SandRidge Energy Subsidiary in Oklahoma Cuts Hundreds of Jobs

SandRidge Energy Inc., an oil and natural gas exploration and production company based in Oklahoma City, announced Jan. 13 the closing of a large portion of its oilfield services subsidiary Lariat Services. This will result in the layoffs of 226 employees, or about 87 percent of the 260 employees in its Northwest Oklahoma office.

In an emailed statement to Rigzone, SandRidge spokesperson David Kimmel said “the decision to close a significant portion of Lariat Services was a difficult, but necessary one, driven by the unprecedented environment currently facing our entire industry.”

Kimmel also cited “significantly lower drilling budgets and associated well counts across the sector” for creating “an unsustainable market for Lariat’s operations.”

Oilfield services companies have been hit particularly hard since the beginning of the oil and gas industry downturn and 2015 saw more than 250,000 oil and gas jobs lost globally.  

The Lariat Services layoffs do not include any SandRidge personnel.

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Operations Manager
Expertise: Operations Management
Location: Broussard, LA
Sourcer, Talent Acquisition
Expertise: HR - General|HR - Recruitment
Location: Houston, TX
Transmission Line Engineering Intern Job
Expertise: Electrical Engineering|Student / Recent Grad
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours