Re: Enable Midstream Partners
Re: Enable Midstream Partners
If Enable closes its doors at BOK Park Plaza, that would leave the four floors occupied by BOK of the 27, an 85% vacancy rate, not including all the vacant retail spaces.
Re: Enable Midstream Partners
"The merger agreement stipulates that Energy Transfer will maintain a presence in Tulsa for at least two years."
"It now employs about 175 in Tulsa"
https://tulsaworld.com/business/ener...92fb93daf.html
"Energy Transfer LP has laid off 108 employees at its Tulsa, Oklahoma office"
https://www.rigzone.com/news/energy_...60725-article/
Re: Enable Midstream Partners
Quote:
Originally Posted by
Pete
If Enable closes its doors at BOK Park Plaza, that would leave the four floors occupied by BOK of the 27, an 85% vacancy rate, not including all the vacant retail spaces.
I thought they were going into the building Sandridge built?
Re: Enable Midstream Partners
Quote:
Originally Posted by
Plutonic Panda
I thought they were going into the building Sandridge built?
That was Echo Energy who bought the former Parkside Building from SandRidge.
Re: Enable Midstream Partners
Quote:
Originally Posted by
Pete
That was Echo Energy who bought the former Parkside Building from SandRidge.
Thanks for clearing that up. Is that still on?
Re: Enable Midstream Partners
Quote:
Originally Posted by
Plutonic Panda
Thanks for clearing that up. Is that still on?
Echo already bought the building and moved in.
Re: Enable Midstream Partners
Quote:
Originally Posted by
gopokes88
almost certainly moving them to Dallas given what they did with SemGroup. In the buyout with SemGroup part of the contract was they would maintain the Tulsa office, 90 days after the deal closed they relo'ed everyone to Dallas.
They're also hyping $100 million in "efficiencies", 500 OKC employees X $200,000= $100,000,000. A few will get relocated but most will get severance.
I doubt the average employee payroll/benefits cost is $200k, but I'm just nitpicking. I'm sure with the building lease and other expenses included, you're on the money.
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Re: Enable Midstream Partners
So, does this mean OGE Energy Corp is exclusively in the utility business again?
Attachment 16728
Re: Enable Midstream Partners
What I’ve heard from several that work there. They expect OkC office to phase out over this year. Many looking new jobs already if they don’t want to relocate
Re: Enable Midstream Partners
I moved all the political posts to this thread:
https://www.okctalk.com/showthread.php?t=46178
Re: Enable Midstream Partners
Transaction Closed.
Enable is no longer. Energy Transfer plans to keep an office in OKC, probably around 125-150 people.
Re: Enable Midstream Partners
Quote:
Originally Posted by
OkiePoke
Transaction Closed.
Enable is no longer. Energy Transfer plans to keep an office in OKC, probably around 125-150 people.
That would be about one floor in the BOK Park Plaza as opposed to the five they have.
That mostly empty building is going to be even emptier.
And Devon Tower still has the entire middle third completely dark.
Re: Enable Midstream Partners
Yikes. I was somewhat conscious of BOK, but I guess I forgot about Devon.
Is there any chance Devon would lease space out in their own building? I guess that is a silly question since BOK can't even get tenants....
Re: Enable Midstream Partners
Pretty sure in the Devon Tower thread it was mentioned that they already started to do that finally but perhaps I'm misremembering.
Re: Enable Midstream Partners
Quote:
Originally Posted by
shawnw
Pretty sure in the Devon Tower thread it was mentioned that they already started to do that finally but perhaps I'm misremembering.
No, they aren't leasing out any space in their tower.
The entire complex is setup for a single tenant (security, common areas) and it would be a major undertaking to change that. And they aren't going to do that when the own an almost empty building right across the street that was built for multiple tenants.
Re: Enable Midstream Partners
Dang... did I dream that that happened? Must have...
Re: Enable Midstream Partners
This city just will not admit the O&G industry is not sufficient to maintain DT occupancy. How long will it take for OKC to diversify ( Major or Regional HQ Offices) sufficiently to sustain and grow DT.
Re: Enable Midstream Partners
Well for starters, if they quit clustering all the big employers in Quail Springs Parkway, that will be a start.
Re: Enable Midstream Partners
Quote:
Originally Posted by
Pete
That would be about one floor in the BOK Park Plaza as opposed to the five they have.
That mostly empty building is going to be even emptier.
And Devon Tower still has the entire middle third completely dark.
I don't understand why OG&E doesn't lease the remaining space in BOK Park Plaza. I am almost willing to accept that now, instead of them building a new tower, because that doesn't seem like that is going to happen now.
Re: Enable Midstream Partners
Quote:
Originally Posted by
G.Walker
I don't understand why OG&E doesn't lease the remaining space in BOK Park Plaza. I am almost willing to accept that now, instead of them building a new tower, because that doesn't seem like that is going to happen now.
I believe they want to own their building.
Re: Enable Midstream Partners
Quote:
Originally Posted by
Pete
I believe they want to own their building.
I'm sure they could buy the building if they wanted.
Re: Enable Midstream Partners
They could have also bought Sandridge Tower and chose not to.
Re: Enable Midstream Partners
Quote:
Originally Posted by
dcsooner
This city just will not admit the O&G industry is not sufficient to maintain DT occupancy. How long will it take for OKC to diversify ( Major or Regional HQ Offices) sufficiently to sustain and grow DT.
Maybe you should open a non-O&G business and rent some space in downtown OKC. You could do that instead of posting this same comment over and over again!
Re: Enable Midstream Partners
Quote:
Originally Posted by
dcsooner
This city just will not admit the O&G industry is not sufficient to maintain DT occupancy. How long will it take for OKC to diversify ( Major or Regional HQ Offices) sufficiently to sustain and grow DT.
Downtown is growing. I'm honestly not sure what you're talking about.