WPX offers 58 workers severance | PostIndependent.com

WPX offers 58 workers severance

Ryan Hoffman
WPX Energy is selling its assets in western Colorado.
Heidi Rice / Post Independent file |

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.

Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.