Jonah Energy trims 16 positions


Low prices led to reorganization

A “very depressed”

natural gas market and gloomy

forecasts brought about reorganization at

Jonah Energy, leading the company to let

16 employees go last Thursday.

Of the 16 employees, 11 had worked

in the Sublette County office and five

were employed in Denver, Jonah Energy’s

Director of Governmental Affairs

Paul Ulrich said on Monday.

“We have strongly seen the need for

the last few months to reorganize … to

respond to very low natural gas prices,”

he said. “The next five years’ forecasts

are challenging to all gas producers in

Wyoming. It means making some very

hard decisions.”

Ulrich said the company decided to

focus on “core operations in Denver

and Pinedale” and the elimination of 16

employees in different positions would

allow Jonah Energy “to remain competitive

in the face of the longstanding

downturn in natural gas prices.”

“We truly reorganized and a number

of positions didn’t fit in with the reorganization

and we had to eliminate those

positions,” he said.

The company did provide the departed

employees with severance packages that

included short-term medical benefits and

previously planned bonuses. As for the

remaining employees, Ulrich said some

changes were made to their “very robust”

benefits packages “that simply brought

us more in line with industry standards

for paid time off and vacations.”

Ulrich added that Rocky Mountain

natural-gas producers are facing “fierce

competition” from regions where natural

gas is an inexpensive byproduct of oil

production; here producers are drilling

just for natural gas.

Jonah Energy remains “very financially

viable” and plans to continue with

four rigs in the Jonah Field and begin exploratory

drilling in the Normally

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