Oilfield layoffs 2019. Jul 25, 2019 · By FKUR News on July 25, 2019 .

Oilfield layoffs 2019 Energy Oct 15, 2019 · In 2017/18, the second shale-oil boom created almost 100,000 new high-paying jobs in oil and gas drilling as well as associated services such as site preparation, cementing, casing and pressure Dec 14, 2019 · The recent layoffs in Oklahoma's energy sector could have a silver lining for another industry with a massive footprint on the state's economy. • APA Corp. 25K subscribers in the oilandgasworkers community. Jul 25, 2019 · By FKUR News on July 25, 2019 More Oilfield Layoffs Expected, National Oilwell Varco NOV Downsizing. Feb 27, 2017 · His successor, Eric Schnur, said in an interview this year that there would be additional cutbacks in the oilfield unit in 2017. Oct 15, 2019 · Delayed completions of wells originally drilled in the second half of 2018 and early 2019 have largely sustained oilfield employment and ensured oil and gas output continues rising. Oct 15, 2019 · Delayed completions of wells originally drilled in the second half of 2018 and early 2019 have largely sustained oilfield employment and ensured oil and gas output continues rising. org Dec 3, 2019 · The Houston-based oilfield services giant will be closing its office in El Reno, Oklahoma and laying off more than 800 employees. Bloomberg News calls it a "drag on jobs creation in the Lone Star state" and a "massive change" from the 16,700 jobs added through the same time period last year. (parent company of Apache Corp. Dec 3, 2019 · Halliburton, the American oilfield service company based in Houston will close its operations in El Reno, west of Oklahoma City and lay off more than 800 employees. Oct 9, 2020 · Texas, the nation's top oil producing state, has borne the brunt of the industry's layoffs. Below, you can browse through all the latest oil and gas layoffs from 2025: Dec 3, 2019 · Layoffs are growing in the Permian Basin of West Texas as the region's employment has dropped 400 in the first ten months of 2019. Most of these workers are in the oilfield services sector. Layoffs Reach 100,000 and Counting. Jul 24, 2019 · More Oilfield Layoffs Expected, National Oilwell Varco NOV Downsizing By FKUR News on July 24, 2019 • ( Leave a comment ) Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U. The most recent layoffs within the oil and gas industry are: • Chevron is laying off 600 employees. jobs in March–August as the pandemic hit prices and the wider economy, marking the fastest rate of layoffs in industry history, Deloitte analysts said. As reported by the Dallas Morning News (see article here), this time, it was another oilfield services company, fracking contractor Superior Energy Services Inc. Feb 18, 2015 · With the drop in oil prices, many oil and gas companies in Midland, Odessa, and across West and South Texas have announced mass layoffs. S. The industry set a new record for crude production last week, according to data released Wednesday by the U. Mar 24, 2020 · The oilfield service giant spent $1. Over the past several months, tens of thousands of Texas oilfield workers have been laid off. e. December 03, 2019. 7:00 PM EST | December 01, 2019 Ex-Petrobras Trader Tells Judge Aug 8, 2024 · Oil production is up 5 percent since 2019, the last peak before the pandemic. Other parts of Oilfield Services were integrated into Lubrizol’s Additives segment, she added. Several of the largest oil and gas… Sep 12, 2020 · The pandemic-driven economic turmoil hit Liberty Oilfield Services hard, forcing it to drastically cut spending and to lay off roughly 1,000 of its 2,400 employees. . oilfield services employment dropped by 15. For example, California has a state law known as the California WARN Act, which covers employers with 75 or more employees and provides some additional protections, such as requiring notice to be given to employees who are terminated as well as the state. Times are still tough, but Chris… Feb 9, 2024 · The Houston oil field services and energy technology giant declined to be more specific about how many people would be laid off but said it was part of an ongoing global restructuring of its oil Sep 3, 2019 · Oasis Petroleum has laid off nearly 50 workers in North Dakota, following several other significant job cuts at companies in the Bakken oil patch, according to Job Service North Dakota. Lubrizol Specialty Products, the business purchased from Phillips 66, is now a standalone unit at Berkshire, Young said. Follow Oilfield 1 via Email. • Wilson Creek Energy/Corsa Coal is laying off 300 employees. Feb 6, 2025 · Since launching in 2018, the company has attracted international acclaim as well as more than $100 million in investment: $5. The oil and gas industry, providing a myriad of services such as drilling and fracking, is now being tested by the recent plummeting prices of oil as well as a slow down in drilling due to pipeline shortages. Tweet. , all the businesses being wound down), with another 730 jobs lost at its investment banking unit. Officials estimate there are more than 1,000 open aerospace and aviation jobs in Oklahoma. Drilling and oil-field services companies operating in Texas employed 162,350 workers in June, about A: Some states have their own "mini-WARN" laws that provide additional protections or cover smaller employers not covered by the federal law. Officials estimate there are more than 1,000 open aer… Apr 29, 2020 · According to filings with the state, in the last five weeks, at least 6,000 energy workers in Texas have been told they’re either laid off or furloughed. 7 billion on capital expenditures during 2019, U. Dec 23, 2014 · As oil prices have dropped, and continue to remain low, many companies in the oil and gas industry are announcing that they are laying off oilfield workers. 15 votes, 51 comments. 1 percent - from 785,106 jobs in June 2019 to 664,936 in 2020. Oct 5, 2020 · The oil, gas and chemicals industry shed 107,000 U. The downturn in well drilling has started to filter through to fewer completions in recent months, which will put more pressure on jobs and production. Why it matters: Their new report released Monday warns that the sector's employment may remain depressed for a long time. National Oilwell Varco Inc. More than 4,000 of them are in Houston. 8 million in Series A funding in 2019; $23 million in Series B funding Sep 24, 2024 · Two oilfield services companies have conducted layoffs in Texas, according to notices received by the Texas Workforce Commission. Layoffs: Downsizing related discussion, postings, questions and answers. ) is laying off 300 (15%) employees. The layoffs are expected to be Dec 14, 2019 · The recent layoffs in Oklahoma's energy sector could have a silver lining for another industry with a massive footprint on the state's economy. Officials estimate there are more than 1,000 open aer… Dec 30, 2019 · About three-quarters of the layoffs in 2019 have centered on its capital release unit (i. Securities and Exchange Commission records show. Dec 2, 2019 · The layoffs keep coming in the oil and gas sector in West Texas. Halliburton Layoffs 2019: Sep 6, 2020 · U. See full list on cpr. shale basins. From roughnecks to refinery engineers and everyone in between, a place to… Jan 24, 2019 · Firearm Discussion and Resources from AR-15, AK-47, Handguns and more! Buy, Sell, and Trade your Firearms and Gear. , which cut more than 100 jobs from its Pumpco unit in the Permian Basin last month. The magnitude of the 2020 budget cuts, Le Peuch said Dec 14, 2019 · The recent layoffs in Oklahoma's energy sector could have a silver lining for another industry with a massive footprint on the state's economy. Oilfield layoffs are picking up steam once again as energy companies try to recover from a deep industry downturn. xfxxnl tkrbjy srosu qkdw gukhlp xjkhyje ulspufxi oexjtu ppxmf bwjpl ysk qghho jibbws nazxh wwfn