Hearing rumblings that non core acreage is being considered for sale to realign the organization and build back our Exploration Wing. Multiple people will be ring fenced and Denver is coming back to Houston according to rumors at the top. Is this true?
Thoughts?
lol like you actually know anything 🤣🤣🤣 gtfo
Looks like we are holding off on a move back to Houston until 2025. I'll keep you informed if that changes.
Take a look at the turnover rate. Why is everyone quitting?
Opinion: They won't be going away but they'll be relocated to Houston and chipped away at for exploration build back dollars according to sources in the M&A space.
I was skeptical of the “independent in-house” business model of L48 and honestly didn’t like the audacity and cockiness of the L48 crew. I had an opinion at one point to go over there but felt the survivability at bp was more attractive, all things considered. I was wrong. I wish I had taken the opportunity when presented, because the cockiness and audacity are exactly why, much to the chagrin of those like me who want to see BPX fail, they won’t. They will stay in Denver for the foreseeable future, they will continue to add value and we will grow in dependence on them to deliver. They will be here longer than most of us here and future CEOs. If they are ever “sold off” it’s because they out grew and out paced us and that would be to our detriment and would be a failure on our part. If you are hanging onto these ideas because you believe you are ITK, you aren’t. If you say you heard something and then post it here, you are either embellishing, lying or both.
To @2kxo+1tOarVAT have you consider they may be lying about not closing Denver?
Not what MA told us behind closed doors
Word is that he's pretty serious about brining BPX back to Houston
BPX was just told Denver isn’t going away
I sat in that same meeting.
It'll be interesting to see. Biggest mistake we ever made was eliminating exploration.
We are dying.
Exploration was cut to the bone during reinvent, can’t see how they can rebuild back. Where’s the explorers with 20+ years hands on experience going to come from?