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Tag Archives: workforce

North Dakota might help solve Aberdeen workforce woes

Part of the answer to Aberdeen’s workforce shortage could come in the form of manpower from North Dakota’s oil patch — just not from the demographic most might think. Speaking after a community workforce forum Tuesday at Northern State University, Aberdeen Development Corp. workforce development coordinator Kati Bachmayer said the corporation is interested in reaching out to western North Dakota ...

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Anadarko job cuts won’t slam Colorado

Colorado’s workforce may be spared from Anadarko’s rash of job cuts, according to a recent Denver Business Journal article. The company announced Tuesday that it planned to slash its 2015 budget by about 33 percent from last year. Having spent about $8.5 billion in 2014, the projected cut means the company’s 2015 budget will land somewhere between $5.4 and $5.8 billion. ...

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Oil prices force Vallourec to reduce workforce, hours in 2015

job cuts

YOUNGSTOWN – France-based company Vallourec announced plans to reduce its workforce due to low oil prices. The parent company of Vallourec Star, 2669 Martin Luther King Jr. Blvd., made the announcement in its financial earnings for 2014 report that was released Tuesday. Vallourec is an international company that sells tubular products for the oil and gas industry, power generation and ...

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Oklahoma-based energy company to consolidate workforce

Enable Midsteam

OKLAHOMA CITY — Enable Midstream Partners, an oil company with corporate functions in Oklahoma City, has announced that it will cut 10 percent of its workforce this year due to instability in oil and natural gas prices. The Oklahoman reports that Enable, which has about 2,000 employees, will consolidate some of its corporate staff in Oklahoma City and Houston. It does ...

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Shale sector won’t gut area workforce

Oil worker

Shale gas companies have started dialing back on spending to help offset a sudden drop in prices, but analysts don’t expect wide-scale layoffs and shutdowns in Appalachia like those prompted in other areas by the oil crash. “Gas prices were already depressed, so Marcellus operators already were running lean and mean,” said Andrew Byrne, director of North American equity analysis ...

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10 percent of Yates Petroleum Corporation laid off

pump jack in the clouds

Yates Petroleum Corp. of Southeast New Mexico announced Wednesday that it has laid off about 10 percent of its workforce due to decreasing oil prices. The company has an operation in Artesia. Connie Esquibel, the human resource director and plan administrator, said in an email that Yates Petroleum Corp. had to “implement extreme cost cutting measures” due to the “sharply falling ...

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Pioneer CEO: Oil ‘will work at $60’

oil and money

Pioneer Natural Resources CEO Scott Sheffield expressed optimism for the Permian Basin Wednesday with plans to increase his company’s already dominant production by up to 21 percent next year even as the rig count declines amid lower oil prices. Further evidence of Sheffield’s bullishness lied in the $76 million regional headquarters Pioneer unveiled in Midland’s ClayDesta development. The more than ...

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Halliburton to buy Baker Hughes

Halliburton

Halliburton will buy rival Baker Hughes for cash and stock worth $34.6 billion in a deal announced Monday that created uncertainty for the more than 2,200 employees of the two companies in the Odessa area and for the Permian Basin oilmen who rely on the service companies to frack their wells. Representatives of Halliburton and Baker Hughes said it is ...

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