re: Houston Hilcorp gives every employee $100k bonus.

I went to school with his son who no doubt works at that company. They were loaded back then as well.

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Seriously, WTF. As a vendor of theirs, I'm scratching my head to figure out why we were strong armed into lowering our rates earlier this year.

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Because they got the best of you in a business transaction and saved money?

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If you don't pay your bills as agreed upon or within terms, I'll run your arse off.

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I have "fired" some of the clients I get work from, and as scary as it is, it always ends up for the best. I still have one that is slow as hell to pay but they always eventually pay. I keep them around because the volume is too much to let go of. I feel like an abused whore at times but a well paid one.

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I keep them around because the volume is too much to let go of

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I did that with one, but when I was able to replace them, I did.

Slow payers aren't a big deal when money is cheap, you just can't let them get into your back pocket too deep.

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The perks of working for a private company, no dumbass shareholders.

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Say that to the people who work for Koch owned companies...

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They recently completed a huge well about 1/4 mile from my property, which they claim is not in the Unit.

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Well if you didn't receive a ratification of unit document to sign or if your lease didn't have a pooling clause, or pooling was not sought after in regards to your mineral estate, or your division order did not contain any ratification language, then you aren't in the unit. Drill site location is irrelevant these days with horizontal wells. They can stake out a drill site miles away from where they are actually extracting from.

That, plus these companies know what they're doing. Those drilling units are strategically placed to maximize THEIR revenue.

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$39 a month. Rolling in it

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Commodity prices are a bitch right now. Oil was at $39 a barrel earlier this week. Hang in there...it will eventually rebound.

I'm jealous

That's awesome. Put that shite in savings.

About 4 years ago they bought every employee a brand new car $40k value. They also don't layoff people during downturns.

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What rates are they renegotiating that y'all are talking about?

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Labor and materials rates for service companies.

At the start of the year they asked for reduced rates so they could "keep the budget straight". Everyone knew they were a healthy company, and are likely using the fact that other producers were demanding similar reductions to their benefit. Something like this just proves that to be true.

I really don't blame them, it capitalism at its finest. I just can't see myself pulling something like that on my vendors if the situation was reversed.