HOUSTON (FOX 26) - The BP U.S. Lower 48 onshore business announced on Wednesday that it will establish its headquarters in Denver, Colo. to be closer to a substantial asset position in the Rocky Mountain region. The move will not affect operations in Houston other than the relocation of designated employees.
“In some ways, this is a homecoming for us,” said David Lawler, chief executive officer of BP Lower 48. “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.”
The company says it will initially have at least 200 employees at the new Denver office.
“We look forward to becoming a bigger part of the Denver community and state of Colorado, and are grateful to Mayor Hancock and Gov. Hickenlooper for their support in this endeavor,” added Lawler.
There will still be an office in Houston to manage the company's operating assets in Texas and Oklahoma.
“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.”
The new BP Lower 48 headquarters in Denver is expected to open in the first quarter of 2018.