Denbury did indeed let 20% go today - about 240 people in both office and field.

Anybody has more info here? Please post if you've heard something...

Geologist 38 years - I was laid off in 1992 from the finest independent oil company in Dallas. Two more busts - in 2008 and now. Company geologist and engineers frequently bitch all day about their current employer - but they probably couldn't make... — read more 

I have been assuming a 20% cut, but our peers and most other companies in the industry are cutting much deeper (40% and more). What do you think they will do?

Complain all you want but this place is better than anywhere my friends are today. They care. You can second guess all you want but at the end of the day I see them doing the best they can with what they have. Phil answers my questions at the coffees... — read more 

https://www.youtube.com/watch?v=ZXsQAXx_ao0 Sincerely, Your Employees

Dear friends, We are definitely in some interesting times. Stress is high with the possible impending layoffs. Anyone who knows my background knows I have lived through some very interesting times. In 1979 I had the experience of swimming away from a... — read more 

The industry is imploding and maybe they are having to make these decisions. I'd rather be the one working hard if they're making a list than freaking out over the possibility. Maybe it will prevent me from being ON the list. Last time I thought they... — read more 

The Anadarko management team actually cares enough to email their employees with information on how they plan to survive the downturn. This is what was sent to employees via email today: "...it is now necessary to consider the appropriate workforce... — read more 

Anyone think the RIF is coming tomorrow? Wouldn't a layoff on the first day of the month make sense for simplifying payroll and health insurance benefits? Just speculating, obviously.

What would be your advice for someone going through this? Is anyone hiring in Dallas? Houston and Oklahoma City is in same mess as us.

After many years in oil and gas I was laid off in June 2015. I have looked for another job in the Dallas area to no avail. Unemployment benefits only lasted for six months. $12000 max. I have been working on Plan B. I do believe the older workers... — read more 

So sad to see such great, committed, hard working people let go when they need to CLEAN HOUSE on a bunch of their management and several executives! I think it is terrible the way they are handling this layoff. Employees are making themselves sick... — read more 

So the coffee's with Phil were canceled for today and nearly all of the conference rooms are booked for most of the day. So is today the day they do the big layoff? There is also word the RM and DD are merging any word on that?

Why didn't they coordinate all of the layoffs on the same day like they did last summer? Starting in one department has made everyone paranoid! It's not like this isn't already hard enough on everyone. Now our days look like this: toss and turn in... — read more 

Do you have any info? What's the word on the street

Thank you. Good luck to everyone in '16.

With the stock as low as it is, do you think Denbury will be bought out? Who do you think would be interested?

Denbury laid off Co2 operators today.Denbury is a mess. Should have cut managers instead. Just the start in my opinion.Once hedging ends this is a penny stock co.

Today, 10% of the Plano employees were let go. This was across all disciplines (engineering, geology, accounting, etc). No word on field employees at this time.

Does anyone know what kind of reduction in staff would be needed to sustain the company with oil at $50 - $55 after Denbury's hedging ends? 10%? 30%? Any guesses?

Do you think that the dropping prices of oil might cause a large round of layoffs at Denbury? I know that BP, Shell, Exxon and other large players already had layoffs in 2015 and will continue to cut payroll. But what about us?

Do you know if we'll be cutting resources in the corporate office in Plano? I heard rumors and the overall situation with the oil prices is just making me anxious.