Southwestern Energy to cut jobs in Appalachia
Sunday, January 24, 2016
Pittsburgh Tribune-Review reports that Southwestern Energy Co. is eliminating 40 percent of its workforce.
Based in Houston, Texas, Southwestern Energy is cutting 200 positions in Northeast Pennsylvania and in the Utica and Marcellus areas in the southwest part of the state. Other jobs will be cut in Houston and in Arkansas’s Fayetteville shale.
According to the newspaper, Southwestern was one of Pennsylvania’s top shale gas producers. Now, with prices the lowest they’ve been in years, Southwestern is hoping to remain competitive after the cuts.
Via: Pittsburgh Tribune-Review > Southwestern Energy cutting 40% of workforce, 200 jobs in Appalachia
Related: Southwestern Energy has big plans for Marcellus Shale in 2015
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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