Grab your boots Houston! BP is relocating to Denver while claiming that city will become the new globa energy center (Dallas: buyer, bankruptcy)

[Dallas retail updater]

Originally Posted by TheMoreYouKnow

You're right, they'll start to centralize in cities near huge ports capable of handling oil and other petrochemical exportation. Now where might that be?

We are about to have driverless cars, so why not a portless global energy headquarters? Just ask Google to do it.

[Johnhw2]

Too often threads focus solely on the upstream side of the Oil and Gas business. Those refineries aren't going any where so that anchors part of the business. The Upstream and its service sector is well entrenched in Houston as well and not just the domestic and on shore Upstream side of the business, Dallas has a dab if the land based business too. ExxonMobil consolidated its D/S HQ into the new campus in Houston, moving from Fairfax VA where Mobil HQ was. This was a fairly major consolidation.

Remember the news staff major in things not too complex so forgive them if they get the facts off like this one apparently did. They didn't know their is a D/S side of the business too lol

[Jack Lance]

Originally Posted by Johnhw2

Too often threads focus solely on the upstream side of the Oil and Gas business. Those refineries aren't going any where so that anchors part of the business. The Upstream and its service sector is well entrenched in Houston as well and not just the domestic and on shore Upstream side of the business, Dallas has a dab if the land based business too. ExxonMobil consolidated its D/S HQ into the new campus in Houston, moving from Fairfax VA where Mobil HQ was. This was a fairly major consolidation.

Remember the news staff major in things not too complex so forgive them if they get the facts off like this one apparently did. They didn't know their is a D/S side of the business too lol

The OP imo heard no such thing, he is making that part of the story up to sensationalize the thread. He has refused to identify the source of this alleged report after repeated request to do so. It's time to stop feeding his mischief, me included..

[BCLRRE]

Originally Posted by TheMoreYouKnow

You're right, they'll start to centralize in cities near huge ports capable of handling oil and other petrochemical exportation. Now where might that be?

Lol, agreed, take this menace to school please. These ridiculous Dallas Houston haters have gone insane hoping, literally praying to the devil that Houston will somehow fail. All that has gotten Dallas over the years is a fall to 3rd-largest city in Texas, and a fall to 9th-largest nationally.

Instead of trolling in the Houston threads about a minor BP move, they should be more concerned about Dallas, which is on the brink of bankruptcy, and the survival of their beloved Dallas-based cash-strapped financially crippled Neiman Marcus, which could go belly-up any moment if they don't find a buyer for that old dinosaur of a retailer.

Houston is the capital of OG/Energy. BP's move of 200 ppl out of 2.5million is negligible, at best. When it comes to OG/Energy, Houston is still king.

Houston selected as site for 2020 World Petroleum Congress

Houston selected as site for 2020 World Petroleum Congress

[Jimmy1953]

Originally Posted by Jack Lance

The OP imo heard no such thing, he is making that part of the story up to sensationalize the thread. He has refused to identify the source of this alleged report after repeated request to do so. It's time to stop feeding his mischief, me included..

+1!

[PedroMartinez]

Ahhhhhhhhh, the sky is falling.

[Spade]

Originally Posted by Dallas retail updater

I am not nor have I ever been a troll. I am not a t-word. Please quit trying to paint me into a corner as one and ruining this thread. Again, notice the thesis above that I submitted pertaining ti the topic.

If I owned an energy company and had you all on board as my advisors, I'd fire the lot of you. No, on second thought, I would e-mail you your ternmination papers.

and you respond just like him lol. I mean, if you know you aren't him, there was no need to respond like you did. But...

[Milton Miteybad]

As Mrs. Miteybad is currently employed by BP, and having that much connection to the company, I may be able to supply a bit of perspective.

BP currently employs rough 79,800 personnel worldwide. About 5,000 of those work in Houston, and out of that number, roughly 200 are going to Denver to establish an office for the L48 division. BP had an office in Denver some years ago (as have many oil companies), but it was closed during one of several corporate reorganizations.

BP's GOM operations, which absolutely dwarf any other segment of BP activity in the U.S., will remain in Houston, as will most U.S. corporate management operations. Most other BP regional offices will be unaffected.

Speculation: L48 is moving to Denver in order to facilitate the marketing and eventual sale of certain U.S. assets, possibly including, but not necessarily limited to BP's operations in the San Juan Basin. The most likely target of such marketing efforts? Other operators in the Rockies, most of whom also have some presence in Denver.

BP's troubles arising out the Macondo well disaster have left the company with the apparent need to unload non-core assets so as to raise cash and improve liquidity. It would appear that L48 has been designated as a candidate for sale, and some portion or all of its assets may be on the sale block in the near future.

Upshot: There is considerably less to this announcement than meets the eye.

[Dopo]

Originally Posted by Dallas retail updater

We are about to have driverless cars, so why not a portless global energy headquarters? Just ask Google to do it.

Sure, right after we finish the moon colonies

[Dallas retail updater]

Originally Posted by Johnhw2

Too often threads focus solely on the upstream side of the Oil and Gas business. Those refineries aren't going any where so that anchors part of the business. The Upstream and its service sector is well entrenched in Houston as well and not just the domestic and on shore Upstream side of the business, Dallas has a dab if the land based business too. ExxonMobil consolidated its D/S HQ into the new campus in Houston, moving from Fairfax VA where Mobil HQ was. This was a fairly major consolidation.

Remember the news staff major in things not too complex so forgive them if they get the facts off like this one apparently did. They didn't know their is a D/S side of the business too lol

Indeed, no one is arguing that point. I was reading that the majors arrived late to the party regarding fracking. So, it is logical to assume that a lot of their resources are going to migrate elsewhere from Houston regarding that business. Just how many major energy centers are there in this nation other than Houston, Denver, Midland-Odessa, Fort Worth, New Orleans, and . . .?