Thread regarding Denbury Resources Inc. layoffs

grow some balls

Geologist 38 years - I was laid off in 1992 from the finest independent oil company in Dallas. Two more busts - in 2008 and now. Company geologist and engineers frequently bitch all day about their current employer - but they probably couldn't make it out here as an independent.

I also went through the agony and anxiety of waiting to be laid off, but it was ENTIRELY MY FAULT that I didn't have the balls to change jobs/career path when things were "good". Does that sound familiar ? My best friend just got laid off from PItts OIl Company in July after 27 years. He was the ONLY one laid off. There is no loyalty in the oil and gas business anymore. As I told a new Masters geophysics grad from Baylor last month, "now is a good time to assess if you really want to be in our business and deal with this manic-depressive ride to hell and back for the next 40 years. Or, do you want to do something else? "

My heart and prayers go out to the Denbury geological staff,. especially those who have been 'movers and shakers', volunteering in our geological community (DGS, SIPES etc). The people that have seen you work as a volunteer will be glad to open any door they can to help you. We already know who you are. As for the rest of you bastards that were always too important or busy to serve, "No one even knows who you are ! You are all leeches that let the rest of us do the work and

your only involvement has been when you bitch to us about the speakers or the luncheon menu. "

In 1992 -93, I had 205 interviews before I gave up and became an independent. Thank God my wife had just finished nursing school. NOTE_ you young guys need a spouse that works, or can work when things get shitty. It will get better eventually, then it will get shitty again. You can bank on it.

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| 2902 views | | 6 replies (last March 3, 2016) | Reply
Post ID: @OP+FZ2YRrW

6 replies (most recent on top)

While this cycle is entirely true it doesn't excuse Regional supervisors from coming through and saying we're safe because we're already cut as far as we can. While in the meantime making their layoff list. Why can't people be honest? Stop being paranoid about what you think people will do. Give a person a chance to get their affairs in order and start looking. Some will say that's what the severance is for. But I for one would rather work.

Also if they put the word out personnel reductions are coming and how big some people would find new positions before the cuts. Potentially creating a situation where someone else could retain their job. And since the employees would leave on their own accord save money on severance packages.

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Post ID: @fowt+FZ2YRrW

I have experienced many the last 37 years. The 80's and 90's were tough. The young crowd now has experienced what many of us many times over. Pick a skill set and be good at it. Don't expect to be cuddled because you think you are good. It's not a $100/bo anymore.

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Post ID: @7gby+FZ2YRrW

nice post, bro. if you love the industry, you will find a way to stick around. Or maybe work peripherally until a slot opens again in your specific discipline.

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Post ID: @7xhx+FZ2YRrW

Nice post. I couldn't have said it better myself!!

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Post ID: @ehd+FZ2YRrW

Amen! Lol on the whole threat especially that it will get better than shitty again. I have 24 yrs experience 12 in O&G and to your point about out reach. It 100% got me the job I now have. I never even thought about it in those terms, but people remember. I was going to get shit canned and got a call from a group I worked with. They offered a position. Even going to far as tentative for 60 days......giving me time to get a severence! They apologized about the pay and bennies. I scoffed at that and said this was truly a miracle. My daughter will be a senior, my mother is terminally ill....and I don't have to move! Great great job! Your post is 100% correct my friend! The greedy self absorbed bastards are about to go through hell and back. Not a wish but a fact.

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Post ID: @eve+FZ2YRrW

Awsome !!!!

Totally enjoyed the read!

Thank you!

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Post ID: @qej+FZ2YRrW

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