You are NOT reading the situation wrong. You are reading it correctly. I am unsure about the Sandridge girlfriend in the previous comments. However, this place is unhealthy to work for. I've been gone for 3 months (My Choice) and I already feel much better. I did not realize what kind of negative impact this place had on me until I left and got some distance. Other companies are not this bad.
I've kept in contact with my co-workers who are still there and the benefits package is quickly becoming uncompeditive. You can do better at other O&G companies without all the stress, pressure and abuse from bad leaders. There are a few that are happy here but I've noticed that those happy few have connections to the leadership through family or friends. There are a few good leaders who have managed to keep a neutral approach but they are few and far between.
You sound like a reasonable person. My advice would be to do the best you can to do the right thing while you are still there. Do not compromise your integrity. Get away when you can and leave the right way. Do not try to push against the injustice. The changes need to happen from the top down. Do not expend any energy more than is needed on this negative stuff. If you have one of those 2 year contracts they like to lock people into then be patient and put something in place and leave when the contract ends. Otherwise, take your time and look for a new job. support your manager and do the best you can in the meantime.
Here are a few things to consider
1) If you stay at a company that is bad and unethical or has a horrible culture then what does that say about you? Do not stay at a place that is not a good place. Do not associate yourself with bad company.
2) If you feel like your career will be stifled at a job then you have to take control of your career. Noone is going to do that for you. Go where you believe in the mission and the leaders and work hard for them and grow where you can thrive.