Get ready, every supplier that EM works with is about to show up with a fuel surcharge. They definitely deserve a piece of the pie given how much their costs are going up! Good luck trying to meet your budget!
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The only thing that won’t increase is your paycheck! Just remember that raises are tied to benchmarking not inflation. Somehow employee wages are always too high and executive compensation is always too low according to the benchmarking. It is almost as if the third parties doing the benchmarking know that if they do t get the answer “right” they won’t be paid to do the benchmarking next year!
Fuel surcharge is the least of our worries. With high prices everyone is going to be trying to produce more and the price of rigs. Frac crews, sand, equipment, you name it will increase. Budgets blown for sure.
Now that the commercial and payment organizations are separate, nobody knows when funny business happens with approved payments. I guess they didn’t think about the importance of cash leaving the corp! Good job DW!
The 90 day is enough to run anyone off.