An Industry in Peril: Experts take a look at the state of Houston’s energy sector

As the global pandemic continues to impact industries across Houston, one of the hardest hit has been the energy industry.

In April, the Houston Business Journal reported how oil and gas companies are cutting costs and/or headcount. One example is Houston-based Halliburton Co. (NYSE: HAL), which put 3,500 Houston employees on a 60-day furlough. In May, Halliburton laid off about 1,000 employees at its corporate headquarters in Houston, in addition to job cuts in Oklahoma and two facility closures…

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