The Houston-based Exterran Holdings has shut down it’s Calgary gas compression facitilites, laying off 116 employees due to the downturn in the natural gas market. The Company stopped production last month and will have an auction of certain equipment later this month.
The Petroleum Services Association of Canada has estimated over 10,000 people have been laid off on the services side of the business. Cuts in drilling activity and production cuts is having a serious impact on businesses that support and service the energy market – especially in the natural gas. The Horn River basin remains the only active basin for natural gas in Canada, and one of only three in North America.
Calgary Herald: Gas compression firm closes shop in Calgary
