Oil firms cutting another 700 Texas jobs

HOUSTON — Oil companies are cutting another 700 jobs in Texas in coming months, state regulators said Tuesday, as low crude prices continue to hammer the industry.

Oil field services firm Cameron International, which last month agreed to sell itself to Schlumberger for $12.8 billion, told the Texas Workforce Commission it is cutting 150 staff members over the next four months at its Brittmoore facility in Houston, “due to the current declining business conditions.” Cameron said the mass layoff will begin Nov. 2 and occur again on Dec. 7.

Related: Analysts say Schlumberger’s bid for Cameron “makes sense”

In East Texas, oil support firm Bronco Oilfield Services is planning to cut 52 employees around Oct. 30 and close a facility in Longview, Texas.

ConocoPhillips told the regulators it will cut more than 500 positions in the Houston area, at 10 separate facilities around the city. The oil producer had already disclosed those hometown job cuts last week, along with a broad 10-percent cut to its workforce across the company.

“In light of the current market environment, ConocoPhillips is taking action focused on increasing efficiency and reducing costs,” the company said in a letter to the TWC. The earliest cuts will begin Oct. 30.

ConocoPhillips letter by Joshua Cain

Cameron International letter by Joshua Cain

Bronco Oilfield Services letter by Joshua Cain