OKLAHOMA CITY (AP) — A Houston-based energy company plans to close its office in Oklahoma City and eliminate up to 97 full-time jobs.
The Oklahoman reported (http://bit.ly/ZYci09 ) Friday that HighMount Exploration and Production LLC announced the plans in a letter to the Oklahoma Commerce Department.
The company plans to lay off 48 employees between Oct. 24 and Nov. 3 and says additional cuts are planned — and said in the letter that when the layoffs are complete the Oklahoma City office will be closed.
The Houston-based private equity firm EnerVest Ltd. has announced an agreement to buy HighMount from New York-based Loews Corp. for an undisclosed price. Loews bought HighMount in 2007 for about $4 billion.
