Denbury Resources Inc. Layoffs

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Topics regarding layoffs at Denbury Resources Inc.

Frying Pan to Fire

How many do we think put in their notices today since we got our bonus? Be careful not to jump from the frying pan directly into the fire. Grass is ALWAYS greener on the other side.
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573 views | 10 replies (last )

Note exchange agreements

What does the announcement that Denbury has entered into note exchange agreements mean for Denbury employees?
by | Post ID:
782 views | 5 replies (last )

Laid off employee

I was laid off the third round of cuts, it turned out to be a blessing. I’ve landed a job more than doubling my monthly income with Denbury. I have a lot of friends that are still with Denbury and I wish them all the best!
by | Post ID:
673 views | 4 replies (last )

Have my second interview at Pioneer

Too many in HR with the CPA talking about us making too much. We can't afford to lose even more pay than we already have with our stock and bonus cuts. Pioneer is the same Drive for me and they're not slashing their people or cutting their pay.
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1381 views | 7 replies (last )

Morale is low at Denbury

I am busting my a-- as well, but I also am getting frustrated. I talk to my peers at other O&G companies in DFW and Houston and, while everyone is dealing with the new reality of $50 oil, there doesn't seem to be the demoralizing environment that we... read more
by | Post ID:
1038 views | 3 replies (last )

"Job Elimination" the new Layoff by our CPA HR

Just watched 2 well paid good older workers get walked out today. Their jobs were eliminated. We just hired someone last month (young and cheap). Twice now. No more big layoffs, just small ones you never see coming. HR made sure management couldn't... read more
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2345 views | 23 replies (last )

Out the door!

Sounds like quite a few engineers are making a run for it. Looks like it's time to split before your workload doubles...
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1017 views | 5 replies (last )

Mass exodus?

But oil is at $50.. there are no jobs out there! Surely, no company is profitable in this environment; you should be thankful to have a job.... blah blah blah.. At least that is what they have been feeding us. This is what happens when you keep... read more
by | Post ID:
951 views | 1 reply ()

Unemployment Benefits 8/10 RIF

If you were impacted by the last RIF, please comment and advise whether or not TWC has approved your unemployment benefits. Myself and several others have been denied until our severance weeks end while others are receiving payment. This is... read more
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922 views | 3 replies (last )

Who else has doubts?

After the promotion announcement and more I really doubt the cost savings lines. We laid off only to promote and I'm sure give raises to new VIce Pres? I'm sure the majority of us will go on to year 3 with no raise and less bonus and benefits. I was... read more
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1869 views | 22 replies (last )

SAP IT support system total failure

we are just not getting good SAP IT support. no one knows the big picture and on top we have been asked to stay patient. this is just not working.
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1341 views | 7 replies (last )

Get Out!

If you don't like it, get out. If you don't like the new leadership, get out. If you don't like the measures being taken to survive, get out. If you're one of these people, you are a huge part of the reason Denbury is in this mess. So blame yourself... read more
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1739 views | 10 replies (last )

“It can’t go to 0.”

“It can’t go to 0.” Paste this chart to your wall and look at it every time you have that thought. /
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785 views | 1 reply ()

Gareth Roberts and TPG

I read an artical years ago, I think it was written for the WSJ, as Gareth left. It read Denbury would not survive, and the only way Denbury would make it, is if Gareth came back to run Denbury . TPG was a major player in the Gareth era . So maybe... read more
by | Post ID:
1457 views | 7 replies (last )

Denbury is a shadow of its former self

I'm on the hunt and hoping to find something before things get any worse. It is really, really sad though. Denbury used to be a great place to work, far better than anywhere I was before. Now they are slowly chipping away at our income and benefits... read more
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1271 views | 3 replies (last )

Denbury Declares Bankruptcy

What's the likelihood that we'll be declaring bankruptcy in next 6 months? What are your thoughts?
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1323 views | 3 replies (last )

Who will do the work?

There will be so few employees after the next layoff in 2018 that the remaining staff will have to work 7 days a week just to keep up, That is unless DRI can start selling off fields such as Conroe and most of the So. Houston fields, Thompson... read more
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987 views | 1 reply ()

Shareholders celebrate layoffs

It's sad when shareholders rejoice at news of layoffs. So many overpaid managers who still receive bonuses in Denbury, but hey, that's not the issue, it's the regular employees who are the true leaches! Damn it, this makes me angry... read more
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1321 views | 5 replies (last )

Worst run of layoffs

This was the worst run layoff ever. Nobody in HR knew what was going on and when I would finally get someone to give me an answer, it was wrong (2 times). I don't agree with who I was told had to be laid off. It wasn't the people I said. They weren't... read more
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1587 views | 7 replies (last )

Healtcare options after COBRA runs out

As part of the severance package, there should be several months of COBRA coverage available. But when that runs out, if you don't have a job with benefits (or a spouse with one), here are a couple of options that I'm aware of... read more
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903 views | 1 reply ()

Don't give up hope

One geologist already has a job offer. There are jobs out there, so be sure to apply to as many as you can, and network. And don't forget that you can immediately apply for unemployment, even with a severance package.
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1147 views | 2 replies (last )

Cafe comments

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?
by | Post ID:
1632 views | 9 replies (last )

A lot of the cuts make no sense

Why lay off so many dedicated, lower paying positions and keep most of the over paid management? They still haven't figured it out. New leadership failed just like the previous. We could have saved twice as much with a smaller headcount.
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2807 views | 12 replies (last )

Today and tomorrow

When one door closes another opens. Keep the faith! and network....this could be a good thing as it was for us after the earlier one.
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628 views | no replies

Don't know about you but I feel better already

The last 7 days and really the last 3 years since my divorce have been rough. I appreciate the severance package and am excited to get back to enjoying life. I wish everyone who got let go today and those who didn't the best of luck!
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1886 views | 7 replies (last )

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