The Tulsa regional office of a Houston-based oil and gas company will be closing, Apache Corp announced Monday. Some of those employees will be relocated to Texas, according to a company spokesperson.
"These are difficult times for the oil and gas industry, and Apache is focused on lowering our cost structure and improving efficiencies," said Public Affairs Director Castlen Kennedy.
The company reorganization includes closing the company's regional office in Tulsa and relocating some of their Tulsa employees.
"The decision to close our Tulsa office was a very difficult one, and one we made after careful review. Tulsa has been a great host to Apache and our employees over the years," Kennedy said.
"We are going to try to relocate as many employees as we can to other Apache locations - primarily to Houston but possibly also to Midland or San Antonio. At this time, we do not know how many will ultimately transfer," Kennedy said.
The office, which has about 160 employees, will close August 1.
In January, Apache laid off some of its Tulsa employees. They said the moves were needed due to falling gas prices.
According to its website, Apache Oil Corporation was founded in 1954 in Minneapolis, Minnesota. It drilled its first wells in 1955 in the Cushing Field in Oklahoma.
The company has operations in the United States, Canada, Egypt, the United Kingdom and Australia