Today, 10% of the Plano employees were let go. This was across all disciplines (engineering, geology, accounting, etc).
No word on field employees at this time.
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Any information on when? How many?
Heard another plano staff cut is imminent. Don't know about field employees.Hope it's not true.
My brother who was close to retirement was let go after years of working there. SUCKS.
Good luck to all of you guys, this has been going on for way too long. I hope we bounce back
Their breakeven price has to got to be at least 70. They remove the cost of their pipelines (lots of $$$$) and the cost of operating the CO2 fields before they report their costs. They have creative accounting, and it is all directed from the top.