More on the oil crash:
- 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 summer of 2014, the semisubmersible Maerk Developer had been drilling an exploratory well in the Gulf of Mexico for Norway’s Statoil. But the oil bust and drilling pullback has been hard on offshore drillers, and Maersk said it plans on cutting the workers and mothballing the rig.
National Oilwell Varco, an oilfield services giant based in Houston, said it plans to cut 129 workers as the company closes its manufacturing facility at 16211 Air Center Boulevard. The company said it will lay off workers in phases, beginning last week and lasting until June. NOV said that some workers had been laid off with little advance notice, and that those employees had been provided additional pay and benefits.
Tenaris, a global manufacturer of steel pipe, said it was shuttering its plant at 8204 Fairbanks N Houston Road on March 31, and that employees not transferred to other facilities would be laid off. The company said 166 employees would lose their jobs.