Devon Energy to Relocate Houston Branch to Oklahoma City - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Devon Energy to Relocate Houston Branch to Oklahoma City

Posted: Updated:

OKLAHOMA CITY (AP) - Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City.

The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in south and east Texas and Louisiana. Devon says the closure of the Houston office will save the company about $80 million annually.

Dave Hager, the executive vice president of exploration and production for Devon, says consolidating the offices will make it easier for the company to shift workers between project areas as economic conditions dictate.

The company says that Houston-based workers in technical positions - like geoscientists and petroleum engineers - are most likely to be transferred to Oklahoma City.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • NewsMore>>

  • Army Worm Invasion Devastating Tulsa Lawns

    Army Worm Invasion Devastating Tulsa Lawns

    Oklahoma's mild summer could cost homeowners thousands of dollars.Army worms are destroying lawns.The rain and lush growing conditions make the situation perfect for an invasion.The last major outbreak happened 14 years ago.The worm is the larva of a small gray moth that migrates from Mexico and Texas.They lay thousands of eggs in your grass.When the worms hatch and then grow, they can devastate your yard quickly.Brad Johnson with Lawn America says, "The problem is they can go from about this...More >>
    Oklahoma's mild summer could cost homeowners thousands of dollars.Army worms are destroying lawns.The rain and lush growing conditions make the situation perfect for an invasion.The last major outbreak happened 14 years ago.The worm is the larva of a small gray moth that migrates from Mexico and Texas.They lay thousands of eggs in your grass.When the worms hatch and then grow, they can devastate your yard quickly.Brad Johnson with Lawn America says, "The problem is they can go from about this...More >>
  • Insurance Agents Required To Get Earthquake Education

    Insurance Agents Required To Get Earthquake Education

    The number of earthquakes here in the Sooner State is skyrocketing.So, the Governor wants to make sure, homeowners are getting all of the information needed about quake insurance.Mary Fallin and Insurance Commissioner John Doak are teaming up to make sure providers are more educated about the subject.Starting January 1, 2015, agents will be required to get one hour of additional education about earthquake coverage.Fallin says, "It's important as the market expands in Oklahoma that residents g...More >>
    The number of earthquakes here in the Sooner State is skyrocketing.So, the Governor wants to make sure, homeowners are getting all of the information needed about quake insurance.Mary Fallin and Insurance Commissioner John Doak are teaming up to make sure providers are more educated about the subject.Starting January 1, 2015, agents will be required to get one hour of additional education about earthquake coverage.Fallin says, "It's important as the market expands in Oklahoma that residents g...More >>
  • Vinita Travel Plaza Gets A New Name

    Vinita Travel Plaza Gets A New Name

    A Vinita landmark is getting a much-needed facelift and a name change.Construction continues, updating the travel plaza over the Will Rogers Turnpik.ekAnd now we've learned, the plaza has been renamed the Will Rogers Archway.The name was decided through an online survey.The plaza is undergoing a multi-million dollar renovation.It was originally built in the 1950's.Construction should be complete by December.More >>
    A Vinita landmark is getting a much-needed facelift and a name change.Construction continues, updating the travel plaza over the Will Rogers Turnpik.ekAnd now we've learned, the plaza has been renamed the Will Rogers Archway.The name was decided through an online survey.The plaza is undergoing a multi-million dollar renovation.It was originally built in the 1950's.Construction should be complete by December.More >>
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.