Denver-based Extraction Oil and Gas Inc. (Nasdaq: XOG) laid off 20% of its statewide workforce, a little over 60 people, eliminating jobs at its downtown headquarters and field operations in the The oilfield services sector ended last year with a bang. No one likes making layoffs or sidelining expensive equipment. Still, tough decisions like these are necessary to turn a profit in After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from Business Houston Oil And Gas Jobs Set To Decline Through 2020. Tighter capital markets and declining rig counts are set to wipe out most of the job gains in the sector since January. Oil Layoffs Hit 100,000 and Counting Like many other oil-field workers, Chris Sabulsky spent years working a schedule known as “14 on, 14 off:” two weeks at an oil or gas well somewhere Capabilities Engineered to Handle the Most Technically Demanding Reservoir Challenges. NexTier was born of the shale revolution. Developing and delivering innovative solutions for the most demanding basins throughout the US remains our primary focus.
Devon Energy has laid off 40 employees in Oklahoma City, citing ongoing efforts to refocus and realign the company according to its long-term strategic plan to
6 Dec 2019 — In its latest round of job cuts this year, Halliburton Co. is laying off 70 employees at its Bakersfield plant as the U.S. oilfield services firm 6 Apr 2017 About 35% of the total workforce of the world's top 50 oil field services companies was laid off during 2014-16, research from oil and gas 2 Dec 2019 And the second-biggest US oilfield service company, Halliburton said on Monday it's laying off more than 800 people at its operation in the 31 Jul 2019 Employers have announced 330,987 job cuts in the first half of this year Although Whiting produced a similar volume of oil and gas in the 9 Oct 2019 The layoffs are not a surprise. Minimal activity means less need for oilfield services,” she said. Reserves in that part of Colorado are more gas-rich 9 Mar 2015 Houston-based TMK IPSCO plans to lay off 78 workers at its oilfield equipment plant in Odessa in May, according to notice from the company to
About Schlumberger Ltd.: Schlumberger is a large oilfield services company. As of 2018 the company employs approximately 100,000 people and is present in 80+ countries. The main USA location is Houston, Texas. Schlumberger moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995 (at the northeast corner
Oilfield Layoffs – Employers May Have a Duty to WARN1. In less than end of the year.2 As oil prices fall, energy companies are forced to lay off more and more. 5 days ago Oilfield service job cuts expected. Between 1,500 and 3,000 oilfield service jobs could be on the chopping block in the next two months, All employers that fall under these requirements, oil and gas employers included, must give their employees at least 60 days' warning before a layoff. The WARN Tuesday, February 18, 2020 TGS has appointed Fredrik Amundsen as its new chief financial officer. Sheridan Production, Extraction Oil and Gas Reveal Layoffs .
The Texas Oilfield Slowdown Is Approaching Explorers and producers are constrained by the reduction in capacity for borrowings and an increase in the cost of capital. Also, explorers are facing constant pressure from investors so that they focus more on providing higher returns instead of production growth.
Glassdoor gives you an inside look at what it's like to work at Rubicon Oilfield International, including salaries, reviews, office photos, and more. This is the Rubicon Oilfield International company profile. All content is posted anonymously by employees working at Rubicon Oilfield International.
15 Nov 2016 For oil-field workers, that means the hits have kept on coming. About half of the 20 biggest layoffs that have struck the sector since the downturn
After 350,000 Layoffs Oil Companies Now Face Worker Shortages There could be a growing shortage of skilled workers in the oil industry. That may seem counterintuitive in an industry that has been About Schlumberger Ltd.: Schlumberger is a large oilfield services company. As of 2018 the company employs approximately 100,000 people and is present in 80+ countries. The main USA location is Houston, Texas. Schlumberger moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995 (at the northeast corner Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News Schlumberger, the largest oilfield service in the world, is responding to the ongoing shale slump by selling underperforming businesses, stacking frac fleets, closing locations and laying off