Is this nonsense?
About damn time
This merger of equals is exactly what Devon needs. It is time for something new, something refreshing, and perhaps a new perspective.
Devon looks to be starting cost savings with Coterra bonus’
Devon may feel better knowing that Coterra employees got railroaded on bonus pay. Blood is In the water, and expect our efforts in the toilet. Moral is gone, can’t imagine any efforts or above expectations. Let the quiet quitting begin. OKC may keep... — read more
The shoe is on the other foot now
The Grayson mill energy Houston office that was shut down, all those people that were let go are probably laughing now that the shared services cuts are going to hit OKC. If you aren’t where the center of power is, you are expendable and it’s only a... — read more
Is Anadarko and OK oil and gas losing it position as a top oil and gas basin
OKC based oil companies companies are exiting the city and state for Houston Texas. Ovintiv has divested Anadarko holdings. 10 years ago the investment world couldn’t get enough of the SCOOP and STACK. Now the investment community is far less... — read more
Happy Commitment Runs Deep Day!!!
Wow!!! It has been 10 years since commitment runs deep day. Oh how the time flies. I would like to wish all the Coterra people a happy welcome to a wonderful company. Many you enjoy your time at the new and improved Devon and may the odds be ever... — read more
OK what is the Coterra office culture like?
Since we all headed there...
Vote No!
Share holders should vote no for this poorly negotiated deal and clays lack of leadership getting exposed before, during, and after this was announced.
Floor 47
What are we going to do with floor 47?
Expand leaving OKC
Dvn/Expand coordinated exodus? Anyone else?
Class Action for change of control severance
One interesting use case for AI is to analyze all merger of equal transactions, notably WPX and Coterra with Devon. ChatGPT seems to think there is a possible claim to be made that Devon employees should be entitled to change of control severance... — read more
There will be...
...more heads rolling in OKC than Houston, even after 6 layoffs Devon is still way over staffed by a bunch of su-k ups doing 20% of the work and drowning the small majority doing the other 80% of the work. If this offends you, you must have gotten... — read more
Why no VP Director or Manager jobs get posted
Why does dvn never post manager+ jobs?
Continental Resources planing Houston move to support Argentina and Turkey
Continental is looking to develop international assets as domestic operations are economically challenging due to commodity prices and increasing OPEX. Anybody hear the Continental will open an office in Houston to support international operations?
Media's making predictions
Devon, Coterra Merger Confirms Layoffs https://www.upstreamonline.com/people/layoffs-on-horizon-after-58-billion-us-shale-merger/2-1-1938275 Devon Energy and Coterra Energy are merging in a $58 billion deal. Layoffs will occur at the newly... — read more
What is Devon’s work culture like?
Before Coterra there was Cabot and Cimarex. Cabot had a very different work culture from Cimarex similar to other Houston companies. It was laid back and less formal.
Hoping for real change!!
I’m very satisfied with the outcome, especially seeing some leadership changes within DVN. Unfortunately, certain individuals were placed in leadership roles they were not prepared for. In Lea County specifically, the superintendent J.C has... — read more
Very impressive!
Not sure how you are able to give up more exec seats and move the company headquarters to the smaller company but DVN was able to do it!
LTIP?
Does Devon give stock to everyone. Anyone?
What would a Devon and Coterra marriage look like?
Devon needs additional reserves and production that it would never achieve through the drill bit. In fact, it advertised 20-30 year drilling runway is closer to 6 years. Hence the hook up with Coterra. How will this merger play out? Layoff and... — read more
Welp
New CEO= no wfh,subpar bonus, less than inflation salary increase, AI psychosis and the most toxic work environment in the metro. Is Continental hiring?
Accounting ERP
What system do you use? Asking for a friend. SAP?
Another merger of equals coming?
If you work for Coterra, RUN, take that package, the merger of equals moniker is anything but. You’ll just sit there for a few months until the Devon trogs find a way to save their own necks and axe you instead.
If anyone from the mgmt is reading this, here it goes:
take a closer look at the culture within the office.... The environment described feels isolating and unwelcoming and that discourages collaboration comms and long term emp retention... If employees are too overworked to engage with one another the... — read more
Shout out to DVN on Jim Cramer
Lightning round! “Devon has been such a poor performer…It’s really been a nightmare frankly.” You reap what you sow.
Houston Office Layoffs
Devon is slowly axing departments in the small Houston Office after the GME Acquisition. Which department will be next? Or will the entire office be closed?
Business Optimization Plan
Read: time to dust off those resumes because you about to be in the work line.
A tale of two cities
RM takes over and gives everyone a $10k bonus. CG steps into the role and takes away wfh. The only incentive to not apply elsewhere is gone now
For sale!
Actively accepting offers! Deeply discounted all assets priced to move!
When are layoffs happening?
It's becoming more and more obvious that Devon will shrink... When do we expect layoffs to start?
Rick Leaving Should Fix Everything
Start wearing shades.
Technical malfeasance
Ego-driven design: Elevating our "cool idea" over the needs of actual customers, often with the platitude "the customers will love it." No, they won't. And furthermore, the cool idea isn’t actually cool, nor does it work.
Exit interviews
Does any real action come from these, or are they simply some “we listen to you” check-the-box activity to help hr and leaders feel better about themselves?
The annual truffle shuffle
The land group doing the old truffle shuffle of leadership just in time to sc--w the individual contributors of the meaningful performance review or promotion they worked for all year. Well done.
MERGE???
I hear today at one of our meetings in OKC that we looking into buy Permian resources out of midland tx. Any thoughts? Are they even worth to buy or merge?
Ohhhhh look out!
Mr. Podcast is back on tour again! Probably to tout the innovative GME acquisition. But what happens when they all see what a complete nightmare it is to be part of the dvn organization and instead take their packages.
The market does NOT like this name.
Maybe the next merger of equals should prompt a name change. 9/10 analysts agree!
Here’s looking at you, kid
Watching a company slowly but steadily implode. Here's why: Many of the key leaders under the execs are a toxic cancer cell with delusions of grandeur and a history of abusing people, but coddled because ?? Mission creep. In too many things. ... — read more
Poor management decisions in the Permian!
New changes are having so many experience people leaving this company that it will hurt. Just because the wrong people are in power, The expectation of making a better company to work for ends down the toilet!! All this diversity bs and buddy system... — read more