WPX offers 58 workers severance
Terra Energy Partners LLC is extending job offers to a “significant portion” of WPX Energy employees in Parachute, while WPX on Friday confirmed it will offer severance packages to 58 employees who did not receive offers from Terra.
A statement from Terra, a private equity-backed company, said it is committed to maintaining a strong local presence in Parachute, but after completing the integration process, it was determined certain positions will be based in Houston, where Terra is headquartered.
In early April, WPX announced it completed the sale of all Piceance Basin assets to Terra for $910 million.
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