4.0
3 Feb 2016
A company with good people but faced with challenges to their business model.
Former employee, more than 10 years
Houston, TX
Recommend
CEO approval
Business outlook
Pros
Co-workers were competent, many were very capable. Recent immediate supervisors were very good. People helped each other and worked together when needed to solve problems. Had the resources necessary to work.
Cons
Previous CEOs and top management made some very costly acquisitions which required half the company to be sold. The company is focused on seismic data acquisition and processing for oil and gas exploration. There is little demand for that now because fracking has flooded the market with oil and gas. In the near future , global warming, climate change, and the environmental cost of fossil fuels will encourage the development of sustainable sources of energy and depress the demand for fossil fuels.