Topics regarding layoffs at Apache Corp.

Topics regarding layoffs at Apache Corp.

Suriname Saves Apache??

How’s your French Christmann? Thank you to Total for saving 2019 Christmas. I’m surprised it hasn’t hit the market news-wise though...

SA lied about Alpine. Let ‘me ALL go.

SA Apache: lied about Alpine being an oil play. As former Enron, of course they did. And then they stole from other offices like Midland and Tulsa once they infiltrated. Treated underlings c-appy and fired those who said anything. Tanked everyone’s... — read more 

Post Oak

Post Oak is shrinking, but the trees kept voting for the axe. For the axe was clever and convinced the trees that because his handle was wood he was one of them.

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| 2300 views | | 6 replies (last December 21, 2019)
Post ID: @OP+12zfROG4

Severance if you reject a Houston spot?

Anyone have any idea what kind of severance will be given to people who do get an offer in Houston, but don’t want to be trapped in the same building as our CEO in a giant, ugly parking lot of a city?

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| 2810 views | | 3 replies (last December 16, 2019)
Post ID: @OP+12trcbFu

North Sea

Did we all just get the sack?

So quiet....

Wow... so quiet considering the news that came out today! Figures everybody would be celebrating the closure of the SA office.

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| 3440 views | | 9 replies (last December 11, 2019)
Post ID: @OP+12rZ9S4u

Financial status

There is no way to spin the numbers to make APA look good. Continuing to pay dividends despite losses, amassing debt, willingly decimating our own revenue each quarter via asset sales, and now making the noble decision to be explorers despite having... — read more 

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| 1890 views | | 1 reply (December 6, 2019)
Post ID: @OP+12ntqXKr

Just got my first pay cut ever wow

I didn’t expect this to be honest i got my first pay cut as a pumper 3 from 79k to 70k a year and they cutting the pension plan what a bs looking to go somewhere else asap

Vacation Carryover

Did anyone else hear or read on the FAQ's: severed employees who have carryover vacation will not be paid for it? That sounds weird? Right? If you were vested to get the benefit, why could a severed employee not get the benefit? Anyone gotten... — read more 

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| 2370 views | | 8 replies (last February 27, 2020)
Post ID: @OP+12lncRDI

Anticipated Drop

Don't have finance knowledge, is it possible the news about the Suriname update might have been anticipated to cause a drop so better news will help drive the stock up? Or the plunge would make the benefit payouts better on the equity?

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| 1444 views | | 2 replies (last December 4, 2019)
Post ID: @OP+12l0aZPX

enough is enough

So tired of our management bungling everything. Does anyone know anything actually concrete about Maka?? If they are testing it means they found something right? Maybe it is gas so therefore uneconomic.... I should not have put so much into... — read more 

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| 1700 views | | no replies yet
Post ID: @OP+12k8QEFF

Cyber Monday Sale

Apache Stock has a great cyber Monday sale going on. Purchase now and a really good chance it will drop in price!

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| 713 views | | no replies yet
Post ID: @OP+12kLJfc6

Surinam Well Bad News for Apache

Apache stock closes at $19.54, down $2.74 (12.3%) close to a 19 year low. It is the largest single day drop (in percent) since November 2008. This is based on evaluation of an exploratory well in block 58, offshore Surinam. Initial depth of 6200... — read more 

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| 2040 views | | 3 replies (last December 4, 2019)
Post ID: @OP+12jGN8wF

Maka Central - 1 Well Offshore Suriname

Apache Corporation Issues Operational Update on the Maka Central - 1 Well Offshore Suriname https://finance.yahoo.com/news/apache-corporation-issues-operational-maka-120010406.html

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| 1110 views | | no replies yet
Post ID: @OP+12jdvd0O

The start of the layoffs?

I believe yesterday was the final day to accept a retirement package if offered one. Unfortunately, this might signal the start of layoffs. Interesting point @11YHmyU0-gcsz . Could this really be an indication that the layoffs could start soon? — read more 

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| 2390 views | | 4 replies (last December 2, 2019)
Post ID: @OP+12fpEqRe

Suriname Well Results

Our managers are making a huge gamble on this Suriname well..... It better pay off. Anyone hear anything about the well? It should have TDed already.

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| 2310 views | | 5 replies (last December 1, 2019)
Post ID: @OP+12dVePsx

Can’t believe it

So I got a call this morning from My Forman wanting to talk just now!!! So went to his office and he was like we have to talk about your paid they fkinf cutting my paid like wtf it’s not a lot but still it’s bs putting my 2 weeks really soon f this... — read more 

Early Retirement Packages

Early retirement packages were offered today. Standard (up to) one year pay, 80% bonus and stock plan vested depending on age and years of service. Employees have until the 26th to make a decision.

Pay Cuts?

On top of layoffs, are they going to ask employees to take pay cuts?

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| 3590 views | | 5 replies (last November 11, 2019)
Post ID: @OP+11S3Cg4J

Midland and San Antonio Gone!

From visual materials distributed and broadcast during CEO announcements the only clear thing is that Houston is the center of the Apache universe and will remain so. Midland non-execution operations are gone. San Antonio non-execution operations... — read more 

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| 3510 views | | 2 replies (last November 5, 2019)
Post ID: @OP+11S4WH4U

Business Model Change: Acquire & Exploit

The company should return to its acquire and exploit model, which was proven and successful. But it lacks the executive team to do that and now the worker bees are going to suffer.

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| 1335 views | | 1 reply (November 4, 2019)
Post ID: @OP+11RKw9B5

Apache Announces 10-15% Layoffs

The earlier poster is correct. Apache has announced a 10-15% headcount reduction across the entire company. Spending is being reduced by $250 million to $500 million. The future of the company may depend on the exploitation results in offshore... — read more 

Apache Earnings

Reported loss of 29 cents/share, revenue down 25.5% from a year ago. Strategic reorganization has begun to address these issues. Hope you all make it to the Christmas party before you get thrown out to the street.

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| 1630 views | | 2 replies (last October 31, 2019)
Post ID: @OP+11NwjgZL

10 to 15% Layoff coming soon

AWESOME!!!!!!! Alpine High was clearly a huge mistake. Let's see who makes it though this one. I'm sure SA office will close 1st. Don't put all your eggs in one basket.

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| 3450 views | | 6 replies (last November 4, 2019)
Post ID: @OP+11MoNmu3

San Antonio Office Will Close

The earnings call on Thursday the 30th is sure to be one of the worst in Apache's history. In a regional damage control meeting last week, a mention of, maybe I can tell you more after the earnings call. Yahoo Finance released an article (google... — read more 

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| 2806 views | | 1 reply (November 4, 2019)
Post ID: @OP+11Lu8tiK

Is Something Happening To Apache as a whole?

There was a long comment on here yesterday about some things going on with houston and permian. it was deleted quickly. What does that mean? The are plenty of bogus topics that stay on here forever. I'm concerned because Apache is really rough... — read more 

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| 2540 views | | 4 replies (last November 5, 2019)
Post ID: @OP+11IFv11f

Re-org imminent

We've all heard the whispers about what could be on the horizon for San Antonio. What happened yesterday was likely the death knell for that office. Like Tulsa a few years before, some of the employees will be offered transfers to other offices while... — read more 

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| 5640 views | | 2 replies (last October 28, 2019)
Post ID: @OP+11GsW9yd

Layoffs in midland today and Permian next week

We having layoffs at midland office and also next week at Permian basin there having some programs going on away and pay cuts no bonuses and no more stocks so get tuned I hope there’s a buyout very soon this company is not the same anymore... — read more 

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| 7030 views | | 9 replies (last September 11, 2019)
Post ID: @OP+10lgvFCZ

Apache to change name!?

Apache will soon announce its name change to “Hibachi Corporation”; please stay tuned.

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| 1733 views | | 1 reply (July 31, 2019)
Post ID: @OP+10i8gop3

People leaving

Does anyone else realize how big of a problem this is? It happens nearly every week here in Houston (other regions too?), and the company seems more focused on supporting the Astros or changing its vision statement than addressing the underlying... — read more 

Midland Office

It appears that Apache is looking to fill a “high” number of technical positions in the Midland office. Anybody here work in that office? Is this just growing pains after the Yates acquisition?

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| 2090 views | | 1 reply (July 20, 2018)
Post ID: @OP+Uf8U9Mk

The Anals

Of History will be....

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| 1755 views | | 1 reply (June 29, 2018)
Post ID: @OP+SJyFwT5

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