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Houston Energy Company Cuts Jobs As Rig Count Drops

Apache Corp. Layoffs Show Trouble in the Oil Patch
Apache Corp.'s office in Midland, Texas, where it will reduce its staff as it pulls back on Permian Basin drilling. (CoStar)
Apache Corp.'s office in Midland, Texas, where it will reduce its staff as it pulls back on Permian Basin drilling. (CoStar)
CoStar News
March 22, 2020 | 5:00 P.M.

A Houston-based energy company is laying off 85 employees in Midland, Texas, and slashing its production in the Permian Basin in the southwestern U.S. amid collapsing oil prices.

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