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Parsley Energy lays off most workers as part of sale to Pioneer Natural Resources-government notice – Metro US

Parsley Energy lays off most workers as part of sale to Pioneer Natural Resources-government notice

Lease Operator Jeremy Jay walks through an oil production facility
Lease Operator Jeremy Jay walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland

(Reuters) – Parsley Energy will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources, according to a notice to the Texas Workforce Commission posted on Friday.

Pioneer Natural Resources is buying Parsley in a deal valued around $4.5 billion, part of a wave of consolidation among U.S. shale producers slammed by pandemic-driven collapse in oil demand.

The Parsley layoffs include 234 workers, though some of those employees will be offered jobs with Pioneer in Las Colinas, Texas or Midland, Texas, a letter to the state agency said. The layoff data is expected to be Feb. 8.

(Reporting by Jennifer Hiller; editing by Diane Craft)

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