People | Service & Supply | Oilfield Services | Job Cuts / Downsize / Layoff
Superior Energy, NOV Cut Jobs as Frac Fleets/Spreads Fall
Print
|
Important note : "If you are a current paid subscriber to Shale Experts and you have been affected by these job loses but want to stay current with events, please contact us for a complimentary subscription. I want to emphasize paid subscribers here, you must be a paid subscriber"
Two service providers have announced further jobs cuts in reponse to the lull in industry activity. This is in addition to the cuts announced this week by Halliburton.
The job cuts have been reported by Superior Energy Services and National Oilwell Varco.
NOV has closed its Galena Park office outside Houston and reported 85 layoffs as a result of the closure, according to a report by The Houston Chronicle.
Additionally, the Dallas Morning News has reported that Superior Energy Services cut 112 jobs at its Permian "Pumpco" unit.
The frac market has taken a hit according to Shale Experts Frac Database. We have seen fleet reduction to the tune of 24% year to date. Current active/working fleets as of 12/4/2019 was 332 vs 437 as of 1/1/2019.
Learn more about Shale Experts Frac Database
Frac Fleets by Basin
More Job Cuts / Downsize / Layoff News
Exxon to Cut Corporate Workforce 5-10 Percent Annually
ExxonMobil is launching an initiative to reduce its workforce during the next three to five year period, according to a report by Bloomberg. Citing people familiar with the…
Marathon Trims Workforce by 100 Employees (5%), Reduces Exec Pay
Marathon Oil has cut approximately 5% of its workforce, according to a report by Reuters. Out of a total of ~2,000 workers, around 100 employees were let go…
Shell to Cut 700 Workers As It Shutters Louisiana Refinery
Royal Dutch Shell will be slimming its workforce by almost 700 as a result of the closure of its Convent Louisiana refinery, according to multiple reports. The layoff…
Parsley to Lay Off Austin Team as Part of Merger with Pioneer
Parsley Energy will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources, according to a notice to the Texas Workforce…
Exxon to Cut 700 Houston-Based Employees from Workforce
ExxonMobil will lay off more than 700 workers in the Houston area, according to a warn notice sent to the Texas Workforce Commission. The compay previously disclosed it…
Gulf Coast News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Ascent Resources may not be making headlines with rig additions or dramatic well count increases, but a closer read of their March 2026 investor presentation — compared against…
Mid-Continent News
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Infinity Closes $1.2B Utica Upstream & Midstream Deal
Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…