Range Resources makes workforce cuts
Saturday, February 6, 2016
According to Pittsburgh Tribune-Review, Range Resources Corp. will lay off 55 of its workers, 31 of which work in Washington County, Pennsylvania.
Range is the fourth-largest natural gas driller in Pennsylvania. The company cut spending last year, sold its Virginia gas operations and reported a third quarter loss in 2015, according to the newspaper. The cuts are intended to put the company in a better position once prices recover.
Range isn’t the only shale producer making cuts; Cabot Oil & Gas is scaling back on capital spending this year and Southwestern Energy cut 40 percent of its workforce.
Via: Pittsburgh Tribune-Review > Range Resources to lay off 55 workers
Recent Range Resources news:
- Range Resources to ship ethane from Marcus Hook Jan. 23, 2016
- Range Resources sells assets to pay down debt Nov. 7, 2015
- Range Resources down for another quarter Nov. 2, 2015
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