By Associated Press, KXAN |
Oil and gas company BP says it will move headquarters staff from Houston to Denver because of the region’s importance as an energy hub.
CEO David Lawler said Wednesday there are increasing business opportunities in the Rockies, where the company has about two-thirds of its oil and natural gas production and proven reserves. BP America tells KXAN News its headquarters will remain in Houston and that only BP’s U.S. Lower 48 onshore business will establish its headquarters in Denver.
The company says it will initially have at least 200 employees at the new Denver office.
A number of employees from the company’s current head office in Houston are expected to relocate to Denver, but there will still be an office in Houston to manage the company’s operating assets in Texas. Oklahoma will also continue to be a key hub.