FORT MORGAN — Another Colorado energy-services company has laid off workers, this time in Fort Morgan.
Basic Energy Services Inc., a Fort Worth, Texas-based energy-services provider for the oil and gas industry, permanently laid off 30 employees between March 19 and April 3, with 51 employees expected to have been laid off April 15. The cuts at 12701 Energy Road were detailed in a WARN notice filed with the Colorado Department of Labor and Employment.
Companies that meet certain criteria are required to provide advance notice of layoffs under the Worker Adjustment and Retraining Notification Act.
“As you know, the oil and gas industry is facing unprecedented challenges as a result of the COVID 19 pandemic and the international pricing war over the price of oil,” the company said in its WARN letter. “In particular, the company is facing the wide-reaching impacts of the global pandemic, a significant decline in commodity prices, and further downside price risk based on the simple economics of supply and demand.
“For those reasons, the Company, like all oilfield service providers, is currently facing a significant decrease in the amount of service orders it is receiving from customers and it anticipates additional significant decreases in the demand for its services in the near future.”
Layoffs thus far have included field supervisors and an assistant area manager.
A number of Colorado energy-services companies have announced layoffs in recent days. Halliburton Energy Services Inc. on Tuesday announced that it would cut 130 workers in Fort Lupton, and Liberty Oilfield Services LLC cut 183 jobs in Henderson in early April.