Parsley Energy Inc. will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources Co., according to a notice to the Texas Workforce Commission posted on Dec. 11.
Pioneer Natural Resources is buying Parsley Energy in a deal valued around $4.5 billion that is 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.
Brenda Schroer previously served as senior vice president, CFO and treasurer of Concho Resources, where she oversaw the company’s ESG reporting.
Rising oil prices have sparked optimism for EOG Resources and other shale producers after enduring a year of destruction in the oil markets, with WTI futures in the U.S gaining 23% in the first quarter.
Today’s featured 25 Influential Women in Energy honoree is Lindsay Grider, head of investor relations at Tailwater Capital based in Dallas.