The United States lost 3,300 oil and gas extraction jobs in April. The economy also jettisoned 10,200 jobs that support mining — a sign that even though oil prices are on the rebound, the pain for the sector’s workers may linger.
Samson Resource Co. produced oil and liquids after primarily being a natural gas driller. The company reported a net loss of $1.6 billion for its third fiscal quarter in 2014. The company’s layoffs are effective immediately.
The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.
M&M Environmental Group CEO Sam McFadin told the Arkansas Democrat-Gazette that employees were told of the layoffs Friday and that remaining employees will be offered transfers to company offices in Oklahoma.
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