Noble Energy is cutting almost 220 people from its workforce and realigning in response to "current business and commodity price environments."
One of the state’s largest oil producers, Noble is cutting 100 positions here, 80 of them in Denver and 20 of them in Greeley.
A spokesman for the company said that the realignment will put Noble’s workforce size in line with expected activity levels this year.
The company said in February that it would cut capital spending nationwide by 40 percent. The news comes after Noble built a brand-new operations center in Greeley in 2012, and just recently completed an expansion to that building.
"We remain committed to our Colorado communities as we are in all our core operating areas," the company said in a statement on Tuesday.
- How is the flagging oil industry affecting you? Let us know
- Tumbling oil prices knock Weld County down, but not out
Refresh this page for updates.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!