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Tuesday, January 13, 2015

Antero Resources Lays Off Over 250 In Response to Low Oil Prices

From The Exponent Telegram:
Antero Resources will be laying off more than 250 contract land brokers operating in the region, a company official said Monday. 
Al Schopp, Antero’s regional vice president and chief administrative officer, said the Denver-based exploration and drilling company is laying off the land brokers to “focus as much capital as we can into our drilling program.”

Schopp said the layoffs will only affect contract land brokers and not Antero’s employees.

“It’s not good news,” Schopp said. “It’s not what we like to see.”

Schopp attributed the layoffs to the low oil prices that have impacted many energy companies in recent months.
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