coal is going to win against NG and wind!



Or do you just have blowhards looking for their 15 minutes of fame with totally logical statements:

Watch out for $6 gasoline

Or it could be that Democrats are better for oil than Republicans...



Sorry to be cold water on things, but this pisses me off. One, a president can't do s***. Two, it would take Congress to actually do things. Three, I seriously doubt XOM, RDS, et. al. are going to literally stop if Biden gets elected and walk away from multi-trillion dollar investments in the US.

~egon
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AgZoidberg
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In reply to Dr. Doctor • 10:55a, 10/23/20
AG
Egon,

Funny. It seems like the price of oil is more reflective of global consumption (growth, wars, pandemics, etc) than which president is in office. Now I'm sure someone will try to say a president has direct influence on say, the '08 housing market collapse, the '15 saudi market flooding, or the COVID pandemic.

Seems like most things in life are always way more complex than, which president is holding office.
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PeekingDuck
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11:08a, 10/23/20
AG
The President can certainly hold up production on BLM acreage. They can also play games with EPA and FWS to stop production. While this doesn't impact Texas significantly, it does impact other states and it impacts pipelines greatly.
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Comeby!
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11:54a, 10/23/20
AG
Our time is getting completely bogged down with environmental regulations and requirements that weren't there before Obama took office. Even I'm having to drop what I'm doing to deal with the regulatory bodies directly.
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JD Shellnut
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12:14p, 10/23/20
AG
I'm in midstream. I know if Biden gets in, the permits required to build new lines will be few and far between.
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dragmagpuff
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12:44p, 10/23/20
AG
I've joked the last couple of months:

Who can do more damage to the oil industry?
  • Joe Biden
  • Oil Executives

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topher06
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In reply to PeekingDuck • 1:02p, 10/23/20
PeekingDuck said:
The President can certainly hold up production on BLM acreage. They can also play games with EPA and FWS to stop production. While this doesn't impact Texas significantly, it does impact other states and it impacts pipelines greatly.
Absolutely. If you have federal lands, this is a significant risk. You guys are right that the president needs congress to "ban fracking" (although if Biden wins, the Senate probably also flips). However, the president can implement policies that make the BLM even slower than normal. NEPA analysis can be used to block literally any permit.
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topher06
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In reply to dragmagpuff • 1:02p, 10/23/20
dragmagpuff said:
I've joked the last couple of months:

Who can do more damage to the oil industry?
  • Joe Biden
  • Oil Executives

Permian oil executives have done massive damage to the industry.
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CaptnCarl
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In reply to topher06 • 1:07p, 10/23/20
AG
They're so dumb! If only they'd read this TexAgs forum before doing all that damage!!
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CaptnCarl
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1:21p, 10/23/20
AG
I'd argue the banks did all the damage by handing out so much money to people they shouldn't. I guess the banks have to justify their job somehow, too.
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topher06
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In reply to CaptnCarl • 1:24p, 10/23/20
CaptnCarl said:
I'd argue the banks did all the damage by handing out so much money to people they shouldn't. I guess the banks have to justify their job somehow, too.
Fine, plenty of blame to go around. Similar to the doctor/insurance/lawyer/hospital arguments.
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dragmagpuff
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In reply to CaptnCarl • 2:06p, 10/23/20
AG
CaptnCarl said:
They're so dumb! If only they'd read this TexAgs forum before doing all that damage!!
Oil Executives aren't dumb. They figured out how to pay themselves millions of dollars to incinerate capital.

They overpaid on pipe-dreams with other people's money, then convinced Wall Street that the pipe-dream was real.

Wall Street got burned so bad on shale, that capital availability will never be the same.

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Fredd
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In reply to DripAG08 • 2:17p, 10/23/20
AG
AustinAg008 said:
txaggie_08 said:
I expect Trump to win this election, but eventually Dems will get power back and I'm concerned of wha t they may do.


You heard the Big Guy, $40-$50 an hour working solar so fook it. Hell of a lot easier than twisting off a RSS halfway down the lateral...


So don't run RSS
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Ag CPA
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In reply to topher06 • 2:32p, 10/23/20
AG
topher06 said:
PeekingDuck said:
The President can certainly hold up production on BLM acreage. They can also play games with EPA and FWS to stop production. While this doesn't impact Texas significantly, it does impact other states and it impacts pipelines greatly.
Absolutely. If you have federal lands, this is a significant risk. You guys are right that the president needs congress to "ban fracking" (although if Biden wins, the Senate probably also flips). However, the president can implement policies that make the BLM even slower than normal. NEPA analysis can be used to block literally any permit.
And since my company produces entirely in the State and has no BLM exposure I hope he does it, less competition for us. Also hope he kills the Keystone XL and any other projects that that put pressure on domestic production. Sounds unpatriotic but screw 'Murica, time to look out for #1 and the best interests of Texas production is all I care about anymore.
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dragmagpuff
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2:43p, 10/23/20
AG


Mrs. Skilling is on a roll today
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Diggity
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In reply to dragmagpuff • 2:47p, 10/23/20
AG
Friday's are his best days
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topher06
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In reply to Ag CPA • 2:50p, 10/23/20
Ag CPA said:
topher06 said:
PeekingDuck said:
The President can certainly hold up production on BLM acreage. They can also play games with EPA and FWS to stop production. While this doesn't impact Texas significantly, it does impact other states and it impacts pipelines greatly.
Absolutely. If you have federal lands, this is a significant risk. You guys are right that the president needs congress to "ban fracking" (although if Biden wins, the Senate probably also flips). However, the president can implement policies that make the BLM even slower than normal. NEPA analysis can be used to block literally any permit.
And since my company produces entirely in the State and has no BLM exposure I hope he does it, less competition for us. Also hope he kills the Keystone XL and any other projects that that put pressure on domestic production. Sounds unpatriotic but screw 'Murica, time to look out for #1 and the best interests of Texas production is all I care about anymore.
Okay, then it looks like Biden would help you short term. Good luck!
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