I spoke with someone who also got the ax in January. She told me that management is considering letting all who were laid off will vest in their entire stock grants on July 1. I hope it is true. I have small children and really need that money now. I... — read more
Anyone received a bill from MetLife Defender?
Is this the identity thief protection thing that swn put us in? I thought this thing ended when we were laid off. Don't know why they keep charging me
SWN Annual Stockholders Meeting
...held yesterday in Spring, Texas. Did anyone go? Any insights to share?
Next round?
Gas prices are better, but not by much. Production is falling. A lot of people still sitting around with not a lot of meaningful work to be done. Will there be another round of workers let go by the end of 2016?
What is the Energy Job Market Like?
Is anybody landing interviews?
Did anyone file and get the unemployment benefit payments from Texas workforce commission? Are we eligible to get this benefit?
Does severance package affect the eligibility of receiving unemployment benefit?
Ex-Texas energy company finance worker guilty of $450K theft
http://www.cnbc.com/2016/04/26/the-associated-press-ex-texas-energy-company-finance-worker-guilty-of-450k-theft.html Rut-ro!
FINALLY - They still walk away with millions!
· Jeff Sherrick, EVP, Corporate Development and New Ventures, joined SWN in 2008 and will be retiring from his position effective May 1. · Alan Stubblefield, SVP Operations, joined SWN in 1998 and will be retiring from his position effective May 1. ·... — read more
Restructuring?
Any news on restructuring? Is IT going to be outsourced?
Additional cuts?
I heard second hand possible cuts in managers/ superitendants, but doesn't seemed to have happened. One SVP supposed to have left, but again no confirmation
Niffty trick by the SWNsters
They borrowed $1.55bln for two days according to their 8-K. Here's a link to WSJ blog post: http://blogs.wsj.com/moneybeat/2016/04/04/why-an-energy-company-borrowed-1-55-billion-for-two-days/?mod=yahoo_hs I must admit I am surprised that SWN has the... — read more
Would you go back?
If SWN called you tomorrow, would you go back? 1) YES, 2) NO, 3) YES... I have not other options in sight, so Yes out of need for a job, any job.
Don't forget to file for unemployment.
Since today it the first day you're officially unemployed, don't forget to file! http://www.twc.state.tx.us/jobseekers/unemployment-benefits-services#applyForBenefits
Any folks got paycheck on 3/18?
I was told that for laidoff folks, a paycheck will be issued on 3/18 for period 3/7-3/18. The last paycheck will be on 3/24 to cover 3/21, 3/22 and all vacation hours. I logged into ADP this morning and didn't see the 3/18 paycheck. Anyone knows... — read more
March 22, 2016
Don't forget to sign your paperwork and get it back to SWN. Make sure you DO NOT date the paperwork before the 22nd. It is hard to believe our two month "WARN act" period is coming to a close. Good luck everybody!
SWN is pretty beaten up but they can handle it for another year
Only a moron would think SWN will be bankrupt in the coming months and the only "oil companies" that think they will be bankrupt soon are "oil companies" who will be bankrupt even sooner because they are financial idiots. SWN doesn't even owe on a... — read more
Bankruptcy
I work for a competitor, and discussion at our meeting today was swn will be filing for bankruptcy within the coming months.
How do we know our severance pays are calculated correctly
Based on this message, https://www.thelayoff.com/t/FNiAe4J, we have reasons to suspect that things like carry over vacations may not be calculated correctly. How can we make sure that we're getting the correct payment?
SVP Gone?
Looks like Bolander is gone right? A lot more SVPs need to go!
Any news on bonus and performance points?
Are we going to get any?
What are the options for the stockholders?
If a bid were put in to buy SWN, would the stock price increase? What would the stock do if SWN filed for bankruptcy? What's the best option to protect the stockholders? What would the stock do in a hostile takeover?
NEW CEO SPEAKS
After the new CEO gave analysts bad news on Friday, SWN has been seriously downgraded, with one analyst projecting a price of $3.00/share. With no wells being drilled in 2016, no reserve adds and production falling, will there be more layoffs in the... — read more
Hayden family loses insurance, and income
Well the hubby got his last check today from SWN! After 10 years of service and dedication with 0 accidents and 0 write ups they gave him the boot. As of March 1 our insurance will be out also! He was a senior Foreman and great at his job. He was... — read more
Was the R2 formula a jinx?
The Right People Doing the Right Things. They might as well have told folks they walk on water. Faith will move mountains. Poor decisions won't.
Why did they build that tower in Spring, Texas?
flaunting loan...
SWN's time will come...
Looks like the next victim of low commodity prices is Ultra Petroleum. Despite the name it was predominately nat gas in Wyoming. I think it will be an ugly day for SWN after they file the K. They have given no guidance and usually that means a... — read more
FOUR WEEKS AGO!
The 1100 learned their fate. I hope you all are doing well? I am somewhat dismayed that the SVP's, the ones who caused this downward spiral, are still drawing a paycheck. The formula is dead, long live the formula!!!
Today - Devon Layoffs Internal Memo Leaked
Devon Layoffs Internal Memo Leaked - Link: @FYpdPTE
3 IMPORTANT DATES TO REMEMBER
2/18/16 - 4th quarter, 2015 results - after the close 2/19/16 - Analysts conference call - 10:00 est. listen to Way's first spin as ceo. He should do fine reading his script. Listen very closely to his answers to analyst questions. 2/22/16 - Employee... — read more
Living the formula?? sure...
haha came across this clip from 2006 on youtube: https://www.youtube.com/watch?v=U8sWCDnRymQ
IT IS TIME THAT 45% OF SENIOR VICE PRESIDENTS WERE LAID OFF!
If SWN keeps the existing SVP's, nothing will have changed. The people that caused this mess are still there!e
Spring, TX Updates
Do we have any updates? Left in 2013
WTF - they took off for vacation AFTER I was told not to bother coming in!!!
I had vacation scheduled for the last couple days in January. I was told not to bother coming in after 22 January but they still deducted for vacations???? What a ripp!!!