BISMARCK, N.D. (AP) - A major producer in North Dakota’s oil patch has announced it is cutting more than 250 jobs companywide.
Denver-based Whiting Petroleum announced the cuts Wednesday as part of restructuring effort that will save the company about $50 million annually.
The Bismarck Tribune reports it’s unclear how many of those lost positions are in North Dakota. Whiting operates primarily in North Dakota and northeast Colorado.
The job losses represent one-third of Whiting’s workforce. The company says 94 of the jobs were executive or corporate positions.
State data show the company has more than 1,500 active oil and gas wells in North Dakota.
___
Information from: Bismarck Tribune, http://www.bismarcktribune.com
Please read our comment policy before commenting.