Chop
11 replies (most recent on top)
If the existing ERT is the same come
July, cvx shareholders lose. They need to be put on the street.
If I'm honest, the ERT was more technically competent in the old days when they actually slept through parts of the review and were completely subjective in their views. Now it is just scorecards and checklists and vague non-sequiters. Nobody seems to know who is on first base. The writeups are incomprehensible.
Our strategy has been to wait until more competent companies make massive mega-discoveries in our back yard (Brazil, Guyana, Namibia, Angola, Mexico, Norway, China, Egypt, the list goes on and on), then rush in several years late to the game, pay top dollar for horrible acreage ("ram pasture"), pour money into multiple dry holes, then start the finger pointing and pearl-clutching as we plan our exit with our tail between our legs.
On top of that, we take all sorts of credit for all the barrels we "discovered" in the Permian! I'm not making this up!
DEI KI-LED EXPLORATION. used to just be me and my bros pointing at the earth and finding oil. LS has a uterus so that's why we can't find oil anymore. Wah!! wah! I miss the good old boy days and wish I could still see my weiner. Nothing to do with corporate greed and globalization. Uterus invasion!! Down with LS.
@c1+1jnsqnjh6 They are so proud of their process which has turned up its nose at every discovery of the last 20 years. Even the discoveries made were the ones least liked by the ERT. Useless.
how on earth has LS survived all this time. Has never demonstrated competency in any technical role and as a manager always abides by her preferential treatment bias. Time for retirement
We used to have good technical reviewers earlier but the ones that questioned decision quality were all let go. Now, if you bring up a good challenge, you get sidelined. Leadership doesn't have good depth unfortunately...tell them there ain't any x, or y here, yet they drill it. Only hope is we get Hess folks to take over our exploration.
We haven't found a barrel of oil in over 10 years. Seems the exploration team is the very definition of incompetent dead wood.
The ERT would have graded most of the major discoveries of the past decade as "undrillable". Factory mode makes no sense for exploration. It has never worked for us.
Has ERT ever seen a barrel of oil? Maybe on a field trip. Change needed.
Workers are ok but GMs and review team are truly terrible.