Sorry we lost 1000 good people, but for those of us still here the world is getting brighter. Thanks for taking the fall for us. Devon will be the best turn-around story in 2016.
Things at Devon are in good shape
I'm not sure why everyone is so upset. Things at Devon are improving. The market is exactly where we hoped it would be. WTI crude is rising 1.68% to $48.52 per barrel on the New York Mercantile Exchange, while Brent crude is increasing 0.94% to... — read more
New Normal
I remember loving my job, now I hate it. I used to like the people I worked with, now I mistrust them. I used to believe my supervisors, now I hate them. I wish I had been part of the first group. I used to respect Devon, now I know they are like any... — read more
Unemployment and severance dates
Should I have received my severance amount by now? Is it paid in lump sum or biweekly? I signed and returned the paperwork during the allowable period. Also, when can I file for unemployment? Do need to wait until my severance is up if it paid... — read more
While fears that terrorists could intentionally set off a major oil or chemical leak have grabbed headlines,
there’s another cyber security threat emerging: criminals who hack the system to steal from companies. It’s the major downside of new capabilities like digital monitoring and IoT, which have allowed companies to remotely control the flow of products... — read more
Next Layoff group June 14
Everyone knew this was coming. Next Layoff date is Jun1. About another 700.
Laid off thanks today, Politics at their best.
Laid off! THANKS to Devon Energy politics. They could only say it's not performance based, when asked [oh it's not age either and not seniority! 30 years of industry experience vs many others under 5 years with same job title ....go figure. No option... — read more
Unethical behavior going on in Midstream regarding pay and hours!!!!!
There are several contractors who are classified as "hourly" but when they work OT they are only paid straight time. Federal law stipulates how hourly people are supposed to be paid for OT (which is time and half) and I don't understand how the... — read more
Need more layoffs
Come on execs, you need to layoff at least another thousand people this year. Gotta build up enough cash to HBP all that juicy Felix acreage for which you overpaid. You can always hire them back later, they aren't smart enough to go anywhere else.
Spam post
You will be happy to know that the person making the weird an crazy post has passed
Bite Me Devon Trolls, Go Tell Dave what a good dog you are, maybe he'll give you a directorship too
And the Devon saga continues....trying to sell a piece of it's play assets to fund an increasingly diminishing exploration portfolio but nobody will bite, especially after their reserves are knocked back 20%. A string of expensive drilling failures... — read more
Sharing the love
I'm confused as to why some hard working, loyal employees were Layed off but others took their positions? Also, why are people getting a bonus, not to mention some getting raises? This sounds like politics to me. Someone wanted to have more control... — read more
Devon Report Card - Fail
Guru Score: 29% MARKET CAP: [PASS] Medium to large-sized companies (the largest 1500 companies) should be chosen, because they are more in the protected eye. Furthermore, the investor is exposed to less risk of "accounting gimmickry", and companies... — read more
Should have followed King
What: Shares of Continental Resources (NYSE:CLR) surged on Thursday, jumping 12% by 12:30 p.m. EST thanks to a trio of catalysts. So what: Continental Resources started 2016 off on the right foot, delivering strong first-quarter operational results... — read more
Devon Doesn't Rally
Trader extends downside play in Devon . optionMONSTER By optionMONSTER Staff (media-support-team@optionmonster.com) May 6, 2016 7:16 AM . ˠ ➕ ✕ . .. . . Related Stories Canadian Natural faces downside position optionMONSTER Another downside... — read more
The other company in Town
NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK - Get Report) are falling by 7.71% to $5.27 on Friday afternoon, as analysts at Barclays said the stock is still worth $1 per share despite yesterday's solid earnings results and asset sales... — read more
The deal fell apart
The end of Ali al-Naimi's more than two-decade tenure as Saudi Arabia's oil minister signals a new era for crude markets, analysts said on Saturday, and appeared to be a reaffirmation of Saudi policy to let oil set its own pricing. On Saturday, Saudi... — read more
Oil News
AdSaudi Arabia's King Salman has removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih. Saudi Arabia, the... — read more
jm
Completions Engineer Completions Engineer 2 37 Completions Engineer Completions Engineer 4 34 Completions Engineer Completions Engineer 4 48 Completions Engineer Completions Engineer 6 65 Completions Technologist E&P Ops-Completions Technologist 6 43... — read more
Will you listen?
I have been working at Devon full-time (More than a year) Lower level management and field workers are great and hard working, they are like family. Lower management fights an endless fight for the employees even though it falls on deaf ears... — read more
No more layoffs this year
Devon is going to stand firm. No more layoffs this year.
Big Deposit Today
I guess PTO paid out today. Must have been something more too because my net deposit was 4x normal.
Devon Employees
Please ignore these post. We are doing well for this environment. There will be no more layoff!
HR is gonna cut all year
HR is gonna cut all year Several people have confirmed this. Everyone should know that HR is gonna cut all year. Instead of making a large sweeping cut Devon is gonna spread out the pain (and the hysteria) over the entirety of he year. Unfortunately... — read more
List of Job Titles and age.
Did anyone get a list of the job titles and ages of who was let go and the candidates that weren't. It is my understanding the other list will be the second round.
Another 1000+/-
3.1 loss in quarter one, second quarter looks on par to match it. Analysis has already been completed management is simply making their decisions on the who but the why and when has already been decided. To keep investors another draconian cut is... — read more
See this news and know the future is bad.
http://newsok.com/article/5495771
Devon had a core loss of $249 million
Devon had a core loss of $249 million, or $0.53 per share in the first quarter of 2016. On a reported basis, Devon had a net loss of $3.1 billion for the first-quarter 2016. More layoffs coming, to break even this will be another 500.
Devon Work Place Predators -
Am I the only one? It started as what seemed to be harmless flirtation, then changed to unwanted touching. Now I am caught in a situation that the other party will say I reciprocated. I'm in a situation now where I will be accused and this scares me... — read more
Cryin over you! Project Managers are paper pushers. Zero Value!
Cry me a river. The drillers, production engineers and geophysicist are the ones the make the difference PM's only check the boxes and add cost and absolutely no Value. I don't know what you have been smoking, but it is messing with you mind!
PMs are saving us all
At least we have good PMs to help dig us out of this mess. If you see one around campus pat him/her on the back and let them know how much you appreciate their long hard hours and sacrifice. These are the "rock stars" that deserve more praise! We... — read more
Devon Work Place Predators -
Am I the only one? It started as what seemed to be harmless flirtation, then changed to unwanted touching. Now I am caught in a situation that the other party will say I reciprocated. I'm in a situation now where I will be accused and this scares me... — read more
Anybody Else Getting the Silent Treatment?
You would think we were lepers from Old Testament times. I have messaged my contacts who are still at Devon. It is like I never existed. Not much response. Just trying to keep with friends. I'm not trying to pry information and I stay positive... — read more
Going with the flow
Why do I get the feeling that if you're not a "yes" man you are out the door...