Thread regarding Devon Energy Corp. layoffs

Excuse me I mistyped 3rd to last work is "than"

Would agree about the horrible engineers at Devon. I work for a service company and they have no f'n clue. If it isn't cut and paste or one of Devon's gurus idea, it gets shit on everytime. Have fun a'holes. Karma is a bitch isn't it. Maybe you shouldn't have crapped on us as much as you did and maybe just maybe we had a better idea that you did.

Yeah, Devon's cash flow comes from operations and they are mediocre at best at that. They have some great assets but poor management and lazy engineers (or young and untrained) didn't exploit it. I would compare engineering at Devon as being a builder of cookie cutter homes

No. Moron. OP said the reason it's "barely breaking even" is because of how Devon is operating it. What did you not understand? And you are absolutely wrong saying that "there is nothing left to drill" ...that's the same thing Devon leadership said about all that great Wolfcamp acreage they sold to pioneer a few years back. True story.

Midland full of great employees, but it's depleted. Half the wells are losing money on LOE and the rest are barely breaking even. There is no potential and nothing left to drill. Sorry to burst your bubble. "But it's legacy" is a terrible way to operate

you can say what you want but @FG2Irhp-1sfg is right. some are shit but make no mistake, there are quality assets on the block. his assessment is also correct.

Yes they are. You don't know what they hell your talking about. The cash flow out of the midland BU is sh*t because Devon is a bad operator of base production. Mainly due to the restrictions placed upon the field. Things like EHS, procurement, and the like. Similar to the way BP operates. Those guys could be much more profitable but under the Devon system they are set up to fail.

Those are not quality assets.

Couldn't agree more! That means it's panic mode....