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Oil Company Closes Oklahoma City Office, 100 Jobs Lost

A rig hand on a Triad Energy horizontal drilling operation near Alva, Okla. Company CEO Mike McDonald says he likely wouldn't have drilled the well with out a tax break Oklahoma's House Speaker has proposed making permanent.
Joe Wertz
/
StateImpact Oklahoma

Range Resources Corp. has closed its Oklahoma City office, resulting in the loss of 100 area jobs.

The Texas-based oil and natural gas producer closed its Oklahoma office Tuesday, the latest casualty of falling oil prices. Employees were placed on 60-day paid leave before their employment officially ends April 20, according to a notice sent to state and local officials.

Range Resources said the opportunity to transfer to other locations was offered to some employees. Those who did not receive an offer will get severance packages.

The Oklahoman reports that the job responsibilities that were handled at the Oklahoma City office will be transferred to the company's Fort Worth offices.

The company's chief operating officer, Ray Walker, said in an emailed statement that low commodity prices led to the decision to reduce spending and close the office.

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