Pelted by the oil-market crash, the energy industry’s job cuts reached 150,000 by the end of May, says energy recruiting firm Swift Worldwide Resources, and that figure had grown by a fifth since March.
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.
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