No drilling, no frac, over-staffed. Management and HR trips to Houston. What's next??
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I agree with Anonymous166245. I know who is leading at Canonsburg. He kissed ass all the way to the top.
I wonder if we will have the same "dignity and respect" they gave the first round of people that got a free taxi ride?
Death watch for Noble Energy is more accurate.
Millions over budget empty building. Class of 2007 management team. Hillbilly land department. Hillbilly Coalminer partner. Who would want to buy it?
no doubt it is dead and will be sold off
Speaking about Greeley below, not PA. I imaging they were blowing money in PA too though.
It was so fun there about a year or two ago. Free catered lunches every day. Buy ANYTHING you needed for work on a corporate P Card. They burned through so much money when the sun was shining, you would have thought they had no idea this industry was cyclical. As pumpers cycled out, thousands of dollars in tools went out the door with them and they outfitted each new pumper that came in to replace them brand new FORD F250s and brand new sets of tools. And the tools, all top of the line and every size you could think of. I couldn't believe the way they operated. If they would have been even a little tighter during the flush years...
Big mess there. No one leading is worth their pay.
Not likely to shut down, but look for cut-backs. RIF could be significant. The Marcellus project has been a big drain on cash since the deal was signed in August 2011. $2.56 gas makes things worse.