They definitely took a page out of CHK, Sandridge, and the OERB's books on creating epic promotional videos.
So, a couple of hundred now and the rest when the tower is completed?
In the interest of continuing our practice of trying to make as much as we can out of very little information, I'll offer this...
It's probably a good sign that OG&E and not CenterPoint posted that Enable Midstream video on YouTube...
Pipeline partnership to be called Enable Midstream Partners | News OK
Pretty intriguing nugget of info in this article.
Just saw this, don't know if its new or whatever, but here it is:
CenterPoint Energy, OGE Energy Corp. announce senior operations leadership - WSJ.com
2 huge things
first "Enable will have operations in Oklahoma City and Houston, but its executive management team is expected to be based in Oklahoma City."
that confirms that in will be headquartered in okc
and second it seems from the article that not all of Enegex will combine with the new company ..... so it might still exist in some form
The news release on CenterPoint's website is much easier to read than the WSJ site:
CenterPoint Energy, OGE Energy Corp. announce senior operations leadership
This is still rather foggy, but at least we now know majority will reside in OKC.
From WSJ article:
The principal offices of the gathering and processing leadership team will be in Oklahoma City and the interstate pipeline's principal offices will be in Houston. The principal office of the executive management team is also expected to be in Oklahoma City.
Didn't see anywhere that they won't be completely combined, they are merging so I think Enogex will be going completely into Enable.
Also, the below statement from the WSJ makes sense as Enogex's primary assets were gathering lines and CenterPoint Midstream's primary focus was interstate transmission.
"The principal offices of the gathering and processing leadership team will be in Oklahoma City and the interstate pipeline's principal offices will be in Houston. The principal office of the executive management team is also expected to be in Oklahoma City"
Sounds like we got the HQ, what a deal for OKC! Who would've thought a few years ago that we would end up with a Pop-Up $11 Billion company headquartered here?
Pretty sure executive management means the HQ.
Based on what I know, I would say that it takes more staff to run an office dedicated to Gathering and Processing. Many more complex tangled miles of pipeline involved, the right of way/surface use agreements that go with obtain the rights to lay them, and the maintenance. They are and will continue hooking up to as many new wells as possible, creating new complex ROWs and Surface use issues, more often and over a wide area. An interstate pipeline group likely wouldn't have such personnel heavy activities, but who knows.Is one of these offices substantially larger than the other?
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