Noble begins second round of layoffs

Noble Energy is eliminating approximately 180 jobs across its operations, according to various media sources. The job cuts include approximately 60 in Texas, 45 in the Marcellus shale play in Pennsylvania, and 70 in Colorado.

In Texas, the layoffs will include positions in Noble’s Houston headquarters, along with jobs in the Permian Basin and in the Eagle Ford shale play, where Noble has recently expanded operations following its takeover of Rosetta Resources.

Earlier this year, Noble pulled its rigs from the Marcellus shale play, and has dropped from four rigs to three in the Denver-Julesburg Basin of Colorado, according to the Houston Business Journal. Noble plans to operate one rig each on acreage in the Eagle Ford shale play and in the Permian Basin.

Noble reported a loss of $283 million in the third quarter of this year, and plans to trim spending and exploration activities until market conditions rebound.

This is the second round of job cuts for Noble this year. In April, the company eliminated about 10% of its workforce. After this latest round of layoffs, Noble will have approximately 2,400 employees across its onshore and international operations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...