Chesapeake Energy - Once was a great place, then things went downhill quick. | Glassdoor
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There are newer employer reviews for Chesapeake Energy

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"Once was a great place, then things went downhill quick."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Landman in Oklahoma City, OK
Former Employee - Landman in Oklahoma City, OK
Doesn't Recommend
Positive Outlook
Disapproves of CEO

I worked at Chesapeake Energy full-time (More than a year)

Pros

Gym is nice, for $20 a month.

Cons

After Aubrey time, things got tight, less perks. Lots of stress of getting laid off, sold off and canned. Lots of paranoid employees unsure on what the future entails. If laid off they don't vest your 401K unless you have reached their 5 years.
15% 401k match is a joke, they give you 20-25% of it each year after it's earned. The golden handcuffs keep you from wanting to leave, because there will always be money left behind. I only got to keep a faction of my 401k match. Same applies to Stock bonuses, if you leave on your own terms they get to keep all the unvested portion, which is a lot.
They got rid of the garden but had to place it back due to land contract from purchase, otherwise that would have been closed too. Any small little benefit that helped them reach Forbes Best, pretty much went away.

Advice to Management

Be more open with employees and people wouldn't be leaving and searching for other opportunities. Even when management tried to be open, the comments where vague and untrustworthy.

Other Employee Reviews for Chesapeake Energy

  1. "Great place to work if you can keep up with the work pressure and competitive co-workers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Field Geologist in Douglas, WY
    Former Employee - Field Geologist in Douglas, WY
    Recommends
    No opinion of CEO

    I worked at Chesapeake Energy full-time (Less than a year)

    Pros

    - great salary
    - one of the very few companies that offered rotational work = work/life balance
    - very thorough initial training
    - rotational promotions through QC, remote logging and remote geosteering
    - $250 additional credit to buy merchandise

    Cons

    - very tense atmosphere. mudloggers would worry about getting fired after a simple number switch on a well name in a report.
    - would fire people for the smallest things
    - introduced tests to basically weed out the more inexperienced (4 months in) and less knowledgeable mudloggers. had to get more than 80% pass the first time, then 90% pass the second time. if failed both times, you get terminated. knew many people who barely scraped a pass the second time round. or would take pictures of the questions the first time so they revised for the second time. some mudloggers had much earlier deadlines than others to complete the test.
    - pressure from geologists who'd complain non-stop

    Advice to Management

    that was back during Audrey McClendon's management so not very familiar with the current management.


  2. "Laid back culture with a sense of urgency."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Chesapeake Energy as a contractor

    Pros

    The company has a very young and energetic vibe to it and the amenities are top notch. The people are friendly, the restaurants are great, and the information and technology available leads to a very productive and fast-paced work day. I haven't dreaded a day of work since being at Chesapeake.

    Cons

    As a contract landman, some of the amenities aren't available to you (fitness center) and at times you can feel like an outsider. Also, it seems difficult to get hired on after being a contractor because you are rarely checked on or monitored, which has both pros and cons.

    Advice to Management

    I haven't had much interaction or been impacted by upper management, but with how they have gone about restructuring the company and trying to capitalize on the assets they already have, I think the company is on pace for a return to the top.

There are newer employer reviews for Chesapeake Energy
There are newer employer reviews for Chesapeake Energy

See Most Recent

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