Report: 2,500 oil & gas workers in Texas lose their jobs in 10-day span
Texas Workforce Commission information shows that the oil and natural gas industry shed another 2,500 jobs over the past 10 days, according to a report from the Houston Chronicle.
The report shows 13 companies laid off 2,525 people. The service sector, which includes drilling rig operators, hydraulic fracturing crews and manufacturing, took the hardest hit, according to the Chronicle. The report blames record low oil prices and the coronavirus pandemic hurting demand for products and services.
The layoffs, according to the Chronicle article, included:
Houston-based NexTier Oilfield Services -- 1,041 employees working at its headquarters, another Houston office and field offices in the Permian Basin and Eagle Ford Shale.
Midland oil-field service company ProPetro Service -- 584 layoffs in the Permian Basin where losses now total 584 layoffs.
Houston oil-field service company Baker Hughes -- 184 jobs cut after merging operations at two locations in Houston.
The report also states U.S. Silica laying off 105 people in Midland; Fort Worth-based Black Mountain Sand laying off 87; and Ohio-based Covia laying off 82 people.
Read more: https://www.mrt.com/business/oil/article/Report-2-500-oil-gas-workers-in-Texas-lose-15224420.php
(Midland Reporter-Telegram)