A Houston-based energy company plans to close its office in Oklahoma City and eliminate up to 97 full-time jobs.
The Oklahoman reported that HighMount Exploration and Production LLC announced the plans in a letter to the Oklahoma Commerce Department.
The company plans to lay off 48 employees between October 24 and November 3 and says additional cuts are planned.
Last May, Loews Corp. announced the possibility of selling its wholly owned subsidiary HighMount and in August announced the sale.
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