U.S. shale producers’ Pioneer Natural, Parsley prepare job cuts – Reuters

(Reuters) – Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses. The cost cuts are the latest by oil and gas producers as oil demand and prices have plunged…

U.S. shale producers’ Pioneer Natural, Parsley prepare job cuts – Reuters

(Reuters) – Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses. The cost cuts are the latest by oil and gas producers as oil demand and prices have plunged due to the COVID-19 pandemic. More than 100,000 jobs in the U.S. industry had been axed this year through mid-June, consultancy Ry
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