Ovintiv Inc. plans to permanently terminate 95 workers at its Karnes City facility by July 31. The layoffs represent half the company's workforce in Karnes City, where the company produces, transports and markets oil and natural gas products from the Eagle Ford Shale. Ovintiv did not give a reason for the layoffs, but the announcement comes several weeks after the company agreed to sell drilling rights in South Texas to Validus Energy for $880 million.
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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.