Topics regarding layoffs at EOG Resources Inc.

Topics regarding layoffs at EOG Resources Inc.

120 axed at Encino Energy

More than 120 workers at Encino Energy in Houston will be laid off this August. The layoffs follow the $5.6 billion sale of Encino to EOG Resources. The sale was announced at the end of May. A WARN notice filed with the Texas Workforce Commission... — read more 

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| 680 views | | no replies yet
Post ID: @OP+1jyasrz9h

EOG-buyout coming??

Only a $67B market cap seems like an opportune time to get scooped up.

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| 990 views | | 2 replies (last March 23, 2024)
Post ID: @OP+1rnDTJMC

Change in the air

Rocky layers deep, Denver drills through earth, they creep, Geology’s leap.

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| 1030 views | | 2 replies (last February 9, 2024)
Post ID: @OP+1qM4ySfY

Artesia office closed

Eog closed their artesia office on Friday. Most of the remaining staff was offered retirement or let go.

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| 610 views | | no replies yet
Post ID: @OP+1qCKRKbE

M&A deal close

In final discussions/negotiations. Shape companies 3.0 here we come

Chevron buying Eog

You heard it here first. Purchasing at premium of $155 share price

Technical staff encouraged to bend truth

Technical staff are encouraged to bend truth and withhold information to push projects forward and confirm bias of managers. Any one else experiencing this?

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| 1200 views | | 2 replies (last August 31, 2023)
Post ID: @OP+1n11ICMZ

A season for M&A

Chevron's buying EOG Resources: Bringing in profits from natural sources, While Exxon's purchase of Pioneer will strike fear, Chevron's deal will reveal a steal.

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| 1430 views | | 1 reply (May 9, 2023)
Post ID: @OP+1m2h48I6

Artesia layoffs

4 laid off in Artesia division. Probably could and should have been more.

Just to check

No layoffs, furloughs or anything like that planned any time soon?

Why are people leaving?

We are doing well enough considering the circumstances so the fact that quite a few people I know have quit in the past couple of months is somewhat confusing. Do they know something I don't? Why leave a relatively stable company when the economy is... — read more 

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| 3640 views | | 3 replies (last December 9, 2020)
Post ID: @OP+186NbukZ

Are we safe until 2021?

Everything seems to be quiet. To the best of my knowledge, the only ones laid off were contractors back in May and I haven’t heard anything since. Our latest quarter earnings report didn’t produce any numbers worthy of cheering over, which makes me a... — read more 

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| 1950 views | | 1 reply (November 18, 2020)
Post ID: @OP+17TUpCrU

Bob Fu

Bob Fu has apparently offered some China Aid to EOG.

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| 1620 views | | 2 replies (last November 10, 2020)
Post ID: @OP+17y71uLN

Alpine High staff now runs Permian

With the failure of Alpine High, it makes perfect sense to move that staff into Permian and cut the Permian staff that kept the cash flow coming into Apache. Logical move JC. With oil below $20, the only way to go is up. JC will say it was the... — read more 

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| 3480 views | | 2 replies (last June 8, 2021)
Post ID: @OP+14DH7pXz

EOG OKC

Any news in the Oklahoma City division?. Lots of contractors

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| 2420 views | | no replies yet
Post ID: @OP+XyLhCVa

EOG Resources Stanley, ND

Almost 100 contracted employees were let go from EOG Resources in Stanley, ND with no notice of termination. Some are expecting children in the next few weeks. They say they are loyal to their employees, but that's false. EOG isn't as great a place... — read more 

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| 6660 views | | 2 replies (last April 26, 2019)
Post ID: @OP+XuAZRva

EOG 2017 Layoffs

Layoffs are possibly coming sooner than we think.

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| 2990 views | | no replies yet
Post ID: @OP+OAOWcQn

EOG Resource layoffs coming again this fall!

EOG Resources layoffs coming! Get ready good old EOG Resources is getting ready to reward many of us for our hard work by showing us the door. I am hearing the cuts will be deep and what is left for those remaining will be a sweat shop. It is looking... — read more 

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| 4590 views | | 1 reply (June 27, 2017)
Post ID: @OP+NLX99MF

EOG stock has been headed south for past six months!

EOG stock has been dropping for the past six months with no end in sight. We are going to have to sell marginal assets and reduce overhead if we are going to make it. If we don't start soon we'll have a big layoffs as well.

YPC Merger

Any word on what will happen to the 300+ YPC employees that were acquired by EOG?

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| 3070 views | | 1 reply (May 29, 2018)
Post ID: @OP+JwBvsqM

EOG value down 20 billion+, stock down $:8/share.

Management said we're toast if we post but it looks like we're toast anyway! Our stock price is dropping, oil price is dropping, cash is exhausted and there is no remedy in sight! Horizontal drilling technology and zipper frac technology hasn't been... — read more 

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| 3910 views | | 1 reply (July 30, 2016)
Post ID: @OP+ID8wDLV

Exxon is looking at acquisition of EOG Resources Inc.

If management will be more realistic on price Exxon will acquire EOG. An EOG acquisition will save 80% of the jobs while maintaining retirement and severance plans. A much better deal than bankruptcy if oil prices go to &20/bbl and stay there two or... — read more 

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| 3940 views | | no replies yet
Post ID: @OP+GZAPsGC

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