Halliburton (HAL) Said to Cut Jobs in North Dakota

Halliburton (NYSE: HAL) is cutting jobs in North Dakota as oil prices continue to be pressured.

The specific number of cuts couldn't be immediately learned, according to Reuters on Monday night.

In an emailed statement, Halliburton commented, Halliburton will continue to monitor the business environment and will adjust the size of our workforce to align with current business demands as needed.

News comes as crude prices are down from levels above $90 per barrel during the same period last year, with futures now trading around $45 per barrel. Headcount reductions have largely come from oil giants over the past year to accommodate for lower revenue on tempered demand expectations. North Dakota has been hit particularly hard as the oil boom went bust in the region. For more color, click here.

Shares of Halliburton are flat early Tuesday.

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