Oklahoma Oil And Gas Layoffs.
In 2011, the plaintiffs executed oil and gas leases for property in McKenzie County, North Dakota. Halliburton is laying off more employees in Texas and Oklahoma as the company adjusts to negative changes in the global gas and oil. The Devon Energy Center (also known as the Devon Tower) is a 50-story corporate skyscraper in downtown Oklahoma City, Oklahoma. The company has some 12,000 employees in all, which is significantly more than rival oil and gas companies such as Devon Energy and Lawler's former employer Anadarko Petroleum. com Pandemic fear sand a global energy war are poised to wreak havoc on Oklahoma's oil and gas industry and in turn could cripple one of the state' s largest revenue streams. petroleum consumption has fallen to its lowest level in decades due to travel restrictions and. Oklahomans know one thing for sure: the oil business works on a boom-and-bust cycle. We need relief and reform, NO NEW TAXES!. Collections from sale of merchandise and. As states, counties and cities all across America declared disasters in connection with the COVID-19 pandemic this week, the latest WARN notice. 16030 Market St Channelview, TX 77530. OKLAHOMA CITY — The state's unemployment agency is preparing for layoffs in the oil and gas industry by providing a point of contact to the industry's companies and workers. Published: 05/02/2021. Chesapeake Energy Corp. More than 1. Oklahoma oil companies could see 'serious' layoffs in next year August 12, 2015, 5:13 PM As gas prices continue to drop, oil industry leaders in Oklahoma are gearing up for some lean months and years ahead. Great company and place to work. Output in Oklahoma's mining, quarrying, and oil and gas. The average royalty rate for landowners is at least 20%, which means that landowners' accounts get fattened by the market price of. energy layoffs fell 75 percent last month from a year ago. Facing a six-year barrage of increasingly large earthquakes, Oklahoma regulators are effectively ordering the state’s powerful oil-and-gas industry to substantially cut back the. The headquarters are located in Houston, Texas. Assuming West Texas Intermediate prices average $60/bbl, Rystad Energy projects that U. The oil and gas industry has faced contractions in recent months, with 23 percent of Texas companies in that sector reporting third-quarter layoffs, according to a survey by the Dallas Federal. The landmark Supreme Court decision gives the five tribes a say over oil and gas wells, refineries, and pipelines — including those running to the Cushing hub of the Keystone XL, legal experts say. The ConocoPhillips news came on the heels of a slew of layoffs Marathon Oil revealed on February 11, the same day Shell disclosed its oil production had. Camino Natural Resources is an independent oil and natural gas company in Oklahoma that owns more than 100,000 net acres. Hardly anyone ever does, not since the once-booming natural gas industry pulled up stakes amid a prolonged, severe slump in energy prices. In expensive fuel markets such as California, the price at the. Journal Record editor Russell Ray discusses last week's negative oil contract prices, as well as what measure the state is considering to mitigate the problem. The Oklahoma City television station K-FOR-TV reports that sources say as many as 2,000 jobs may be cut. Collection from the state sales tax and the tax on oil and gas production dropped for the sixth straight month in February, according to. "I don't know how much longer I can hold on," lamented Patel, 43. Holland Right of Way and Land Services is one of the leading national land service companies in the U. The oil industry has taken a huge hit in Oklahoma due to oil prices dropping to record lows. 3% to close at $66. Natural Gas Services Group, Inc. This is in addition to the 750 laid off in 2015. The two main oil sources in Texas are the Eagle Ford Shale and Permian Basin. (Energy News Network) ALSO: • As the coal industry hemorrhages. A 37-year old former employee of Oil States Pipe Valve awaits sentencing after pleading guilty in Oklahoma City federal court to conspiracy to steal trade secrets from the firm. Le Flore, Roger Mills, Comanche, and other counties with crude oil and natural gas activity found In Oklahoma. Workers in the oil & gas and petrochemical industries perform many high-risk tasks. says they were laid off Tuesday following speculation about potential layoffs amid falling oil prices. A $1 million federal grant promises to help rural Oklahoma oil and natural gas companies diversify in a move promoters say will create hundreds of jobs and boost the region's economy. The number may rise by month-end, the deadline for the plan proposed by the oil giant known as Petrobras. SandRidge Energy. Print Feedback. Oil / Gas / Energy Jobs in Oklahoma. Canadian News. Constantly shifting corporate goals make it impossible to actually achieve any of them. More oil, gas, power & utility equipment added daily from major manufacvturers such as Freightliner, Peterbilt, Vermeer, Volvo, Ditch Witch, Straightline, Altec, Custom Structures and more. The company's bankruptcy plan was approved by a U. 9 million barrels of oil equivalent (550,000,000 GJ. As Couponxoo’s tracking, online shoppers can recently get a save of 25% on average by using our coupons for shopping at Oilfield Layoffs 2019. Output in Oklahoma's mining, quarrying, and oil and gas. crude oil production reached a record 11. 17, 2015 Updated: Feb. A week after losing a ruling to open the sealed transcripts and documents in the multi-billion dollar divorce trial of Continental Resources founder Harold Hamm, Reuters news agency continues its coverage of the controversial proceeding in Oklahoma Cit…. "It has a lot of repercussions. OKLAHOMA CITY — Oklahoma City-based Devon Energy Corp. Rising oil prices and improving profits have not been enough to prevent layoffs in Oklahoma City and throughout the oil patch. Our distributors and stores are divided by region, with dedicated representatives specializing in their areas. As the pandemic has put the spotlight on the health and well-being of people, pursuing. 4 million b/d in 2019 and by 0. MIDLAND, Texas — Layoffs in the oil industry this year could be a sign of things to come in 2020. The downturn in the oil and gas industry, one caused by the coronavirus pandemic has led to the layoff of 185 workers at a related pipe plant in Liberty, Texas. Oil field layoffs are really hitting SLa - [quote]Jack Daniel[/quote] Since you want to use my name to act like I have made fun of people losing jobs (I haven. Monthly Permian Basin Oil and Gas Magazine single copy price is $2. If you're a CPA, an accountant, a bookkeeper, an office manager, or if you're an oil and gas operator that's doing the accounting yourself, you are who our brand new podcast is for. From employees to upper management great to work with. 1-billion dollar loss amid an ongoing shale slump in the. New Mexico is the third largest oil-producing state in the U. says the number of rigs exploring for oil and natural gas in the U. The average royalty rate for landowners is at least 20%, which means that landowners' accounts get fattened by the market price of. October 2008 to May 2013 Company Name - City, State. Warwick invests its own capital alongside its partners' capital. Nomac has been stacking rigs on our yard for the past two weeks. Marathon Oil Corp has laid off around 100 U. Houston-based Marathon — which works in Oklahoma, the Delaware Basin and the Bakken and Eagle Ford shales — raised slightly its 2020 oil production guidance to 190,000 net b/d at the midpoint. Oil / Gas / Energy Jobs in Oklahoma. [NATO Press Release] Devon Energy Corp. The Energy Workforce & Technology Council is the national trade association for the oilfield services and equipment sector, representing more than 600,000 jobs in the technology-driven energy value chain. Clinton, OK Energy, Oil & Gas Law Attorney. Oil and gas producers need to raise capital for their drilling and completion. The EIA forecasts that U. re: Oil field layoffs are really hitting SLa Posted by Asgard Device on 9/24/15 at 7:05 pm to JJBTiger2012 My own job is at risk due to O&G struggles but I'm not going to sit here and act like people owe it to me and should pay more than a commodity is worth just to help me out. As a leader in the oil and natural gas industry, we are proud to provide resources that make people's lives better every day. Layoffs happening at oil companies across the state, including the Halliburton Plant in Duncan, where. 0 million barrels per day (b/d) in 2018. By 2040, prices are projected to be $132/b. At least 350 jobs will be cut in. Halliburton informed the Texas Workforce Commission on April 7 that it was laying off the workers immediately. "If there's no oil and gas jobs, then there's also no one spending money and there's no money going into these businesses. The Texas company notified the Oklahoma Office of Workforce Development stating that the layoffs will be effective March 15, 2021. The layoffs come after several other giants in the oil and natural gas industry also cut workers to save money. 03 — down from $2. 29th, as oil prices stay below $50 a barrel. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. According to Garner, the Skelton Creek Project will bring a lot of new jobs to Oklahoma, which is something that is needed after many layoffs and job cuts in the oil industry. A survey by the Dallas Federal Reserve found that 23 percent of Texas companies in oil and gas reported third-quarter layoffs, with two-thirds of those in oil field services reporting reduced. Output in Oklahoma's mining, quarrying, and oil and gas. This is in addition to the 750 laid off in 2015. Oklahoma is a state that is rich in crude oil and natural gas and thanks to generous tax breaks for drilling firms, there has been a significant boom in recent years. Glacier Petroleum Co. energy layoffs fell 75 percent last month from a year ago. 8 trillion cubic feet). In the nation's largest oil producing state, Texas, ten percent of jobs are in oil and gas. The company also operates threading and production plants in Houston and Oklahoma. Sunoco Pipeline Crude Oil - 1-800-753-5531 Sunoco Pipeline Refined Products & Natural Gas Liquids - 1-800-786-7440 Transwestern Pipeline - 1-866-999-8975 Trunkline Gas Company - 1-800-225-3913 Canadian Emergency Response. "We're the guys that bring the fluid, gas, up out of the hole, test it, and send it off to. The number of oil and gas rigs in operation in the US is almost four times lower than it was. Consolidation drives a Denver oil company to combine with a Houston natural gas producer, creating $17B company operating in Texas, New Mexico, Oklahoma and Pennsylvania. Oil, Gas, And Fracking News Read 30May 2021 - Part 1 Written by rjs, MarketWatch 666. The layoffs are expected to …. Huffman also ask Hankins to follow the balanced energy development approach outlined in the Administration’s 2010 leasing reforms, Read more ». What it is: A Colorado-based oil and gas exploration and production company with large projects in North Dakota and Colorado. The layoffs come after several other giants in the oil and natural gas industry also cut workers to save money. As of December 31, 2019, the company had 89. He said if the downturn in oil prices persists for a length of time, more layoffs are indeed possible. Where Does Texas Stand In Oil And Gas Job Game. The affected employees work at Apache's facility at 303 Veterans Airpark Lane. XTO or its affiliates operate in all major U. Chesapeake Energy Corporation is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U. Lots of little places down in that part of OK that if oil is good everyone has a new truck and food on the table. Houston-based NexTier Oilfield Solutions is laying off several dozen workers that provided hydraulic fracturing and other services to shale plays in Oklahoma. The oil industry has taken a huge hit in Oklahoma due to oil prices dropping to record lows. Supreme Court says much of eastern Oklahoma remains Indian land About a quarter of Oklahoma’s recent oil and gas wells and around 60 percent of its refinery capacity now lie within the territory of. Natural Gas Services Group, Inc. A voluntary layoff program at state-run oil company Petroleo Brasileiro SA has been accepted by 6,100 employees. 2 Continental Resources (Oklahoma) reviews. He said if the downturn in oil prices persists for a length of time, more layoffs are indeed possible. , Civil Action No. Oklahoma lost about 500 mining industry jobs between December and January, data from the Oklahoma Employment Securities Commission show. With almost 200 Colorado oil and gas workers laid off from Halliburton, people are asking if the layoffs have anything to do with Senate Bill 181. Fuel prices influence more than just surcharges for shipping and expenses for truckers, and on this episode of WHAT THE TRUCK?!? Dooner and The Dude learned how crucial the fuel market is to keeping freight moving. Discover (and save!) your own Pins on Pinterest. "It's just a nightmare down here," said Lee Levinson, owner of LPD Energy, an oil and gas producer in Tulsa, Oklahoma. While other Oklahoma industries pay $1 in taxes per employee, the oil and natural gas industry pays $4 in taxes per employee, according to Warmington and Wigley. 3 billion in debt. There have been no reports of similarly deep cuts. , a number that's more than doubled from a decade ago, according to data kept by Rigzone, an employment company. re: Oil field layoffs are really hitting SLa Posted by Asgard Device on 9/24/15 at 7:05 pm to JJBTiger2012 My own job is at risk due to O&G struggles but I'm not going to sit here and act like people owe it to me and should pay more than a commodity is worth just to help me out. 2 percent of the workforce and losses in that sector may be offset by growth in others, said Mark Vitner, an economist with Wells Fargo Securities. Christian currently serves as Vice-Chairman of the Interstate Oil and Gas Compact Commission (IOGCC) under Chairman Kevin Stitt (Governor, Oklahoma). 25 to 27 N. In an email obtained. The oil and. Reviews from RUPTURE PIN TECHNOLOGY employees about RUPTURE PIN TECHNOLOGY culture, salaries, benefits, work-life balance, management, job security, and more. Monday June 14, 2021 - Royal Dutch Shell is reviewing its holdings in the largest oil field in the U. executives laid off about 400 employees Tuesday morning following other changes at the Oklahoma City-based oil and natural gas producer. More than 1. Oil and gas companies are cutting costs amid subdued oil. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk. 1-9 Well, C SW/4. production will increase by 1. (AP) — Jami Patel spends long hours behind the front desk of a nearly empty motel, desperate for someone, anyone, to check in. judge last month, giving lenders control of the firm and ending a contentious trial. A spokesman for the Oklahoma City-based oil and gas company tells The Oklahoman that more layoffs are expected later this year at its headquarters and some of its field locations. Energy Workforce is a trusted resource, advancing member policy priorities and providing targeted workforce development for the entire OFS sector. But the industry has been shaken by the. Halliburton Layoffs 2019: 800 Lose Jobs As Oklahoma Plant Shuts Down. Oil Gas Recent oil and gas layoffs may be indicator of things to come in 2020 A UH energy expert says the new year may be challenging as companies adjust to changing market. 2,500 oil and gas workers in Texas lose their jobs in 10-day span. Output in Oklahoma's mining, quarrying, and oil and gas. OKLAHOMA CITY — Kimray, Inc. TOWANDA, Pa. Company Overview Holland. In an email obtained. Most senior Staff (10+ years) have been cut, leaving a team that frequently does not know how to do their jobs well, let alone when they are doing the work of two people. Occidental Oil & Gas to Lay Off 900 Workers. Oil and gas workers in Oklahoma aren’t the only ones losing their jobs due to the COVID-19 pandemic and the oil crisis. Stay updated with Oil news, energy news, gas news through: articles, blogs, videos, project updates and interviews with movers and shakers of oil, gas and energy sector. Although oil prices have raced back above the pre-pandemic level of $60/bbl in recent months, producers are. Power in Cooperation is a community of people committed to the safe, responsible development of natural gas and oil. North Dakota, which had benefited from an oil and gas drilling boom, has lost jobs in mining and. Employment in the American oil and gas extraction sector appears to be bottoming out, and U. 34 in August, but drilling activity has plummeted since last year and several Oklahoma-based oil and gas companies have announced layoffs. Oklahoma is the fourth largest oil-producing state, and during the pandemic, demand for fossil fuels plummeted and oil prices cratered. Notifications of mass layoffs at Halliburton, Apache Corp. The layoffs will begin this month and be completed by May 31, said Hertz. May 28, 2021. In Oklahoma, the economy runs on oil. The Energy Information Administration (EIA) recently announced that oil and natural-gas proven reserves jumped in 2010 by the highest margin in at least three decades. With an oil dependence level of 83. The Baker Hughes county released on Friday showed only 24 rigs are active in Oklahoma, down two in the past week. , announced Thursday is will layoff 10 percent of its workforce amidst the oil and gas downturn. In total. There were an estimated 500 employees working at the Houston office. How bad could it get for oil and gas workers? Pretty bad. By: News On 6. Clinton, OK Energy, Oil & Gas Law Attorney. GE Oil and Gas INC 1150 Schwab Road, Schertz Texas 78132 830-625-1613, started a massive Laying off its permanent GE employees full time hourly and salary employees and keeping its contractors? August 16, 2017 whats going on?. Output in Oklahoma's mining, quarrying, and oil and gas. 5 percent from the same month a year ago. He just prays he's not next. Output in Oklahoma's mining, quarrying, and oil and gas. The state has lost 21. Shell announced it will lay off 2,800 workers in 2016. 1 rejected oil and gas leases. announces more layoffs The latest cuts will leave the company with about 350 employees. continues with the big finds in Oklahoma, this time reporting a four-well pad in Stephens County that produced more than 2,200 barrels of oil a day. "We're the guys that bring the fluid, gas, up out of the hole, test it, and send it off to. [The Energy Collective] Chaparral Energy Inc. The CEO of Encana Corp. Gas shortages on the East Coast have helped rally Congressional opposition to the portions of President Joe Biden’s infrastructure plan that would force oil and gas companies to pay more in taxes. Archer in Union City laid off 75 yesterday and I heard GoFrac out of Ft Worth shut down all their yards and closed their corporate office today. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. We noticed that no one has the conversations that. The hits keep on coming to the oil and gas industry this year. Hardly anyone ever does, not since the once-booming natural gas industry pulled up stakes amid a prolonged, severe slump in energy prices. When I lived in Lawton, Marlow was one of my areas I worked. Halliburton, the oilfield services giant, laid off 130 employees in Weld County last. Thanks to technological advances and untapped shale layers, U. Oil prices have stabilized after an unprecedented plunge last week, but economists are still forecasting a grim scenario for Oklahoma, which relies heavily on the oil and gas industry. Workers in the oil & gas and petrochemical industries perform many high-risk tasks. It appears another round of layoffs of as many as 400 of Louisiana’s oil and gas workers are slated for the chopping block, with 50 to 300 of those coming from a company in Iberia Parish. Net-zero greenhouse gas emissions by 2050 — The sponsor of the Keystone XL crude oil pipeline. Overhead costs such as insurance are increasing, enrollment is rising and some districts are losing local revenue because of a drop in oil and gas production. Oklahoma is the fourth largest oil-producing state, and during the pandemic, demand for fossil fuels plummeted and oil prices cratered. Founded in 2010, Warwick is a provider of private equity capital in the US upstream energy, real. For every dollar the price of oil drops, the state loses $10 million to $12 million. Oil- or gas-producing beds in Tps. Clean energy job layoffs slow, but end of PPP looms Comparatively, the oil and gas sector lost some 100,000 jobs total due to the pandemic, Georgia, Oklahoma, Kentucky, Alaska and Florida. Most of the 220 layoffs will happen at the Oklahoma City headquarters, the email said. , announced Thursday is will layoff 10 percent of its workforce amidst the oil and gas downturn. Montalban Oil & Gas Operations, a company with 200 wells in Montana, is planning to shut all of its wells in 10 days when its executives expect to run out of storage space. Well Drilling Application. HOUSTON — Editor's Note: Above video was published March 18. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. The company used to be called USX Corporation and changed its name to Marathon Oil Corporation in 2001. We have over 1000 vertical wells and a rising number of horizontal wells. Today’s Denver Post features an op-ed by former Dinosaur National Monument Superintendent Denny Huffman. Meets Value. oil and gas producer cut salaries for top executives and board members. Fuel prices influence more than just surcharges for shipping and expenses for truckers, and on this episode of WHAT THE TRUCK?!? Dooner and The Dude learned how crucial the fuel market is to keeping freight moving. using his stake in the company's oil. Energy Workforce is a trusted resource, advancing member policy priorities and providing targeted workforce development for the entire OFS sector. A $1 million federal grant promises to help rural Oklahoma oil and natural gas companies diversify in a move promoters say will create hundreds of jobs and boost the region's economy. (NGSG) is a premier provider of natural gas compression equipment and industrial flare systems. The company has some 12,000 employees in all, which is significantly more than rival oil and gas companies such as Devon Energy and Lawler's former employer Anadarko Petroleum. The announcement comes as oil prices continue to tumble across the nation, leaving many oil companies in a precarious situation. What it is: An oil and gas exploration company headquartered in Oklahoma City, Oklahoma, known for its role in helping the US become a net natural gas exporter. Another 95,000 Oklahomans. The oil and gas industry represents roughly 10 percent of Oklahoma's annual gross domestic product. Adams and Reese LLP. Read More get registered. Financial firms hire conservatively with better pay packages and are somewhat insulated from layoffs that occur due to fluctuations in oil prices. OKLAHOMA CITY (AP) — Devon Energy has confirmed that it is eliminating 200 jobs as it executes plans to sell or spin off its North Texas and Canadian assets. Energy unites us. Founded in 1989 with an initial $50,000 investment, Chesapeake focused on drilling in underdeveloped areas of Oklahoma and Texas. It's a great time to fill up the car with gas prices slipping lower and lower, but maybe […]. Patents through a subsea oil gas policy layoffs and gas was given is maneuvered by the new petrochemical and services solves customer service. The former employee had been working at the. To date, Sabine has invested nearly $1B in strategic business development efforts and an aggressive drilling program. Marathon Oil is an independent E&P company, based in Houston. The chopping. OKLAHOMA CITY — Kimray, Inc. Rystad: Global oil field services layoffs at 300,000, but tide is turning. TULSA (AP) Occidental Oil & Gas Corp. Oklahoma’s congressional delegation now has the task of deciding how it will stand on the controversial proposal to extend the Wind Production Tax Credit, the one that expired at the end of 2013. Discover (and save!) your own Pins on Pinterest. Horizon's five-member Board of Directors is composed entirely of representatives of the owners and management. Devon Energy Prod. However, its author, Mark Koeppen, reminded readers that because of the recent downturn, oil and gas companies have suffered from massive cost-cutting efforts, reduced exploration, and layoffs. That’s contributing to a debate raging now: How. Now that the price of oil is dropping so low, he knows there's more layoffs coming. reportedly laid off hundreds of employees Tuesday, another wound in Oklahoma's festering oil and gas economy. Camino Natural Resources Settles Oklahoma Oil and Gas Payment Claims for $2. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed. Output in Oklahoma's mining, quarrying, and oil and gas. (KRQE)- After years of booming, New Mexico’s oil industry is hitting the skids. The layoffs are expected to increase class sizes when they are. The downshift to a slower trend rate of hiring began abruptly in the first quarter of 2012 and coincided with several public layoff announcements. There were an estimated 500 employees working at the Houston office. More oil, gas, power & utility equipment added daily from major manufacvturers such as Freightliner, Peterbilt, Vermeer, Volvo, Ditch Witch, Straightline, Altec, Custom Structures and more. unconventional resource plays. 17, 2015 Updated: Feb. Governor Mary Fallin on Dec. Warwick invests its own capital alongside its partners' capital. The Board is comprised of individuals with an aggregate of over 120 years of general business experience, with approximately half of that experience involving various segments of the oil and gas industry. It is by far the tallest building in the city and state, and is tied with Park Tower in Chicago as the 62nd tallest building in the United States. The larger, more integrated oil companies may be positioned better to weather the war/virus for a bit longer but ultimately, all oil and gas companies--the giants such as Exxon, Sinopec, or Aramco. SEE ALSO: ‘There is no company that will be safe’: Massive layoffs and furloughs are coming to the oil industry, experts say. , Civil Action No. The company was formed in 2008 with three employees, today we have expanded our base with more local, technical personnel and in 2011 opened a regional office in Denver, Colorado. Electricity, Electric Power, Renewables. Messages relating to layoffs at Its sector—oil drilling services—is expected to stay depressed due to, Long ideas for oil industry players based on 30+ years of experience. Gasoline is cheap, but that relief at the pump can fuel widespread worry about Oklahoma's oil and gas-reliant economy. If oil prices do not change for the better we can expect the following to come to fruition. Its primary areas of operation are the Mid-Continent in Oklahoma and Kansas. In February 2016, the company sold its interest in the Springfield oil and gas gathering system, near the Eagle Ford shale, for $750 million to Western Gas Partners. Energy Jobline - Energy Jobs and Engineering Jobs Worldwide. The decline in August marked the fifth. Kimray: Oklahoma City-based Kimray Inc. Through July, the industry has shed some 118,000 jobs or 15. Over the years, layoffs at the local refinery reduced employment from 5,000 to about 800. All are drilled in ND, CO, TX or NV and we take on private partners to share in the cost and profits with us to build not only our own portfolio but allow you to own multiple oil projects in your own. We have had three rounds of layoffs since December 1st. Get Stallion services nationwide. "No one is buying any jet fuel. Oklahoma Oil Companies Could See 'serious' Layoffs In Next Year. Range Resources Corp. The same thing happened in the 80s. Energy Transfer LP said last week that it will acquire Enable Midstream Partners in an all-stock deal worth $7 billion, adding to the pipeline giant’s footprint through Oklahoma and Texas and yielding an expected $100 million in expected “cost synergy opportunities” — a category that usually includes layoffs. Oklahoma Oil and Gas Drilling By Staff and Wire Reports Oct 15, 2013 Layoffs will primarily affect Oklahoma City employees. New OSU Report Shows Oklahoma Oil And Gas Sector Could Take 2 Years To Rebuild) Tuesday, April 21st 2020, 3:13 am The good news is there will be no expected furloughs, and few layoffs. For more than twenty years, Chief has been producing clean-burning natural gas throughout the United States. oil or gas are indicated on the columnar section by colors that cor­ respond to the colors on the well symbols on the structure-contour map. "Law Firm of the Year" in Oil & Gas Law. It's everything," Stanley said. Nearly 25 percent of oil and gas companies reported job losses in the third quarter, a slight increase from 18 percent in the second quarter, the Dallas Fed reported. of National Rankings. 7 Top Oil and Gas Analyst Upgrades and Downgrades Too Big to Ignore. has seen at least 91,000 job cuts across the energy industry since prices collapsed last summer, according to Continental Resources, an Oklahoma oil company that tracks layoffs. We choose our E & P prospects well, improve their operational efficiency dramatically and employ a proven successful exit strategy. ) announced legislation (PDF) that would eliminate investment in renewable energy, while leaving in place $72 billion in tax breaks to the oil and gas industry. From this global footprint, the company’s sales, service, manufacturing and threading. There are about 185,000 oil and gas workers across the country, and that number grows. Holland Right of Way and Land Services is one of the leading national land service companies in the U. June 6, 2021. Pipeline Oil and Gas Magazine brings latest Oil, Gas and Energy news from across the globe. , an Oklahoma City based oil and gas producer, laid off 121 employees this week as the oil price crisis continues to affect employment in oil dependent states such as Oklahoma and Texas. Teal says while the timing hurts families before the holidays, the cuts are strategic. The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, will. Dewey Bartlett, chairman of the Oklahoma Energy Producers Alliance, said 10,000 to 20,000 Oklahomans are predicted to lose their jobs in the next few months because of the pandemic and the low prices. The industry says it contributes $32 billion annually to the Colorado economy, including 89,000 direct and indirect jobs. It's happening all over the Anadarko Basin, where just a year ago oilfield jobs at top-dollar wages were attracting out-of-state workers by the thousands. More layoffs, defaults expected as oil slides in August. The second-largest oilfield service company in the world, Halliburton, is closing its operation in El Reno, Oklahoma. Workers in the oil & gas and petrochemical industries perform many high-risk tasks. Occidental Petroleum has additional operations in Texas, North Dakota, Colorado, and New Mexico. The job title is well testing operator, and it's what Drew Ledford has been doing for nearly a decade. 3 million jobs, which pay an average salary of $101,181, according to a study released by PricewaterhouseCoopers and the American Petroleum Institute in. Continental Resources, an Oklahoma oil company that track layoffs,. The larger, more integrated oil companies may be positioned better to weather the war/virus for a bit longer but ultimately, all oil and gas companies--the giants such as Exxon, Sinopec, or Aramco. 87 Layoffs Announced As Lake Bluff Manufacturing Facility Closes - Lake Forest-Lake Bluff, IL - Liquid Controls is consolidating operations in Oklahoma City, while keeping an office in the Lake. 2 percent of the workforce and losses in that sector may be offset by growth in others, said Mark Vitner, an economist with Wells Fargo Securities. shale drillers Cabot Oil & Gas COG and Cimarex Energy XEC entered into an all-stock merger agreement. (KRQE)- After years of booming, New Mexico’s oil industry is hitting the skids. r/oilandgasworkers: From roughnecks to refinery engineers and everyone in between, a place to share knowledge, news, and make connections. TULSA — For the fourth time in a week, an Oklahoma energy company has announced layoffs because of low oil prices. Prices typically rise during periods of global economic strength and as demand outpaces supply. Halliburton is not releasing the number of layoffs in Duncan, but did confirm they will not impact any potential transfers from the El Reno office. Clinton, OK Energy, Oil & Gas Law Attorney. Employment changes: The company laid off at least 200 employees in Oklahoma in April, Reuters reports. There are about 185,000 oil and gas workers across the country, and that number grows. Dec 8, 2014 - British Petroleum is looking to scale back operational costs as declining oil prices and the Deep Horizon incident continue to haunt the company. In what may be unsettling news for Houston, Devon Energy Corporation is closing its Houston, Texas office and shifting operations to Oklahoma City, where it has its corporate headquarters. National Tier 1 in Oil & Gas Law. Newfield spokeswoman Cindy Hassler told reporters Tuesday that the moves are due to low oil and natural gas prices and that fewer than 10 employees will remain in the Tulsa office. in 1859, the American oil and gas industry has promoted itself as an egalitarian engine of the country's economy, a driver not. Oil, Gas, And Fracking News Read 30May 2021 - Part 1 Written by rjs, MarketWatch 666. Mystic Seaport Museum - Pandemic Layoffs, Now permanent. Oklahoma lost about 500 mining industry jobs between December and January, data from the Oklahoma Employment Securities Commission show. As of December 31, 2019, the company had 89. As the pandemic has put the spotlight on the health and well-being of people, pursuing. In contrast, Oklahoma's tax breaks for the oil and gas companies — among the most generous in the nation — gave the industry $470 million in tax relief last year, according to a Reuters. Due to our geographic location we mostly focus on layoffs happening in North America but we accept tips from all over the world. What we need in the oil & gas business is stable prices. unconventional producing regions and Western Canada. According to the United States Department of Energy, oil and natural gas provide approximately 80% of American Energy, create approximately 12. Oil and Gas Bond. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma. The period reflected in the data is based on a January average oil price of $47. A slowdown in production is one of the most common first steps. Oklahoma City, OK 73105. As an employee for an oil and gas company, I personally am aware of oil and gas wells being abandoned. A survey by the Dallas Federal Reserve found that 23 percent of Texas companies in oil and gas reported third-quarter layoffs, with two-thirds of those in oil field services reporting reduced. Let Peak Oilfield Services provide safe, creative, economical solutions for all your worksite needs. Oil and gas companies have paused or curtailed production and halted capital expenditures to conserve cash leading to mass layoffs as the world shut down. And the pain has been felt much farther afield. "It's tough. The decision to layoff 220 workers, mostly from its Oklahoma City headquarters, is tied to ongoing economic factors created by COVID-19 that are impacting demands for oil and natural gas,. is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Christian currently serves as Vice-Chairman of the Interstate Oil and Gas Compact Commission (IOGCC) under Chairman Kevin Stitt (Governor, Oklahoma). Oil and gas employment before the pandemic OK regulators close state office building due to coronavirus Layoffs in oil and gas grow in response to oil glut and coronavirus. oil and natural gas output has soared, insulating the U. Company Overview Holland. 3% to close at $66. A place where all are treated equal and ideas are shared freely. 2013 Layoffs Proved to be Costly for Chesapeake November 6, 2014 Even as Chesapeake Energy released its third-quarter earnings report this week of $169 million in net income and $82 million in adjusted earnings for shareholders, it was still dealing with former co-founder and president Aubrey McClendon. Prices increased to $42. Oil price collapse, layoffs lead to revenue failure in Oklahoma budget Typically, one out of every four dollars the state collects is associated with the oil and gas industry. (580) 323-1516 Super Lawyers Oklahoma Bar Association. Oil company layoffs 2020. 4 billion funding shortfall for the 2015-2016 budget and has begun enacting cuts. unconventional producing regions and Western Canada. Continental Resources recently scored a unanimous victory before the North Dakota Supreme Court. The company’s board approved a $10 million stock. Venado Oil & Gas, LLC. Synergies with large amount of industry, two to answer. "It’s tough. Officials say five people are missing after an oil rig explosion in Pittsburg County, Oklahoma. By: News On 6. drilling in the Marcellus shale basin in Texas and Oklahoma. By 2040, prices are projected to be $132/b. Texas: Whiting Oil & Gas Corp. Location Oklahoma City, OK Area. Pores in the reservoir rocks that contain oil and gas also include water. The benefits Citation Oil & Gas provides far exceed most companies. More Layoffs Possible In Oil And Gas Industry In 2016 News 9. Mary Teal teaches Oil and Gas Finance at the University of Central Oklahoma. Oklahoma, North Dakota, and Texas are the three other states whose budgets will be significantly hurt by the fall in oil prices. The state collects taxes on the production of oil and gas, and the state budget is based on oil selling at $54 a barrel. There have been no reports of similarly deep cuts. Identifying and sourcing the most appropriate PPE for these tasks can be very time-consuming. Oilfield services giant Halliburton has closed down two sites in Texas and laid off 240 employees in Oklahoma in response to reduced customer activity due to plummeting oil prices. Workers for Bommerang Tube LLC got the recent news as the company also notified state officials. The decision to layoff 220 workers, mostly from its Oklahoma City headquarters, is tied to ongoing economic factors created by COVID-19 that are impacting demands for oil and natural gas,. The Employer's Legal Resource: WARN Act Notice Requirement in Light of COVID-19: Plant Closings and Mass Layoffs 03. The Colorado Oil & Gas Association, a trade group, last month said the industry and its workers pay almost $1 billion in annual state taxes. Energy Transfer LP said last week that it will acquire Enable Midstream Partners in an all-stock deal worth $7 billion, adding to the pipeline giant’s footprint through Oklahoma and Texas and yielding an expected $100 million in expected “cost synergy opportunities” — a category that usually includes layoffs. At yesterday's Iowa Faith and Freedom conference, former House Speaker Newt Gingrich called for a level subsidies playing field. "We're the guys that bring the fluid, gas, up out of the hole, test it, and send it off to. "We're the guys that bring the fluid, gas, up out of the hole, test it, and send it off to. Another 95,000 Oklahomans. judge last month, giving lenders control of the firm and ending a contentious trial. Marathon Oil Corp has laid off around 100 U. "No one is buying any jet fuel. For 2015 oil downturn, they cut about 50% of workforce over the course of 1. An oil and gas facility in Roger Mills County in far-western Oklahoma. More than 500 Oklahoma employees of Chesapeake Energy are out of a job following the latest layoffs Sept. Oklahoma Oregon Pennsylvania Rhode but we are starting to see a dark side of the oil economy when it comes to layoffs. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma. We also own non-producing minerals in selected areas. Fossil fuel critics and others say industry is overblowing the effects of the “pause” on oil and gas leasing, pointing to millions of acres of undeveloped leases and stressing there will be little short-term effects. employees, or about 5% of its total workforce, a company spokeswoman told Reuters on Feb. oil and gas industry lost 51,000 drilling and refining jobs in March as unprecedented low crude prices shut down vast parts of the sector. More than 500 Oklahoma employees of Chesapeake Energy are out of a job following the latest layoffs Sept. The Devon Energy Center (also known as the Devon Tower) is a 50-story corporate skyscraper in downtown Oklahoma City, Oklahoma. TULSA, Okla. Nonetheless, Chamber of Commerce President Chris Deal focused more on the individuals and the families affected by the current layoffs. Hydro Systems USA - 46. Now that the price of oil is dropping so low, he knows there's more layoffs coming. After almost two years of sinking oil prices and at least 40,000 job cuts, Canada's petroleum. Halliburton announces their second round of layoffs. A $1 million federal grant promises to help rural Oklahoma oil and natural gas companies diversify in a move promoters say will create hundreds of jobs and boost the region's economy. The Oklahoma City television station K-FOR-TV reports that sources say as many as 2,000 jobs may be cut. Prices typically rise during periods of global economic strength and as demand outpaces supply. The oil and gas company was a leader in the fracking boom, using unconventional techniques to extract oil and gas from the ground, a method that has come under scrutiny because of its. is considered to be one of the fastest growing countries in the oil and gas industry in the world. Stocks in Wyoming's leading oil and gas companies plummeted Wednesday, as the Dow Jones Industrial Average slumped 249 points to 15,767 over concerns about China's economy and tumbling oil prices. 5-32-5XHW Well; SW1/4 SW1/4 SE1/4 SE1/4 (BHL) of 05-06N-06W; 3,577,000 cu-ft gas. 8%, the decline in production from the Oil and Natural Gas Corporation's oil fields have led the nation to develop a 10-year plan to reduce oil dependency. Whiting Petroleum Corporation is an independent exploration and production company with an oil focused asset base. Oklahoma Oil Companies Could See 'serious' Layoffs In Next Year. Most of the 220 layoffs will happen at the Oklahoma City headquarters, the email said. Home >> News. Companies release little or no details while planning such resource actions. Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. Oklahoma Office of Workforce Development spokesman David Crow says the agency was notified of the layoffs and apparent closure of the office, effective Monday. Halliburton announces their second round of layoffs. It's a great time to fill up the car with gas prices slipping lower and lower, but maybe […]. Halliburton is laying off more employees in Texas and Oklahoma as the company adjusts to negative changes in the global gas and oil. The energy industry drives 1 in 5 jobs and is tied to almost every type of tax source. Chevron is the last remaining Big Oil corporation on the Dow but is also in deep financial trouble. Collin Eaton and Robert Grattan , Houston Chronicle. 29th, as oil prices stay below $50 a barrel. SandRidge owns oil properties in the Mid-Continent (84% of production in 2019) and the North Park Basin (16% of production in 2019). "It’s tough. What thousands of energy layoffs mean for the future of oil and gas. Chief is committed to producing the energy the country needs for heating, cooking and transportation as well as. oilfield services firm struggles with falling profits amid slowing oil and gas activity. Baker hughes news layoffs keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. Around 12,000 employees, or 21 per cent of its workforce, are eligible. XTO also provides support and technical services to ExxonMobil's operations in Argentina. Nearly a quarter of Louisiana's oil and gas workforce has been laid off as the industry battles an. shale drillers Cabot Oil & Gas COG and Cimarex Energy XEC entered into an all-stock merger agreement. continues with the big finds in Oklahoma, this time reporting a four-well pad in Stephens County that produced more than 2,200 barrels of oil a day. The state collects taxes on the production of oil and gas, and the state budget is based on oil selling at $54 a barrel. , Civil Action No. About Quail Creek Companies: Established in 2007, Quail Creek Companies is located at 13831 Quail Pointe Dr in Oklahoma City, OK - Oklahoma County and is a business listed in the categories Oil & Gas Producers, Gas Companies, Crude Petroleum And Natural Gas Extraction, Natural Gas Companies, Gas Production &/Or Distribution and Gas Utility Companies. Clean energy job layoffs slow, but end of PPP looms Comparatively, the oil and gas sector lost some 100,000 jobs total due to the pandemic, Georgia, Oklahoma, Kentucky, Alaska and Florida. completeshaleconsulting. 29th, as oil prices stay below $50 a barrel. Tuesday, the company announced it would lay off 20 percent of its workforce, or 1,000. Fuel prices influence more than just surcharges for shipping and expenses for truckers, and on this episode of WHAT THE TRUCK?!? Dooner and The Dude learned how crucial the fuel market is to keeping freight moving. We strongly believe our values, commitment to excellence, flexibility and experience give us the edge and resilience to continue our long-term success. Razor Energy Corp. , but these decreases bring a host of troubles for the oil industry, particularly in areas throughout Texas. The job title is well testing operator, and it's what Drew Ledford has been doing for nearly a decade. Energy Jobline - Energy Jobs and Engineering Jobs Worldwide. Texas: Whiting Oil & Gas Corp. The decision is aimed at "stabilizing Kimray's core" business, a news. Proven reserves of crude oil increased by 13 percent (2. Interestingly enough, the State of Oklahoma enacted a statutory “Pugh” Clause*, Title 52 O. May 28, 2021. The Houston office has been in charge of operations in Texas, Louisiana, Ohio and Michigan. (KTUL) -- Newfield Exploration, an independent oil and gas exploration and production company, announced Tuesday plans to lay off or relocate the majority of the company's Tulsa-based. Read More get registered. The fracking industry has long been mired in debt, but the oil price wars coupled with a glut in supply and reduced demand, as a result of the pandemic, has put the industry into a tailspin. The layoffs are the latest impact of the state's declaration of "revenue failure" late last year amid a collapse in the price of oil and gas, which it relies on for tax revenues. More than 500 Oklahoma employees of Chesapeake Energy are out of a job following the latest layoffs Sept. View Profile. 25 to 27 N. Let’s work together. Kyle Isakower, API’s vice president of regulatory and economic policy, said Oklahoma outpaces eight of the 12 OPEC nations in natural gas production. The week of June 10 was a volatile week for stocks, but West Texas Intermediate crude closed up less than 1% higher than the. The new administration enacted a 60-day ban on new oil and gas drilling leases and permits on federal lands and waters, prominently including the Gulf of Mexico where roughly 17 percent of America. It was a week when both oil and natural gas prices settled higher. There have been thousands of layoffs worldwide, including right here in Oklahoma. The oil and gas industry continues to announce layoffs, even as the industry is struggling to grapple with the low crude oil prices. There’s invariably a minimum of 600 other prospective applicants when Peggy sees a job posting for an oil and gas company on the professional network website LinkedIn. If you are looking for an oil and gas job, the U. The larger, more integrated oil companies may be positioned better to weather the war/virus for a bit longer but ultimately, all oil and gas companies--the giants such as Exxon, Sinopec, or Aramco. Combined with innovative product advancements, cutting edge design, state-of-the-art equipment, exclusive product affiliations, and superior service, Natural Gas Services Group, Inc. MIDLAND, Tx. Halliburton is not releasing the number of layoffs in Duncan, but did confirm they will not impact any potential transfers from the El Reno office. Where Does Texas Stand In Oil And Gas Job Game. Oilfield services giant Halliburton has closed down two sites in Texas and laid off 240 employees in Oklahoma in response to reduced customer activity due to plummeting oil prices. Since its inception over a decade ago, Discovery has assembled nearly 150,000 net acres in West Texas. In the oil and gas industry, layoffs have become a continuous process. Layoffs have social and economic consequences. Gross production tax collections in Oklahoma have been down for four consecutive months, and a steep drop in oil prices could be to blame. The company is named after the founder’s love for the Chesapeake Bay region. ) announced legislation (PDF) that would eliminate investment in renewable energy, while leaving in place $72 billion in tax breaks to the oil and gas industry. About 65% of that money was placed in the state's general fund for lawmakers to spend how they see fit. Nationwide, oil and natural gas production has been strong in 2019. Woodward, Oklahoma on August 13th, 2021. Oil and Gas Layoffs could affect Oklahoma even more. Perform other safety tasks as directed by the client facility. More than 150,000 Oklahomans are employed by the oil and natural gas industry, which is also the highest-taxed industry in the state. 9 billion barrels) and proven reserves of natural gas rose by 12 percent (33. Here are some selected news articles from the week ended 29 May 2021. Whiting Petroleum was the first major oil company to file for bankruptcy. Officials say five people are missing after an oil rig explosion in Pittsburg County, Oklahoma. Oil and gas drilling has started to build payrolls up, but not enough to get back to previous. Low oil prices. The Oil & Gas Public Assistance Department acts as the Oklahoma Corporation Commission's (OCC) contact for mineral and surface owners in communicating with oil and/or gas companies as well as serving as an information center for oil and gas matters including a wide range of topics from royalty payments and leasing to spacing, pooling, production figures, OCC databases, and OCC rules and. Energy Jobline - Energy Jobs and Engineering Jobs Worldwide. Consolidation drives a Denver oil company to combine with a Houston natural gas producer, creating $17B company operating in Texas, New Mexico, Oklahoma and Pennsylvania. From upstream to downstream, all the sectors are waiting to see what 2020 has to offer to the industry. The oil producer previously disclosed a 30% reduction in its 2020 spending and some voluntary job cuts amid this year's sharp drop in oil prices and lower demand for oil. LinkedIn +1 214 978 8000. By: News On 6. Kimmel said low commodity prices make the layoffs necessary for the long-term success of the oil and natural gas producer. S is the best hub to aspire and grow in the industry. We have over 1000 vertical wells and a rising number of horizontal wells. Houston-based NexTier Oilfield Solutions is laying off several dozen workers that provided hydraulic fracturing and other services to shale plays in Oklahoma. Native Oil and Gas, LLC Native Oil & Gas, LLC (“Native”) is an independent oil and gas exploration company headquartered in Oklahoma City, Oklahoma. Most senior Staff (10+ years) have been cut, leaving a team that frequently does not know how to do their jobs well, let alone when they are doing the work of two people. Halliburton Layoffs 2019: 800 Lose Jobs As Oklahoma Plant Shuts Down. Industry Oil & Gas Exploration & Production. Collections from sale of merchandise and. Let Peak Oilfield Services provide safe, creative, economical solutions for all your worksite needs. You don’t need an MBA to predict some of the most common reactions to such a significant turn of events. Louisiana is expecting a $1. Oil and gas manufacturer Kimray Inc. Setting the industry standard in water-based drilling fluids and advanced-composite matting systems. OKLAHOMA CITY — Kimray, Inc. 1 million as part of a settlement resolving class action claims it failed to pay statutory interest on payments that were allegedly late, in violation of Oklahoma law Read More. 15-3WI Well, SE/4 NW/4 NW/4 SE/4 (SL) of 06-05N-14E, TD 6,300 feet. The federal Worker Adjustment and Retraining Notification Act (called “WARN” for short) applies to employers with 100 or more full-time employees and requires 60 days advance written notice of terminations that result from certain plant closings or mass layoffs. 8 layoffs in 5 years. A gathering place for all Farmall Cub, Cadet owners and tractor enthusiast from all over the world. World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and. Description. Sunoco Pipeline Crude Oil - 1-800-753-5531 Sunoco Pipeline Refined Products & Natural Gas Liquids - 1-800-786-7440 Transwestern Pipeline - 1-866-999-8975 Trunkline Gas Company - 1-800-225-3913 Canadian Emergency Response. S; employees, or about 5% of its total workforce, a spokeswoman for the Houston-based oil and gas producer said Feb. Baker Hughes Avoids Another Round of Layoffs by Using Furloughs September 6, 2016 Baker Hughes, Energy Services , Industrywide Issues , Jobs We’ve long bemoaned the fact that the first tactic used by oil and gas companies to stay in business during this severe downturn has been to layoff large numbers of employees. HOUSTON — Editor's Note: Above video was published March 18. It appears another round of layoffs of as many as 400 of Louisiana’s oil and gas workers are slated for the chopping block, with 50 to 300 of those coming from a company in Iberia Parish. The layoffs are the latest impact of the state’s declaration of “revenue failure” late last year amid a collapse in the price of oil and gas, which it relies on for tax revenues. A rough day for Oklahoma's oil and gas sector Tuesday, as Oklahoma City-based Chesapeake Energy announced another major layoff. , a number that's more than doubled from a decade ago, according to data kept by Rigzone, an employment company. D & J maintains a track record of implementing reliable and innovative operating and management practices that in aggregate, achieve profitable and noteworthy financial results for its working interest owners. , a possible sale that could raise as much as $10 billion, according to Reuters. All 6 stocks are included in the portfolio computations. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed. Layoffs in the Oil Field. 7 With the layoffs. New Mexico is the third largest oil-producing state in the U. Texas, New Mexico and Oklahoma have adopted budgets based at least in part on revenues that would come in from oil that would sell for around $50 a. Dropping oil prices have offered relief to individual wallets across the U. Talk to a specialist at (405) 525-4298, Mon-Fri, 7AM-5PM CST. Workers in the oil & gas and petrochemical industries perform many high-risk tasks. In Oklahoma, the economy runs on oil. The layoffs are the latest impact of the state's declaration of "revenue failure" late last year amid a collapse in the price of oil and gas, which it relies on for tax revenues. , Postle Morrow Upper Unit No. By: News On 6. The announcement comes just more than a month OKLAHOMA CITY — A spokesman for SandRidge Energy Inc. ; Cunningham No. will lay off up to 15% of its 45,000-person global workforce amid the economic havoc wrought on the energy sector by the coronavirus. The CEO of Encana Corp. BATON ROUGE, La. The oil and gas industry has faced contractions in recent months, with 23 percent of Texas companies in that sector reporting third-quarter layoffs, according to a survey by the Dallas Federal. In contrast, Oklahoma's tax breaks for the oil and gas companies — among the most generous in the nation — gave the industry $470 million in tax relief last year, according to a Reuters. In 2010, Exxon Mobil acquired XTO Energy and its natural gas assets for more than $30 billion, just as gas prices were peaking. The Halliburton Layoffs and Oil and Gas Industry Trends. Oil and Gas Layoffs could affect Oklahoma even more. At any given time, it seems, some company somewhere is severing jobs. announced June 1 that it has agreed to acquire Stagecoach Gas Services LLC for $1. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma. I've also found that a Google search of the company name and the county where your mineral property is located ("Antero Harrison") will usually bring up a local forum or two where you can contact West Virginians who have real world experience with the company. HOUSTON — Editor's Note: Above video was published March 18. The price plunge has affected petroleum production in all oil-extracting countries, including the US. Journal Record editor Russell Ray discusses last week's negative oil contract prices, as well as what measure the state is considering to mitigate the problem. Less than a month later, reports of layoffs at Duncan’s Technology and Manufacturing centers are confirmed, just two days after the company announced it would be shuttering its El Reno operations with almost 800 employees set to lose their jobs and one day after another announcement confirmed the El. shale drillers Cabot Oil & Gas COG and Cimarex Energy XEC entered into an all-stock merger agreement. One oil ETF worth considering is the SPDR S&P Oil & Gas Exploration & Production ETF. This breakout was primarily due to China-led oil demand growth and its impact on OPEC’s surplus oil production resulting in concerns about the tighter supply-demand situation. He told KOCO 5 that it affects all of us. Nearly a dozen oilfield service companies that have confirmed laying off at least a combined 8,700 people in Texas, Oklahoma, Colorado and elsewhere during the first two. Most of the 220 layoffs will happen at the Oklahoma City headquarters, the email said.