Houston-based EnerVest Ltd. is preparing to conduct a mass layoff at its Houston headquarters.
EnerVest plans to cut about 111 employees on June 28 at its main office at 1001 Fannin St., the upstream energy company said in a Worker Adjustment and Retraining Notification Act letter filed with the state.
The layoffs will be permanent, the company said. None of the employees are represented by a union.
Issues related to the Covid-19 pandemic and an associated decline in customer demand are behind the decision to lay people off, the company said. The pandemic has caused a broad decline in demand for oil and gas, which made for a tough 2020 for companies like EnerVest in the upstream sector. EnerVest owns, leases and operates North American oil and gas assets.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.