Noble Energy Cuts 70 Colorado Jobs

November 11, 2015

Noble Energy says it is cutting 70 jobs in Colorado.

The Houston-based firm chopped 230 jobs last spring nationwide, according to the Denver Business Journal.

Some thought the price of oil would rise since then but it's been hovering around $50 a barrel—half of what it was during the summer of 2014. That is leading to more job cuts.

In November, Noble announced a loss of $283 million during its third quarter of business. The company is in the process of curbing capital spending and exploration activity. 

You Made It...

...through this story! And by donating right now you can make even more stories like this one possible.