Energy companies detail hundreds more layoffs
Monday February 1, 2016
More on the oil crash:Â
- Chevron delays big projects, plows the Permian Basin
- Phillips 66 profits plummet 43 percent
- $230 billion in oil projects mothballed because of cheap crude
HOUSTON — Companies detailed more than 900 energy industry job cuts across the state to Texas regulators, as the industry continues to struggle amid low prices.
The cuts affect both production and oilfield services companies, according to Texas Workforce Commission data released Monday.
A look at cuts reported:
Southwestern Energy Co., a Houston-based natural gas producer, said it will lay off 376 workers from its Spring, Texas offices by March 22. Southwestern had previously announced plans to shed 40 percent of its workforce or 1,100 jobs total as it adapts to low natural gas prices. The driller said in January it expects a $60 million to $70 million pre-tax charge for severance payments and other costs related the full reduction.
Quicksilver Resources Inc., a Fort Worth-based oil and gas producer, said it plans to lay off a total of 164 workers in Tarrant, Somervell and Denton counties. Quicksilver filed for Chapter 11 bankruptcy protection in March 2015.
Maersk Drilling USA, a branch of the Copenhagen, Denmark-based rig operator, said it had already begun notifying 80 employees that work aboard the Maersk Developer that they'd be laid off. As recently as the...