Two shale producers have plans to start cutting jobs, sources in the know who wished to remain unnamed have told Reuters. Parsley Energy plans to cut 10 percent of all 496 jobs it has created. The number of layoffs at Pioneer Natural Resources remains a secret, but its total workforce is about 2,300 people. Both companies, like most in the industry, swung to losses in the second quarter as the oil price collapse and the pandemic pummeled them into the ground and made it hard to get up again. Parsley, which had earlier called for mandatory production cuts in Texas, reported a net loss of some $400 million for the second quarter of the year. On the positive side, the company boasted positive free cash flow during the quarter and a lease operating expense of just $3.69 per barrel. Still, this was not enough to make it optimistic for […]