Thread regarding Apache Corp. layoffs

“So many of these employees are supportive of the executives”

Why? Clearly SA has problems as their head was forced out to around Halloween. Y’all got short memories.

“look into their own selves and ask what we can all do to own and right this ship”

You mean like SA VPs self reflecting to realize they ARE partly, along with CEO, to blame?

“ This is a pathetic post by an obviously miserable individual who is consumed with anger.”

Are you one of the VPs that induced these feelings?

I have been contemplating this thread all day.

I don’t think OPs bad experience and serious questions should be ignored simply because they are angry, have typos, or did not go about tactfully wording this post (understatement). But blowing off this person’s opinion because it’s not what you want to hear is exactly one of the complaints in other posts about the San Antonio office. In reviewing several posts, responses, and observing all the upvotes on those posts, it becomes clear that potentially several people are vocalizing their bad experience or bad behaviors they witnessed in San Antonio. Well that is a legitimate concern. And it’s legitimate to be concerned if that will continue in Houston as moving a problem doesn’t fix the problem. I also think SA does have some blame, on a managerial level for both Alpine High and employees bad experiences. If SA employees can’t come to terms with the fact that some of their coworkers blame those managers, then Houston will be a mess. Especially with people already not wanting each other as teammates (why would they root for teammates they don’t want on the team kinda theory).

Also, has it occurred to y’all that OP is enjoying watching y’all shred each other as like a trolling thing? And all the responses rise to the bait. OPs won the trolling battle with this post and all its reactions.

"It’s like a limb with gang green."

Lmao, it's Gangrene dude

Clearly you have zero idea of what's going on internally and if you're rooting against your own teammates you are a part of the problem. You are the worst kind of employee.

Lots of talented people will likely not be offered to return to Houston, because there’s no room for them. Dancing on their graves is a real d–k move. I recently left APA, and I’m rooting for its recovery and success, because that is what decent people do.

The buck stops with the CEO. That’s all. Point the finger (the right one) at him.

“Our company bet big on a play that turned out to be an enormous rich gas resource, which is difficult with today’s prices.”

Which many many many people suggested AH was, and even told management of that, only to be quietly shuffled out the door. Management either didn’t want to hear the truth or were too blinded by their own hubris to listen to anyone else. Whatever happened to best answers win? Oh, never mind, no one ever really meant that phrase to have any truth to it anyway.

“In fact, the stock price had made a significant negative departure from peers BEFORE the San Antonio office was opened.”

Maybe, but look at the stock chart before SA and after. Correlation isn’t causation, but SA has been a disaster from day 1 and everyone but the big bosses saw it. Or maybe they did and just didn’t care or didn’t know what to do. Either way, they have been a disaster for shareholders and employees.

“What’s sad is the lack of accountability here, from all employees.”

Accountability starts at the top. When will the board wake up and do their job and fire the CEO, his yes men, and his new reorganizational buddies?

“Apache will only be premier if all employees look into their own selves and ask what we can all do to own and right this ship, continuously from here out. Stop blaming. Start owning your part in the solution.”

True. I’ll do my part to get the CEO fired. What will you do?

This is a pathetic post by an obviously miserable individual who is consumed with anger. Apache has so many hard working employees in all Regions who work everyday for a better company. So many of these employees are supportive of the Executives and recognize the ups and downs of the industry where we conduct business. It isn’t easy, but those fighting for a better world do it one day at a time. Kudos to the folks out there getting it done.

Reading this post, the dysfunction holding Apache back is very clear. The company will not be able to work effectively towards a common goal until its employees give each other the benefit of the doubt and assume they are all working with good intentions, regardless of past mistakes or disagreements. The company will have to eliminate those who cannot abandon attitudes which prevent them from working with others, like those expressed by the original post in this thread. Being angry wont fix the stock price. Hard work and the right attitude might.

With all due respect San Antonio is not the reason for the company’s position today. Our company bet big on a play that turned out to be an enormous rich gas resource, which is difficult with today’s prices. But that isn’t the entire WHY behind our position. In fact, the stock price had made a significant negative departure from peers BEFORE the San Antonio office was opened. What’s sad is the lack of accountability here, from all employees. Apache will only be premier if all employees look into their own selves and ask what we can all do to own and right this ship, continuously from here out. Stop blaming. Start owning your part in the solution.

"Gang green" almost made me spit out my coffee, that was great.

It's true; Apache would do well to wipe the slate clean, so to speak. The company's biggest issue, even more than destroying capital in Alpine, is that their revenue stream is continually diminishing. You can only cut costs so far to account for that. At some point, Apache will need to get serious about growing again. Divesting assets has been all well and good for getting cash quickly to service the insane amount of debt, but that is not a strategy for longevity.

Whoever is to lead the charge in this effort to get into new areas and test concepts, it should not be any among the ex-EOG cabal. They, aided and abetted by the CEO, have done a remarkable job in completely debilitating (financially and in lost personnel) what was once a highly respected oil and gas company.

So... you should sell all my stocks now before they go from $22 to $0? I think not.

Ya know there is more to Apache than San Antonio office....

Although they did mislead the rest of us.