Noble Energy to cut jobs in Colorado, U.S.

NobleEnergyLogoCathy Proctor – Reporter- Denver Business Journal – April 7, 2015

Noble Energy Inc., one of the biggest oil and gas companies working in Colorado, on Tuesday said it “is implementing an organizational realignment of its U.S. operations,” a move that will cut jobs in Denver, Greeley, Houston and Canonburg, Pennsylvania, according to a company spokesman.

Steve Silvers, a spokesman for Noble (NYSE: NBL) in Denver, said the company is cutting about 220 positions across the U.S., with about half of those losses coming from its Colorado operations.

The cuts represent about 10 percent of the company’s 2,200 U.S. employees, Silvers said.

“This realignment puts Noble Energy’s organizational structure and workforce size in line with expected activity levels in each area, and is accomplished by both centralizing resources and reducing our workforce as appropriate,” Silvers said.

About 80 positions will be eliminated in Denver; about 20 positions will be cut in Greeley, and about 100 jobs were eliminated in Houston, he said.

Continue reading story at The Denver Business Journal


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