Dvn/Expand coordinated exodus? Anyone else?
11 replies (most recent on top)
@10e Lol, the old Houston office easily had more d-mbasses than okc and had the “but we’re Houston” attitude as well, which was both laughable and pathetic. Calgary was the same
@10e good luck with that stunning compassion of yours. Others will find jobs in this "ghost town". You though, what a sad little sack.
@10e okc a ghost town because two companies relocate? Tell me you don’t live here without telling me you don’t live here.
The directive for Expand to relocate to Texas was there day one from the investment banks. The only movers and shakers in Oklahoma are caused by earthquakes. Houston is the energy capital of the world. If you aren’t here? You’re nowhere. But I guess being in OKC you’re used to that. Good luck in the ghost town.
@ek eh Devon and CHK let go 3x the people that are left in the early layoffs. What’s left has little impact to okc
Public oil companies are constantly benchmarking and actually hiring Consulting companies that are “sharing” and sometimes compelling leadership to follow an initiative. This is evident in how energy companies time their layoffs and or changes of corporate domicile. OKC technology and administrative is not seen as advantageous so Houston is a perfect place to move..McKinsey probably promoted cost savings, tax reduction, logistics simplification, and the fact that there are 4000 quality unemployed oil and gas professionals looking for work.
Agree. OKC will be a ghost town again. DEVON AND XPAND have done business in OKC for more 20 years. No reason they would need to move the business. Saying it is to grow business, they can do that from OKC. All lies!
Keep field offices and lay off the clique
The exodus of O&G companies to Texas has been happening for a long time. Just more recently effecting OKC - the senator knew it has been happening yet failed to do anything to stop it from continuing to happen.
OKC is quickly loosing its attractiveness as a corporate headquarters for energy companies or a base for service providers.
The technical/engineering employee pool is regionally limited creating constraints for growth beyond Mid Con.
Excessive clannish fiefdoms that once were viewed as positive for growth and stability are now seen by everyone as an offensive liability. Think Chesapeake Clan or Sandridge tribe…OKC and Denver are known for this cliquish work environment.
Midcon has excellent and talented field staff that are better supported from smaller field offices with independent supervision than from OKC HQ. Devon will quickly learn that HQ engineers and so called managers hampered field operations.
Senator was on NPR Friday saying he was concerned about the number of O&G companies leaving the state. He just have known in advance too