Shale downturn claims more Halliburton jobs in Oklahoma and Texas
HOUSTON – Halliburton is making reductions in its field staff in Oklahoma and Texas, including its Duncan field camp, as the company continues to adapt to a new market normal following the most recent crash in shale exploration.
In a statement, the company said “unfortunately, Halliburton is making reductions at our Duncan field camp in Oklahoma and locations in Texas as we adjust our workforce to reduced customer activity. This was a difficult decision, but is a necessary action as we work to successfully adapt to challenging market conditions.”
A specific tally of the number of positions to be reduced was not provided.
This announcement is the most recent of Halliburton’s efforts to meet the new economic realities of a global oil production war, made more challenging by unprecedented demand destruction in the face of the COVID-19 pandemic.
In March, Halliburton announced compulsory reduction of hours for 3,500 employees at its corporate headquarters in north Houston.