U.S. SHALE OIL JOBS CUTS
REUTERS - Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns.
Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, and Laredo Petroleum Inc another Permian producer, this week disclosed plans to shed workers.
Irving, Texas-based Pioneer declined to say how many of its about 3,200 employees would be cut. The…
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