Denver-based Whiting Petroleum Corporation will reduce its workforce by more than 100 this year.
According to data from the Texas Workforce Commission, the independent exploration and production company’s subsidiary, Whiting Oil and Gas Corporation, will lay off 102 employees in Texas due to sale of its oilfield assets: North Ward Estes field and related facilities in Ward and Midland counties.
There will be layoffs of 34 employees at each of the following Whiting sites: the Wickett field office and Wicket plant in Wickett, Texas; and the Midland office in Midland, Texas.
The layoffs will be effective either Oct. 31 or Nov. 30 and are expected to be permanent.
Whiting closed the sale of the North Ward Estes field and associated assets July 27 for $300 million, with a potential $100 million contingency payment. Some affected employees may receive an offer of employment from the buyer of the assets; however, Whiting will not have any employees in operation of the North Ward Estes field after the effective layoff date.
Whiting Petroleum had not responded to requests for comment as of press time.
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