Oil giant and formerly Dallas-based ExxonMobil company is cutting 397 workers from recently acquired Pioneer Natural Resources, another blow to North Texas’ shrinking oil and gas sector. The layoffs come after ExxonMobil,

ExxonMobil this week filed a Worker Adjustment & Retraining Notification (WARN) notice with the Texas Workforce Commission that it will be laying off almost 400 employees from Pioneer Natural Resources,

Exxon Mobil Corporation XOM, the U.S.-based oil and gas giant, has entered into an agreement to sell its older assets located in the Permian Basin of Texas and New Mexico. The company has not disclosed the buyer of the assets or the deal’s valuation.