Who do ya’ll think will end up? If I am the GM there are certain changes that should be made. Our O&M have never been more at odds with some of our leadership. They simply have to make a change.
4 replies (most recent on top)
SJV is an abandonment factory until the liability is low enough for someone to have interest, if not most of the wells are shallow, they’ll abandon everything.
We refuse to sell because of the abandonment liability. There are offset operators who would love to pick up our properties but we're not going to do it.
SJV is certainly aiming for a long-term (within the decade) sell-off (unlikely) or cessation of operations, with the time frame dictated by how much of a regulatory squeeze California puts on us.
If you think SJV really cares about the O&M workforce, think again.