Houston oilfield service company Halliburton plans to close an office just west of Oklahoma City where more than 800 employees are losing their jobs.
In a Monday morning letter filed with the Oklahoma Office of Workforce Development, Halliburon Vice President of the MidCon Area Michael Queener wrote that the company expects to close its office in El Reno, Oklahoma.
Located about 30 miles west of Oklahoma City, the El Reno field camp was home to a dispatch command center and several hydraulic fracturing crews.
Out of the 808 employees expected to be laid off, the company’s filing shows that more than a third worked with acids used in the hydraulic fracturing process and nearly a tenth performed cementing work for oil wells.
Halliburton’s decision comes at a time when $50 per barrel crude oil prices has resulted in a shale slump with lower drilling and completion activity across the United States and Canada.
Ranked as the second largest oilfield service company in world, Halliburton remains profitable but has cut its workforce in response to slumping demand for the company’s technology and services.
Halliburton reduced 8 percent of its North American workforce during the second quarter and cut another 650 jobs in four western states in October.
Founded in 1919 and headquartered in Houston, Halliburton has more than 60,000 employees in 40 nations.
The company made a $1.66 billion profit on $24 billion of revenue during 2018.
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