By Maria Armental
WPX Energy Inc. is laying off 83 workers and consolidating
operations to its headquarters, citing sharply lower commodity
prices.
About 120 workers will be receiving offers to relocate to Tulsa,
Okla., WPX said, adding it plans to keep fewer than 15 workers at
its Denver office.
Last month, the exploration and production company said it was
slashing its capital plan for the current year to $725 million,
about half of spending in 2014, given the lower oil and gas
prices.
WPX, spun off in 2011 from pipeline operator Williams Cos.,
drills for oil and natural gas in North Dakota, New Mexico and
Colorado.
The layoffs account for about 8% of its workforce, the company
said.
Write to Maria Armental at maria.armental@wsj.com
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