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P2 Energy Solutions Reviews

Updated February 10, 2018
136 reviews

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2.7
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P2 Energy Solutions CEO Scott Lockhart
Scott Lockhart
11 Ratings

136 Employee Reviews

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Pros
  • There is a good chance yet for P2 to reinvent itself and build new strength in the oil and gas market (in 9 reviews)

  • Good work environment with friendly people (in 15 reviews)

Cons
  • As well as zero desire to invest in any industry other than oil and gas (in 8 reviews)

  • Have not had much in the way of interaction with senior management (in 5 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (2)

    "Positive place"

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

    I have been working at P2 Energy Solutions full-time (More than 3 years)

    Pros

    The people are great, wellness program, RTD pass, and great PTO package.

    Cons

    Pay can be below market

    Advice to Management

    Keep communicating openly and working on P2 Way


  2. Helpful (3)

    "Great Company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Houston, TX
    Current Employee - Project Manager in Houston, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at P2 Energy Solutions full-time (Less than a year)

    Pros

    Company is really focused on helping employees be successful. Several surveys a year are used to help ensure the voice of the employee is heard.

    Cons

    401(k) plan needs better funds to invest in.

    P2 Energy Solutions Response

    Nov 21, 2016 – Recruiting manager

    Thank you so much for your positive comment and for recognizing that we want to hear the "voice of the employee". I do want to clarify some information about the P2 401(k) plan. It currently offers... More

  3. "Good Company that is working to improve"

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

    I have been working at P2 Energy Solutions (More than 10 years)

    Pros

    People and teams are focused on delivering good products
    Good benefits and a positive work environment.
    Implementing High performance culture and holding colleagues responsible for their actions (not always appreciated by underperforming people).
    Implemented and trained development teams on SAfe Agile practices.
    Experienced employees that know both software development and oil and gas datasets.

    Cons

    Company is often affected by the ups and downs of the Oil and Gas industry
    High turn-over of the Senior Executives – new CEO seems to be working in the right direction.
    Under pay of entry and junior level positions

    Advice to Management

    Continue the Agile practices within the development groups and work to get support for this throughout the company.
    Focusing on integrating old products to create end-to-end workflows – start with a new product that takes the best of each systems functionality and build from the ground up.
    Remember that P2 is a software development company – without innovation products will be dropped for newer technology.
    Company needs to focus on the improving Product Management team.


  4. "P2 could have great potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Denver, CO
    Former Employee - Anonymous Employee in Denver, CO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at P2 Energy Solutions full-time (More than 3 years)

    Pros

    Great people, and great ideas. I didn't meet anyone at P2 whom I did not get along with, and my immediate supervisor was amazing.

    I got the feeling that the people doing the actual work really wanted to do a good job.

    Benefits were rather decent. A great 401(k) plan and a decent health plan.

    Cons

    Above all, I left P2 because they couldn't pay my market salary. I even had my boss pushing for a higher salary, but it never materialized.

    The largest frustration with P2 was that each department and product team worked in silos. Getting help from other departments was nigh impossible, and only happened when upper management got involved.

    Unfortunately, getting upper management involved in anything was very difficult. Additionally, most of the upper management either refused to listen to concerns brought up by the lower rungs of the ladder, or they listened and blatantly blew off your concerns.

    There was lots of talks about how to improve things, but nothing ever actually improved.

    Advice to Management

    Break down the walls between departments and modernize your software.


  5. "Good starter job but not forever"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at P2 Energy Solutions full-time

    Pros

    Good benefits, PTO, friendly employees

    Cons

    Low pay, not much communication between upper & lower level employees, drab office environment,

    Advice to Management

    Treat your employees with respect. I think talking to us like we are children can really put people off.


  6. "two thumbs down"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at P2 Energy Solutions full-time (More than 10 years)

    Pros

    The smiling, happy admin assistant greets everyone with enthusiasm. A friendly generation of employees about to retire. Free food after meetings.

    Cons

    Culture. Products. Management. Low pay. Turnover. Built by acquisitions. Dishonest self promoters. No investment in acquired products. Only the good news travels up.

    Advice to Management

    Resign!!!


  7. "Great company if you aren't too concerned about money"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Denver, CO
    Current Employee - Software Engineer in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at P2 Energy Solutions full-time (Less than a year)

    Pros

    -Good starting PTO
    -Can work from home
    -Friendly and helpful co-workers
    -Great location
    -RTD pass
    -Pretty good benefits
    -Yearly bonus, provided company is doing well
    -Company is pretty active in trying to improve

    Cons

    -Pay is below market and raises are underwhelming
    -Little interaction with your actual manager; instead you spend most of your time with (and get most of your feedback from) scrum master and product owner. Unfortunately, these are not the people in charge of evaluating you, which is frustrating.
    -Outdated tech and poor documentation can make learning the system a slog.

    Advice to Management

    Be more transparent with feedback on job performance and offer clear paths to larger raises.

  8. "Decent company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Positive Outlook
    No opinion of CEO

    I worked at P2 Energy Solutions full-time

    Pros

    Decent company. Good handle on the market

    Cons

    Private equity owned. Has frequent ownership and leadership changes


  9. Helpful (1)

    "No way out..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at P2 Energy Solutions full-time (More than a year)

    Pros

    Good people, good compensation, market has opportunity

    Cons

    No way to grow with current investors

    Advice to Management

    don't really have any good advice. It's a tough situation.


  10. Helpful (3)

    "Who runs this place?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Withheld in Denver, CO
    Current Employee - Withheld in Denver, CO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at P2 Energy Solutions full-time (More than 8 years)

    Pros

    Pros change depending on the region / country you work in. Despite the title there are many pros about the P2 Way. Some offices in different countries are relaxed and have nice people. Many build a cooperative culture with social events.

    Cons

    The "No Compete" clause will lock you out of working in a similar industry for a period of time when you eventually leave P2. It is encouraged to review that clause before you sign, especially if you work in the US.

    Many people complain that they do not get paid properly or on time. Or, the right amount.

    There is a general lack of leadership. In the last 3 years there have been 4 CEO changes . (5 if you include a temporary board member while they figured out how to manage the portfolio).

    Unfortunately, as a result P2 are employing, and overpaying new executives who have no experience in the industry. Remember, P2 is owned by an equity company so it is only 1 portfolio of many.

    Attrition - As a result of the above people are leaving P2 because they are either tired of the lack of leadership, the way they are treated, or they just don't believe that an equity company can constantly shrink P2 resources and still flip it for a profit.

    Advice to Management

    Hire people who know the industry
    Pay people on time and correctly
    Consider the market
    Don't let execs fire good people just so they meet EBITDA target and get compensated
    Don't let services teams get measured on utilization alone. A project that runs over budget can still provide a bonus to that worker, that's poor management!
    Monitor flights for execs if there they gain personal tax benefits for flying out of country, remember it still affects your EBITDA.


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