If you don't like it, get out. If you don't like the new leadership, get out. If you don't like the measures being taken to survive, get out. If you're one of these people, you are a huge part of the reason Denbury is in this mess. So blame yourself... — read more 

“It can’t go to 0.” Paste this chart to your wall and look at it every time you have that thought. http://on.mktw.net/2wU7SMe

I read an artical years ago, I think it was written for the WSJ, as Gareth left. It read Denbury would not survive, and the only way Denbury would make it, is if Gareth came back to run Denbury . TPG was a major player in the Gareth era . So maybe... — read more 

I'm on the hunt and hoping to find something before things get any worse. It is really, really sad though. Denbury used to be a great place to work, far better than anywhere I was before. Now they are slowly chipping away at our income and benefits... — read more 

What's the likelihood that we'll be declaring bankruptcy in next 6 months? What are your thoughts?

There will be so few employees after the next layoff in 2018 that the remaining staff will have to work 7 days a week just to keep up, That is unless DRI can start selling off fields such as Conroe and most of the So. Houston fields, Thompson... — read more 

https://bornrealist.com/quit-your-job-now/

It's sad when shareholders rejoice at news of layoffs. So many overpaid managers who still receive bonuses in Denbury, but hey, that's not the issue, it's the regular employees who are the true leaches! Damn it, this makes me angry... — read more 

Would rather get $0.05 on the dollar than $0.

Keep hearing this around the office. Is there truth to it?

This was the worst run layoff ever. Nobody in HR knew what was going on and when I would finally get someone to give me an answer, it was wrong (2 times). I don't agree with who I was told had to be laid off. It wasn't the people I said. They weren't... — read more 

As part of the severance package, there should be several months of COBRA coverage available. But when that runs out, if you don't have a job with benefits (or a spouse with one), here are a couple of options that I'm aware of... — read more 

One geologist already has a job offer. There are jobs out there, so be sure to apply to as many as you can, and network. And don't forget that you can immediately apply for unemployment, even with a severance package.

guess someone said something a little to mean spirited in the thread. I didn't get to read. Can someone paraphrase for me what it all said?

Why lay off so many dedicated, lower paying positions and keep most of the over paid management? They still haven't figured it out. New leadership failed just like the previous. We could have saved twice as much with a smaller headcount.

When one door closes another opens. Keep the faith! and network....this could be a good thing as it was for us after the earlier one.

6 in land D/O area

The last 7 days and really the last 3 years since my divorce have been rough. I appreciate the severance package and am excited to get back to enjoying life. I wish everyone who got let go today and those who didn't the best of luck!

Enjoyed working with all of you.

Just saw a manager ask someone to come talk to them. Manager no longer works in DD but pulled a DD geo tech

How about tomorrow's meeting at 10:30 entitled "Post notification meeting" scheduled by the same person who scheduled the "Thursday's events" meeting? hey, at least we know what time to expect the torture to come to a close! Is this real? Should we... — read more 

Companies in oil and gas industry have been under-reporting layoffs by a staggering amount, it seems... Show of hands who is surprised by this? Yeah, I thought so... — read more 

How does Denbury handle severance? One week for every year with the company? Or is there some other system they apply?

Managers all had a meeting this morning and left with packets.

As in, reduce their number? Yes, no, maybe?

Can one tap into 401K temporarily without penalty from the government during a RIF? Just asking for a friend I hope!

DNR crushed earnings ?

Anyone have some solid info on what day this is taking place, and how many ppl ?

The 2016 cuts were done the same way, Whitney, Management and Legal met with an outside Legal firm that specializes in Out-placement activity. They have all of their processes thought out, must be one of the only things that they are good at! Why... — read more 

They better do it soon, people is suffering from chest pain due to anxiety. Hell If my heart stops tonite, the package just got upgraded. That's 2 X salary = 104 weeks.

Those of us who get let go (whatever day it takes place) will be meeting at Ginger Man at the Shops to have a few drinks and drown our sorrows... come join if you are part of the RIF.

I found it amusing that after probably half of the company spent the rest of their day on Thursday following the Townall monitoring this very website, and IT swoops in and blocks the domain while on the network. What, really, do they expect us to do?... — read more 

Fear of the unknown is a legit thing! This waiting game is causing a lot of stress and anxiety for many people. How can HR and even our managers think that we are even being productive right now? My nerves are so bad, I'm not able to concentrate on... — read more 

It would have been nice if Denbury notified the people who are going to be affected by these layoffs before the weekend. I don't see any of us getting much sleep in the next two days. Hopefully, we will know on Monday, unless they decide to prolong... — read more 

Will this be another house cleaning or everyone over 60? Crazy they haven't had more lawsuits than the ones we all know about (and settled).

To tell us all. I'm pretty sure that I'm gone tomorrow, but at least appreciate that he had the dignity to face us and tell us. Phil would never had explained the situation. I loved my time here and truly loved the company, hopefully CK will get the... — read more