The number of active U.S. hydraulic fracturing fleets, which release oil trapped in shale rock, has tumbled to 365, the lowest since spring 2017, energy consultancy Primary Vision said in a note on Wednesday. Halliburton layoffs in region including North Dakota, Mask Mandates in Grand Forks, Devils Lake, National Guard soldier send off ceremony goes virtual, COVID-19 vaccine expected to go to frontline workers first once it’s available, Minot dealership raises more than $10K for Trinity’s Cancer Exercise Rehab, Bismarck man creates COVID-19 memorial for late mother and hundreds of North Dakotans who died with the virus, Adults Adopting Special Kids works to find children homes, Closed Caption Inquiries - (701) 255-5757. Halliburton will report its third-quarter earnings on Oct. 21. (Reuters) - Oilfield services firm Halliburton Co said on Monday it was cutting about 350 employees in Oklahoma, according to a filing with the state, and that its executives would reduce their salaries amid a deepening oil price rout. All quotes delayed a minimum of 15 minutes. The company is laying off 650 employees across the Rockies region, including North Dakota, Colorado, Wyoming, and New Mexico. As of the end of last year, Halliburton had about 55,000 global employees. A Bismarck man created a project to remember his mother and the hundreds more who lost their lives to the novel coronavirus. Shares of Halliburton were up 3.9% to $7.90. The coronavirus pandemic didn’t stop the Minot community from raising more than $10,000 this past weekend for those recovering from cancer. Reporting by Liz Hampton; Editing by Bernadette Baum and Cynthia Osterman. Halliburton said last month it would furlough 3,500 workers in Houston to cope with lower prices. A recent round of layoffs by oil giant Halliburton will have what’s being called 'minimal reductions' to the workforce in North Dakota, amid market conditions. Halliburton and its rivals that provide drilling equipment and services have suffered this year due to reduced spending by oil and gas producers amid weak prices. A recent round of layoffs by oil giant Halliburton will have what’s being called 'minimal reductions' to the workforce in North Dakota, amid market conditions. Our Standards: The Thomson Reuters Trust Principles. In addition to the salary reductions for executives, Halliburton will suspend certain contributions made to employee retirement accounts, the company said. All quotes delayed a minimum of 15 minutes. Apply online for jobs at Halliburton - Professional Jobs, Field Operation Jobs, Manufacturing Jobs, and more. They say there was no impact in Williston and ‘minimal reductions’ in Dickinson. The layoffs hit workers in four states: ... New Mexico and North Dakota. See here for a complete list of exchanges and delays. They also say the majority of the employees were given the option to relocate. Shares of Halliburton were up 3.9% to $7.90. In April, Halliburton closed its Minot offices and transferred workers from there to Williston and Dickinson, North Dakota, although they declined at the time to say how many. U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity. The Houston-based company was the third largest oilfield services firm by revenue last quarter, behind Schlumberger and GE’s Baker Hughes, and the largest provider of hydraulic fracking fleets. (Reuters) - U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity. Liberty said it would cut 204 workers in North Dakota, on top of the 183 it was cutting in Colorado. The stock has lost 29% of its value since the year began. Halliburton Cuts 8% of North American Fracking Jobs July 24, 2019 0 0 After the Frac slowdown that started in the early part of the year, The world’s biggest provider of fracking equipment, including Rock blasting Pressure Pumping pumps and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it’s parked in the U.S. and Canada. It estimates as many as 60 more fleets could be idled before the end of the year. Energy companies have slashed spending since oil prices crashed this year more than 60%, taking prices below $30 a barrel, less than the cost of production. Most of the affected employees were given the option to relocate to jobs in other locales where more business is anticipated, she said. See here for a complete list of exchanges and delays. U.S. crude futures were trading at $26.85 a barrel on Monday, down about 3% after OPEC+ members delayed a meeting on output cuts. They are down 68% year-to-date. The cuts are in addition to an 8% North American workforce reduction that Halliburton announced earlier this year. Spending by U.S. independent producers is projected to fall 11% this year, according to analysts at Cowen and Co. “Making this decision was not easy, nor taken lightly, but unfortunately it was necessary as we work to align our operations to reduced customer activity,” said spokeswoman Emily Mir by email. The company is anticipated to report earnings of 35 cents per share, down from 50 cents per share the same quarter last year, according to data from Refinitiv IBES. Reporting by Liz Hampton in Houston and Shariq Khan in Bengaluru; Editing by David Gregorio and Peter Cooney. They are down 68% year-to-date. Start your day with the latest news and weather information. Halliburton North Belt office with layoff boxes stacked in every floor preparing for ... And if you're in the latter group, then layoffs happen about like they do in the market in general. Our Standards: The Thomson Reuters Trust Principles. Of the latest cuts, 178 were in Mesa County in western Colorado, according to a filing with the state’s Department of Labor and Employment.

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