- Calfrac Well Services (OTCPK:CFWFF) says it has cut another 500 jobs from its North American workforce, and now has 2,300 fewer workers in North America than at the start of 2015.
- Calfrac CEO Fernando Aguilar says oil price weakness has led to unprecedented cuts in capital spending from the E&P companies it serves.
- Separately, Repsol's (OTCQX:REPYF, OTCQX:REPYY) Canada subsidiary - formerly Talisman Energy - says it is reducing its work force in the country’s oil patch by 10%-15%, which would put ~345 people out of work based on the company’s headcount at the end of last year.
- The Canadian Association of Oilwell Drilling Contractors estimates that 100K industry jobs have been lost since the downturn began.