Ovintiv Inc.

Karnes City, TX
https://www.ovintiv.com/
Energy

Layoff Date:

March 29, 2021

Laid Off Employees:

95

Laid Off Percent:

Source: FreightWaves
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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