BP oil, gas headquarters moving from Houston to Denver

 

Oil giant BP is moving its U.S. onshore oil and gas headquarters from Houston to Denver, and taking about 200 of its 4,500 local employees with it. The new Colorado office, the company said Wednesday, will be closer to its operations in the Rocky Mountains, “an important energy hub of the future.”

Two-thirds of BP’s oil and gas production and proven reserves are in the Rockies, the company said. It still has operations in East Texas and South Texas’ Eagle Ford oilfield, but it sold most of its land in west Texas’s prolific Permian Basin about five years ago.

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BP said on Wednesday it will initially move 200 workers to the new Denver office. Its onshore oil and gas production division has about 450 workers here now. Houston also houses BP’s Gulf of Mexico, North America Gas and Power, wind, and upstream technology groups.

At HoustonChronicle.com, a BP exec explains why Denver is a “logical — and strategic — place” for the company.

BP's proposed headquarters building for Lower 48 oil and gas production in Denver, set to open in 2018
BP’s proposed headquarters building for Lower 48 oil and gas production in Denver, set to open in 2018
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