Been in DW for 10-15 years in the Wells Org and we have gotten so bloated from all the divestments and bringing people in. It’s insane. JG2+ roles are created out of thin air that deliver no real value. People are tripping over each other and causing chaos. I am convinced we are making less money because we have too many people with nothing to do that slows down our processes. This has been a byproduct of all the land sales (Eagleford, Pinedale, North LA, PA, Permian) and letting DW absorb all these people. We have mid level managers milking their careers who don’t have a clue how to get a DW well in the ground. People argue over “Franchise” and “Standard WDP” terminology all day. Maybe I’m the only one, but I’m here for the reckoning. It’s long overdue. Wells could easily cut 40% and end up in a much better place.
Oh, did anyone else see the file mentioning lower PSP payouts? And also heard a rumor of a worse severance package.