Poor management protecting their own pockets at the expense of their workers. To have done a layoff right they v would have started in Houston cope rate offices and then worked their way through Conway Arkansas. They are making a small bandaid that won't last long. Darker days are on the horizon as well as many more layoffs.
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Steve's track record...for the record...
SWN CEO 19-May-09 6-Jan-16
CDX Gas, LLC Executive Vice President Sep-07 May-08 A bankruptcy judge has approved a $29.3 million sale of assets of bankrupt Houston-based natural gas exploration company CDX Gas LLC to EnerVest Energy Institutional Fund LP. (July 9, 2009)
The Houston Exploration Co. PRESIDENT/COO 2001 2007 acquisition by Forest Oil in 2007
Belco Oil and Gas Corp.
Senior Vice President of Exploration and Production 1996 in the first part of 1997 the company was unable to match the growth it had achieved in previous years. In 1996, Belco had started hedging its bets on oil prices, mostly through Enron. The bets worked out as long as oil and gas prices stayed low. But when prices rose, Belco was out of luck. it paid Enron $33 million under these complex hedging arrangements, and it had to take a hit to its income statement of more than $100 million.
American Exploration Company Exploitation Vice President 1992 1996 Merged with Louis Dryfus just before takeover bid by Pennzoil 1997
You people are idiots. Everyone said there would be layoffs today. There was not layoffs today. SWN is doing good. Everyone quit complaining and do your job. You will be fine.