The only firm offers we have had are for our Eagleford assets. It would be great if we could sale Wyoming, Colorado, and Gulf assets but water flood, well bore repairs, and production declines will put them off and they won't close!
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Merit Energy is private equity so they will be more focused on improving operations to enhance profitability. It is also likely they will be more focused on updating and expanding the existing infrastructure and assets acquired. Finally, with all the cuts Marathon made to the Wyoming workforce it is quite possible that no additional cuts will be made, but we will have to wait and see.
Wyoming is glad to be rid of Lee and Marathon.
Evidently Merit Energy wants to expand their footprint in Wyoming. Good luck to those there. It will be quite different experience working for Merit.
The difference before was that your VP could give you a 2 and extra bonus and could give someone else a 1 and less bonus. This effectively doubled the opportunities for recognition. There was also a higher percentage of 1's and 2's. The new system is much more rigid and winner takes all. The consequence is that a lot of good employees will leave. I assume Lee and Deanna do not care, as nothing they have done or said suggests otherwise.
There's no such thing "as before forced rankings". In the past, the Company has simply denied that fact. What were normalization meetings all about if not forced ranking?
Ones lucky enough to work on high profile projects tend to have an easier time getting high ratings... This was even evident even before forced rankings.. It just never made it beyond your VP.. but was used in your own department/division
Game-Set-Match. Watch anyone who spent even a day working on the deal, if they are still around, grab up the high ratings while the rest of the employees are told they are "relatively" mediocre. Blue Jeans and her all-stars once again demonstrate their system is a game changer.