17 h 33 m, 10 mar 2016 año - Anadarko announces layoffs

Descripción:

Anadarko announces layoffs affecting 1,000 employees, or 17% of its staff. The layoffs were the result of weak commodity prices

"Anadarko Petroleum to lay off big chunk of its workforce By Cathy Proctor Reporter, Denver Business Journal Mar 10, 2016 Updated Mar 10, 2016, 5:33pm MST Anadarko Petroleum Corp., Colorado’s biggest oil and gas company, will cut about 1,000 jobs across the company, 17 percent of its workforce, company officials said Thursday.

Anadarko (NYSE: APC), based in The Woodlands, a suburb of Houston, like its peers across the oil and gas industry has struggled with more than a year of low commodity prices and recently cut its it budget by nearly 50 percent. It’s the second-largest independent U.S. oil company after ConocoPhillips.

Company officials confirmed that jobs were lost in Colorado, but declined to break out numbers for its operations in the state.

“We will continue to have a substantial presence here, with more than 1,000 employees working in the Denver-Julesburg Basin, which is one of our top two U.S. operations,” said Robin Olsen, a Denver-based spokeswoman for Anadarko.

The Denver-Julesburg Basin sprawls north and east of Denver to the state lines. It's been the heart of the oil boom in Colorado in recent years, and Anadarko has been the biggest operator in the area.

“This is really difficult for us because these are our friends and coworkers, and this is a very difficult time,” Olsen said.

“But the reductions are necessary as we navigate through a difficult market environment and adjust our workforce given the lower capital program and reduced drilling levels. It will help ensure that the program is appropriately staffed for the current and future market,” she said.

Anadarko, which has operations in the U.S. and around the world, said earlier this month that it expects to spend between $2.6 billion and $2.8 billion this year, down nearly 50 percent from its 2015 budget.

About half that money, $1.1 billion, will be spent in the United States, and about half that amount — approximately $500 million — spent in Colorado’s Denver-Julesburg Basin during 2016, according to the company.

By comparison, Anadarko said a year ago it expected to spend about $1.8 billion on its Colorado operations in 2015.

The company also said earlier this month that it planned to cut the number of drilling rigs it operates this year by 80 percent, down to five drilling rigs this year from an average of 25 last year.

Four of those rigs will operate in the Delaware Basin in west Texas, where “the company’s successful activities in this play have reduced well costs, identified additional prospective zones and doubled the estimated recoverable resources to the equivalent of more than 2 billion barrels of oil.”

As for its Colorado operations, “in the DJ Basin, the company expects to operate one rig, compared to seven in 2015,” Anadarko said.

It also will have about two crews of people working on hydraulic fracturing — or fracking — operations, the company said."

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