From Dallas Business Journal
Fort Worth-based Range Resources Corp. (NYSE: RRC) will close its Oklahoma City office and move about 30 jobs to Fort Worth. Another 60 workers will be laid off.
The oil and natural gas producer closed the OKC office Tuesday. Affected employees immediately were put on a 60-day paid leave before their employment ends April 20, according to a notice sent to Oklahoma officials.
The Oklahoma City office handled exploration and engineering for Range Resources’ MidContinent division.
Ray Walker, Range Resources’ chief operating officer, said in a statement that low commodity have created a “harsh reality” that led them to have to cut jobs.
“This is not a decision that we take lightly,” Walker said. “All of the talented and hardworking men and women affected by the workforce reduction have earned our respect as professionals and as people.”
Responsibilities managed in Oklahoma City now will be managed out of Fort Worth, the company said.
Range will maintain field offices in Tonkawa and Fairview in Oklahoma and Pampa, Texas.
Range Resources’ largest play is the Marcellus in Pennsylvania, where it has 1 million net acres. It has about 360,000 net acres in the Mid-Continent, including liquids-rich plays in the Mississippian and St. Louis lime.
