Thank you Mark Fischer.

According to the Bureau of Labor Statistics 215,000 people were employed for upstream oil jobs( that's us) in the US as of last October. That is a 44% increase since 2007. Why? Because oil prices allowed it to be so.

Bp and Conoco who both have upstream interest have announced layoffs but not specified amounts. Baker Hughes and Schlumberger have announced a combined 16,000 layoffs. This is just a fraction of upstream layoffs. What about Halliburton, Devon, Chesapeake?

Is it safe to say that every company that has to have a layoff is run by idiots. I don't think so. When oil prices dip below the cost of getting it out of the ground and sold they have to cut back. The only way to avoid layoffs in this situation would be to contract out everything.

So in my opinion the only thing Chaparral is guilty of is feeding my family for the last few years.

Comment! It's anonymous!

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Chesapeake got creamed last fall, keep in mind they are in natural gas business and prices have been depressed for long time. Just use that search box and you'll find their board on this site. There must be five thousand messages on that board, my brother is with CHK and I followed it closely last year. That board is very active still.

Nice post by the PR department "Thank you Mark Fischer".

It is admirable that loyal employees rally when the chips are down. That said,we cannot brush under the rug why the company is in dire straits. This is not a non for profit organization. Obamanomics will not work here and while your loyalty is admirable,it still does not excuse the incompetence which in the absence of would have eliminated this quagmire to begin with. Those companies who have been ran by competent leaders with a clean balance sheet and dry powder to burn are now foaming at the mouth in anticipation of acquiring distressed assets for pennies on the dollar. Unfortunately ,Chaparral is in the position of being the stalked rather than the stalker because of bad decisions at the top.

Thread regarding Chaparral Energy layoffs

Thank you Mark Fischer.

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