Energy, Utilities & Water  April 7, 2015

Noble Energy plans 100 layoffs in Colorado, 20 in Greeley

GREELEY – Noble Energy Inc. (NYSE: NBL) will lay off 220 employees in the U.S., including 20 workers in Greeley and 80 in Denver, the oil and natural-gas producer said Tuesday.

The Houston-based company blamed weak oil prices for the layoffs, which it said are part of a restructuring. The price of West Texas Intermediate crude gained 4 percent to $54 Tuesday, nearly half of highs seen last summer. Responding to the uncertainty, Colorado companies have slashed their 2015 capital budgets and trimmed their workforces.

The layoffs will drop Noble Energy’s total statewide headcount to 950 from 1,050 employees.

“This realignment puts Noble…

Sign up for BizWest Daily Alerts
Closing in 8 seconds...