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.
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?
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.
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
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
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?
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
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!
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
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
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
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.
Alpine High Layoffs
What do we know?
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
What's happening in Suriname?
Any news?
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?
Legacy Apache employees that built this company deserve better from the CEO!!!!!!!!
Once again a nonsensical non- decision making town hall. The fact that the holidays are coming and there is no information regarding office closures or even retirement packages shows who the top management cares about, and it's not the employees!!!!... — read more
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
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.
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.
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.
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
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
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
Is Apache coming to an end? Sell Alpine?
Any insight in this? All the midstream VPs brought in are now gone. What did they know??? Selling Altus????
Apache Corp Rumors
So many rumors here, so little facts. Facts, people!
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
Apache to change name!?
Apache will soon announce its name change to “Hibachi Corporation”; please stay tuned.
Apache corporation rumors of buyout 2019
Anyone has more info here on Apache corporation rumors of buyout 2019
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?
The Anals
Of History will be....