guess someone said something a little to mean spirited in the thread. I didn't get to read. Can someone paraphrase for me what it all said?
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Many Plano employees feel it is time to eliminate the cafe and were expecting it. Maybe when the contract is up?
Many Plano employees feel it is time to eliminate the and were expecting it. Maybe when the contract is up?
Well said and I hope you are right about the shale oil.
Everyone has a place...the field keeps the wheels turning and the technical staff figure out where to put the new wheels. We are all in this together. No one foresaw this lower for longer oil price. The technical staff was kept longer probably in hopes of oil price rebounding sooner and enabling the company to plan where to invest in the next wheels once things turned around. That turnaround hasn't happened so now it's time to cut the professionals. At the end of the day, it's this elusive and uneconomic shale oil that is harming the industry. Investors don't understand what they're investing in and I would argue the companies themselves don't fully understand the physical phenomenon occurring in the reservoir. By this time next year, I think things will look very different. In a positive way. Shale oil is about to start cutting back again because they can't actually live with sub $50 oil. PXD won't be the only ones laying down a couple rigs in 2018. All the hedges and easy stock offering money is coming to an end.
Let's not make this a "field vs Plano" conversation. As much as we need good field personnel to keep the oil flowing, we also need good engineers and geologists to find and profitably develop new assets to ensure that the company grows. What was it CK said? We need to be profitable, sustainable, and able to grow.
As to the café, I think it paid for itself when oil prices were higher. But in this price environment, it's definitely worth re-assessing whether the benefits outweigh the costs.
The cafe was always a drain. Field personnel has always supplied their own lunch, usually brought from home. Field personnel has always took the blunt of the cut, trucks taken away and have to make numerous trips from home due to being called out at night, no mileage reimbursement, nothing! Have to drive to schools and meetings some a few hours away, no reimbursement. Quite a few have to work days off due to being short handed from last cut and covering for other people that are on vacation or sick.
It's been known that the office was over staffed, I'm sorry that some lost their job and that's never a good thing. Others that received a bump down, I just keep opinions to myself.
Just close the Café and make the space another conference room.
I thought that the "name" mentioned was simply a reference to a fairly well-known diet plan.
Used a name. Basically something about a cash box to pay for a spam sandwich, to which a field person, appropriately, reminded that while they are the ones that get oil out of the ground, they have no cafe to worry about.