You guys are so stupid
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I heard it was farmers market makin a run at it
I think your right!
We have less than 550 in San Juan so 55% of employees are kept and 45 get the boot huh...wow what happen to our main cheerleaders predictions of 85% if big company and 65% retention if a small company....bs
WPX and parted out 3 ways!
All employees go with new buyer, then the layoff with no serverance begins. Excellent COO move.
300 is probably 1/4 of our workforce.
300 employees is only 54% of our current workforce
Pioneer and XTO were probably the top two bidders for San Juan. In typical COP fashion, management, drawing on their highly trained negotiating tactics (thank you GAP Partners) has told each company to, "sharpen their pencils" and come up with a higher offer. Either company would be better to work for as both companies are more financially stable. Worst case scenario is BP is the purchaser, which will continue the long, slow, death spiral for the San Juan Basin. BP does very little, very slowly. My best wishes to all the folks left in the former SJBU. The good news is the asset was marketed to include taking on 300 employees.
Exxon is all about Permian now! Not SJ
I don't think that ExxonMobil will be buying San Juan when they can invest that money in something better
Nope its XTO
Either one would be a good company to work for (emphasis on work; they know how to get it done and make money; may be a challenge at first for a COP employee)
It's not xto, its Pioneer!