As part of previously announced restructuring plan to reduce costs, Apache Corp. said it is planning to close its office in San Antonio and slash its global workforce by up to 15%, or about 500 jobs, the Houston Chronicle reported Jan. 9.
Associated with the office closure announcement, the oil and gas producer said it would cut more than 270 jobs, although some of the San Antonio positions would transfer to other offices, the Houston Chronicle reported, citing an Apache spokesperson.
"Apache has already centralized key activities and seen positive results and is looking to take further steps in that direction," the Houston Chronicle cited Apache spokesperson Phil West as saying.
Apache said in a letter filed with the Texas Workforce Commission that it expects to finalize the office's closing and the 272 job cuts in March, according to the report.
Houston-based Apache is an independent energy company that produces gas, oil and natural gas liquids and has operations in the Permian Basin and Gulf Coast regions.