A drilling operation, with large noise-dampening walls, operates with Longs Peak in the background near Frederick, Colorado, in 2017. (Helen H. Richardson/The Denver Post)
Houston oil and gas firm Chord Energy is closing the downtown Denver office of a firm it acquired this year.
The company told the Colorado labor department last week that 73 workers will lose their jobs as the onetime Enerplus office at 950 17th St. is shuttered.
Those 73 employees “did not receive and accept an offer of continuing employment with Chord in a location outside of Denver,” Chord executive Shannon Kinney wrote in a letter.
Those affected have dozens of job titles, including landman, staff geologist, reservoir engineer, senior software engineer and corporate properties specialist, per the letter.
Layoffs will start on Jan. 9 and continue through May 23, Kinney wrote. Chord will not have a Denver presence when they’re completed.
The 950 17th St. building, also called U.S. Bank Tower, is owned by a South Korean investor, which bought it for $194 million in late 2018. In a 2014 report, Enerplus said it leased nearly 40,000 square feet in Denver.
Chord Energy was born out of a $6 billion deal between the Colorado-based Whiting Petroleum and Texas-based Oasis Petroleum completed in March 2022. It announced a similar shutdown and layoff of a Whiting office in Denver later that year.
Chord acquired Enerplus, a Canadian firm, this year for $11 billion.
Chord didn’t respond to requests for comment about the Denver layoffs. The company also said Wednesday that it sold all its assets in the Denver-Julesburg Basin for $36.1 million. The company primarily drills in North Dakota’s Williston Basin known as the Bakkan.
Chord told the state about the layoffs in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, or WARN.
A drilling operation, with large noise-dampening walls, operates with Longs Peak in the background near Frederick, Colorado, in 2017. (Helen H. Richardson/The Denver Post)
Houston oil and gas firm Chord Energy is closing the downtown Denver office of a firm it acquired this year.
The company told the Colorado labor department last week that 73 workers will lose their jobs as the onetime Enerplus office at 950 17th St. is shuttered.
Those 73 employees “did not receive and accept an offer of continuing employment with Chord in a location outside of Denver,” Chord executive Shannon Kinney wrote in a letter.
Those affected have dozens of job titles, including landman, staff geologist, reservoir engineer, senior software engineer and corporate properties specialist, per the letter.
Layoffs will start on Jan. 9 and continue through May 23, Kinney wrote. Chord will not have a Denver presence when they’re completed.
The 950 17th St. building, also called U.S. Bank Tower, is owned by a South Korean investor, which bought it for $194 million in late 2018. In a 2014 report, Enerplus said it leased nearly 40,000 square feet in Denver.
Chord Energy was born out of a $6 billion deal between the Colorado-based Whiting Petroleum and Texas-based Oasis Petroleum completed in March 2022. It announced a similar shutdown and layoff of a Whiting office in Denver later that year.
Chord acquired Enerplus, a Canadian firm, this year for $11 billion.
Chord didn’t respond to requests for comment about the Denver layoffs. The company also said Wednesday that it sold all its assets in the Denver-Julesburg Basin for $36.1 million. The company primarily drills in North Dakota’s Williston Basin known as the Bakkan.
Chord told the state about the layoffs in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, or WARN.
