Enable Midstream Partners

[Pete]

Have it on good authority there will be an announcement later today that CenterPoint MLP will be moving "a couple hundred" jobs from Houston to OKC.

Since CenterPoint MLP has more than two hundred jobs in Houston, this does not necessarily mean the Enogex/CenterPoint entity (rumored to be named Enable Midstream Partners) will be headquartered in Oklahoma City.


Couple of likely scenarios:

1. OKC will be the Enable HQ with some employees staying in Houston, at least for the time being
2. Houston will be the Enable HQ with OKC being a division/branch/field office

Based on everything we've heard to date, seems like scenario #1 is far more likely, although the announcement today might not completely clear this up.

[Pete]

Do not know if this will directly impact the proposed Stage Center Tower, but that seems very likely, although again, that specific tie-in might not be part of this announcement.

[catch22]

Good news.

[Oh GAWD the Smell!]

Now, if I can only get my wife a job there...I'll be on Easy Street.

[Praedura]

Whoa! This is awesome!

[Pete]

To put things into perspective:

Company	Market Cap	# of Employees
Devon Energy	$22 B	3,100
Access Midstream (CHK)	$7.9 B	1,200
Enogex/CenterPoint MLP	$11 B	1,500 (approx.)

[Spartan]

To put things into perspective:

Company	Market Cap	# of Employees
Devon Energy	$22 B	3,100
Access Midstream (CHK)	$7.9 B	1,200
Enogex/CenterPoint MLP	$11 B	1,500 (approx.)

What is that number of employees indicative of? At the HQ?

[Pete]

What is that number of employees indicative of? At the HQ?

Yes.

[Pete]

Announcement may be coming soon... As in the next hour or two.

[Praedura]

*ANY TIME* I hear that jobs are moving from Houston to OKC, my heart leaps with joy!



Not that this happens often. In fact, hardly ever. Last time I recall was Devon employees being moved to OKC a few months ago.

[Anonymous.]

Here is a video centerpoint uploaded last night:

Midstream Partnership Name Announcement - YouTube

[Praedura]

Here is a video centerpoint uploaded last night:

Midstream Partnership Name Announcement - YouTube

Yep, a rumor no more. That's the official name.

[Pete]

Yep, that confirms what we had discussed yesterday:

[SoonerDave]

Would have to think some Houston-area media would be picking up on this pretty soon.

[Geographer]

They may have taken James Harden from us...but we are taking their JOBS!

Advantage OKC.

[ElectricYogi]

I work for OG&E and have on good authority that there will not be an announcement about jobs moving to OKC. Sorry to disappoint.

[Pete]

I work for OG&E and have on good authority that there will not be an announcement about jobs moving to OKC. Sorry to disappoint.

Thanks.

[architect5311]

They may have taken James Harden from us...but we are taking their JOBS!

Advantage OKC.

About time we took something from them...Not that they took Harden from us, but Houston did take Kerr/McGee(Anadarko) and Conoco/Phillips. Any others?

[Praedura]

New name for OGE Energy's new midstream partnership? | News OK

[BoulderSooner]

New name for OGE Energy's new midstream partnership? | News OK

with a nice little credit to Okctalk.com

[soonerguru]

with a nice little credit to Okctalk.com

Credit well deserved! Pete has proven to be a very credible source of information. We appreciate your efforts, Pete, for not only providing a great source of community discussion, but also a great place to find out things happening behind the scenes!

[adaniel]

About time we took something from them...Not that they took Harden from us, but Houston did take Kerr/McGee(Anadarko) and Conoco/Phillips. Any others?

Not so much for OKC, but Houston has been a thorn in Tulsa's side.

Just off the top of my head: Citgo, Texaco & Unocal (now Chevron), Sunoco Pipeline Division, Amerada Hess, PetroHawk (now BHP Biliton). I have also heard rumors Laredo is divesting all of its OK properties and will likely leave the state (possibly to Dallas) in the next year.

I am sure there are some I'm missing.

[Bellaboo]

Not so much for OKC, but Houston has been a thorn in Tulsa's side.

Just off the top of my head: Citgo, Texaco & Unocal (now Chevron), Sunoco Pipeline Division, Amerada Hess, PetroHawk (now BHP Biliton). I have also heard rumors Laredo is divesting all of its OK properties and will likely leave the state (possibly to Dallas) in the next year.


I am sure there are some I'm missing.

Standard Oil upstream R&D to Exxon/Mobil a long time ago. Noble drilling from Ardmore also.

But didn't SandRidge buy some offshore operator's assests from Houston last year ?

[Teo9969]

That's a seriously well.put together video for what is really a relatively mundane announcement. If that is any indication to what type of company this will be, then I really hope OKC lands it.

[HangryHippo]

I really, really hope they decide to locate their HQ here in OKC.