ConocoPhillips is splitting its vast mid-continent business in two and moving managers from Midland to Houston, as part of an internal reorganization, according to spokesman Daren Beaudo.
ConocoPhillips, the nation’s largest independent oil producer, will shut down its Odessa office in the shuffle, an effort to improve operational efficiency, Beaudo said in an e-mail. Currently, the mid-continent unit is based in Midland and stretches from Texas to the Canadian border. It includes several prolific oil plays, including the Permian Basin in West Texas and the Bakken shale in North Dakota.
Beaudo did not disclose how the company’s assets will be divided between the two new businesses, but he said senior management and asset teams for both units will relocate to Houston.
Operations staff in Conoco’s Odessa office will be moved to Midland.
Midland-Odessa TV station KMID reported that half of Conoco’s 400 Permian Basin employees will move to Houston as part of the reorganization. Beaudo did not confirm those figures, but he said the company’s Midland workforce will remain above 100 people.
Conoco’s production and operations in West Texas won’t be impacted by the moves, he noted.