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ExxonMobil has notified 59 employees of impending layoffs as it restructures its workforce following its $60bn acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission seen by Reuters. 

According to the filing, the layoff notices involve 39 workers from Las Colinas, a Dallas suburb in Irving, Texas, where Pioneer Natural Resources’ previous headquarters were situated, Reuters reported. Additional job cut notifications include 18 employees from Midland in the Permian Basin and two from the Concho Valley in West Texas. 

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Exxon has not revealed how many of the 59 employees will be laid off or offered new positions at the company. 

Exxon stated that more than 1,500 Pioneer employees were given job offers as part of the merger. Prior to the deal, Pioneer had approximately 2,200 employees.  

According to Reuters, Exxon said that Pioneer employees who were given warnings have either been offered transition roles or refused offers to join Exxon. 

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Exxon completed its purchase of Pioneer Natural Resources on 3 May 2024. The union of Exxon and Pioneer aims to establish an innovative enterprise with significant, profitable growth opportunities in the Permian Basin.  

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With Pioneer’s 850,000 net acres in the Midland Basin and Exxon’s 570,000 net acres in the Delaware and Midland Basins, the company now holds more than 1.4 million net acres in the region, representing an approximate resource of 16 billion barrels of oil equivalent. The merger formed the industry’s top high-quality undeveloped US unconventional inventory position, Exxon said in a statement.  

Exxon saw the deal as a chance to enhance energy security in the US by introducing top-notch technologies, operational expertise and financial strength to a significant domestic energy source. The company said that enhancing the domestic supply would positively impact the US economy and its citizens.