Announced Pay Reductions - Pay Reductions are as of April 18, 2020 From Chris Havey, Partner and Ryan McDonough, Consultant, The Woodlands, Texas Meridian is currently tracking announced pay reductions within the oil and gas space. The largest number of reductions to date have been announced in the oilfield services sector. We’re planning on regularly updating this list and re-posting at www.meridiancp.com/insights/energy. Oilfield Services, Exploration and Refining and Storage and Equipment, and Production Marketing Transportation Drilling . Essential Energy . Contango Oil & Gas . Gevo salary/LTI . DCP Midstream cash Services cash reduction incentive compensation reduction 3/31 reduction 4/13 4/16 reduction 4/17 . PBF Energy . Inter Pipeline salary . CES Energy Solutions . Gran Tierra Energy salary/compensation reduction 3/30 salary reduction 4/16 salary reduction 4/16 reduction 3/30 (more . Weatherford . Gear Energy salary details 4/17) International salary reduction 4/16 . Parkland Fuel reduction 4/15 . ConocoPhillips pay Corporation salary . CSI Compressco salary increase cancellation reduction 3/30 reduction 4/13 4/16 . Quintana Energy . Callon Petroleum cash Services salary reduction reduction 4/16 4/13 . Noble Energy salary . Superior Drilling reduction 4/15 Products salary . Lilis Energy salary reduction 4/9 reduction 4/15 . ProPetro salary . PDC Energy pay reduction 4/9 reduction 4/14 . Tetra Technologies . Transatlantic Petroleum salary reduction 4/8 compensation reduction . Smart Sand cash 4/9 reduction/AIP . Kelt Resources salary suspension 4/8 reduction 4/9 . Nuverra Environmental . SM Energy salary/LTI Solutions reduction 4/7 compensation/salary . reductions 4/8 Sandridge Energy salary reduction 4/7 . Newpark Resources salary reductions 4/8 . TransGlobe Energy compensation reduction . KLX Energy Services 4/2 (details in proxy 4/3) wage reduction 4/8 . Parex Resources salary . Pacific Drilling salary reduction 4/2 reduction 4/7 . Extraction Oil & Gas . Halliburton salary cash reduction 4/2 reduction 4/7 . Cenovus Energy salary reduction 4/2 . Vantage Drilling salary . Barnwell compensation reduction 4/6 reduction 4/2 . Trican Well Service cash . Murphy Oil salary reduction 4/6 reduction 4/1 . Independence Contract . PEDEVCO salary Drilling cash reduction reduction 3/31 4/6 . Bonanza Creek Energy . TerraVest salary salary reduction 3/28 reduction 4/3 . Matador Resources . Cactus salary reduction salary reduction 3/26 4/3 . Occidental Report 3/25 . Total Energy Services . Canadian Natural salary reduction 4/2 Resources salary . STEP Energy Services reduction 3/18 salary reduction 4/2 . Baytex Energy cash . Patterson-UTI reduction 3/18 compensation reduction . Parsley Energy cash 4/2 reduction 3/18 . NCS Multistage salary . Kosmos Energy bonus reduction 4/2 cancellation 3/17 . ION Geophysical cash . Abraxas Petroleum reduction 4/2 salary reduction 3/16 . Forum Energy . Matador Resources Technologies salary salary reduction 3/11 reduction 4/2 . Schlumberger salary reduction 4/1 (more details 4/17) . Tervita salary reduction 3/31 . Calfrac Well Services salary reduction 3/27 . Superior Energy salary reduction 3/25 . Nabors Industries salary reduction 3/25 . Secure Energy Services salary reduction 3/24 . Precision Drilling salary reduction 3/24 . FTS International cash reduction 3/23 . Ensign Energy Services salary reduction 3/23 . Apergy Corporation salary reduction 3/23 . U.S. Well Services salary reduction 3/20 . Liberty Oilfield Services salary reduction 3/12 (updated 4/2) .