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Old 06-17-2017, 12:06 AM
 
Location: Funky Town, Texas
4,135 posts, read 7,190,651 times
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With XTO leaving downtown it's time for Fort Worth to aggressively pursue new companies and enter new industries. What are your thoughts my fellow Fort Worthians?


XTO Energy Moving Out Of Fort Worth, Taking 1,000+ Jobs « CBS Dallas / Fort Worth
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Old 06-17-2017, 06:29 AM
 
30,091 posts, read 47,327,614 times
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Going to be a big hurt because those were well-paid jobs w/benefits
I think many of those people will chose to relocate if there are moving benefits--
The market for selling a house is good so it just depends on the spouse/kids---
If they are willing and able to move...
Houston has high COL--higher than DFW probably--but also strong job market for spousal employment...
These jobs are going to north--maybe the Woodlands location--and there are good schools in that area...
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Old 06-17-2017, 06:34 PM
 
Location: Los Angeles-Houston-DFW
1,683 posts, read 838,878 times
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Houston COL is lower than DFW as a whole. Higher than the FW Division by itself though.
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Old 06-17-2017, 09:43 PM
JJG
 
Location: Fort Worth
13,247 posts, read 19,177,967 times
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I see it more as an opportunity than a loss.

All those buildings were refurbished and left in better condition than it was before the company took over.
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Old 06-17-2017, 09:55 PM
 
1,221 posts, read 590,234 times
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Quote:
Originally Posted by loves2read View Post
Going to be a big hurt because those were well-paid jobs w/benefits
I think many of those people will chose to relocate if there are moving benefits--
The market for selling a house is good so it just depends on the spouse/kids---
If they are willing and able to move...
Houston has high COL--higher than DFW probably--but also strong job market for spousal employment...
These jobs are going to north--maybe the Woodlands location--and there are good schools in that area...
You are incorrect on Houston's COL compared to D/FW. I'm a Houston native and live now in the D/FW area. COL of living is pretty damn equal. In fact, housing prices in Houston are likely lower due to layoffs the last few years from the slowing energy industry.


For those in XTO, depends most likely they are being merged into Exxon's new Spring, Tx campus which can accommodate 10,000 workers. If not there, then on the far west side of Houston in the Energy Corridor.
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Old 06-17-2017, 09:57 PM
 
1,221 posts, read 590,234 times
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Quote:
Originally Posted by kdogg817 View Post
With XTO leaving downtown it's time for Fort Worth to aggressively pursue new companies and enter new industries. What are your thoughts my fellow Fort Worthians?


XTO Energy Moving Out Of Fort Worth, Taking 1,000+ Jobs « CBS Dallas / Fort Worth


I agree. I think even FW should have been doing more several years ago. The City certainly has the land along the Chisholm Trail Parkway for businesses to grow.
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Old 06-18-2017, 01:08 AM
JJG
 
Location: Fort Worth
13,247 posts, read 19,177,967 times
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In 9 years, we went from this, to this...
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Old 06-18-2017, 09:02 AM
 
335 posts, read 889,893 times
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DENVER BUSINESS JOURNAL - XTO Energy Inc. will close its regional office in metro Denver office and relocate the 110 jobs based there, a spokeswoman says.

It’s part of a larger move announced Friday by XTO's parent company, ExxonMobil Corp. (NYSE: XOM), to consolidate its employees at the company’s new headquarters campus near Houston.

XTO will close its Denver-area office by Sept. 1, 2017, XTO spokeswoman Emily Snook said. The office is located at 9193 S. Jamaica Street in the Meridian business park in Douglas County.

The company did not say where the 110 Denver-area jobs will be relocated to.

ExxonMobil said it also plans to move 1,600 jobs out of XTO’s offices in Fort Worth, Texas, to the company's offices north of Houston between 2018 and 2020.
****
ExxonMobil's XTO Energy to close Denver-area regional office, relocate 110 jobs | 9news.com
****
Exxon really is packing up everything XTO and moving it to The Woodlands area where they have already consolidated so much including moving their downstream ops from Virginia.
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Old 06-18-2017, 01:28 PM
 
Location: Arlington, TX
1,443 posts, read 804,016 times
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I thought our esteemed mayor recently went to Europe to promote our city to business leaders.
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Old 06-18-2017, 08:00 PM
 
Location: Funky Town, Texas
4,135 posts, read 7,190,651 times
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Quote:
Originally Posted by tcualum View Post
I thought our esteemed mayor recently went to Europe to promote our city to business leaders.
Under Mayor Price watch we have loss two Fortune 500 companies in the core XTO and DR Horton. Not to mention the demise of former Fortune 500 company RadioShack. Pier One is the only notable big name company in the core I can think of at the moment. The Dallas side of the metro continues to lure in companies left and right. Head south down interstate 35 and San Antonio is now home to 5 Fortune 500 companies I believe. Austin continues to attract tech companies.
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