BP’s U.S. Lower 48 onshore business announced Wednesday that it will move its Lower 48 headquarters staff from Houston to Denver due to the Rocky Mountain region’s importance as an energy hub, according to a company press release.
BP America headquarters will remain in Houston and the Mid-Continent operations office in Oklahoma City will also stay.
The new 86,000 square foot Denver office will house nearly 200 BP employees including the CEO and leadership executives at the Riverview Building near downtown.
“With two thirds of our operated oil and natural gas production and proved reserves in the Rockies, world-class universities nearby and a wealth of industry expertise in the region, Denver is a logical – and strategic – place for us to be and a natural fit for our business,” said David Lawler, CEO of BP Lower 48.
“Houston will remain a large and important center for our business, and we have no plans to change that,” said Lawler. “The same is true for Oklahoma City, which will remain a key hub for managing our assets in the Mid-Continent region. However, we believe this is another important step on our path to become a premier onshore operator and set it up for long-term success.”
BP Lower 48 opened its 14,000 square foot Oklahoma City office last year in Automobile Alley. The company has nearly 50 employees at its Mid-Continent operations office in Oklahoma City. BP Lower 48 is a leading producer of natural gas in the Arkoma, Woodford and Anadarko basins of eastern and central Oklahoma.
BP’s U.S. Lower 48 onshore operations span five states — Colorado, New Mexico, Oklahoma, Texas and Wyoming — and seven oil and gas basins.