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Thread: Enable Midstream Partners

  1. #251

    Default Re: Enable Midstream Partners

    Bummer.

  2. #252

    Default 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.

  3. #253

    Default 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/

  4. #254

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Pete View Post
    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?

  5. #255

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Plutonic Panda View Post
    I thought they were going into the building Sandridge built?
    That was Echo Energy who bought the former Parkside Building from SandRidge.

  6. #256

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Pete View Post
    That was Echo Energy who bought the former Parkside Building from SandRidge.
    Thanks for clearing that up. Is that still on?

  7. #257

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Plutonic Panda View Post
    Thanks for clearing that up. Is that still on?
    Echo already bought the building and moved in.

  8. #258

    Default Re: Enable Midstream Partners

    Quote Originally Posted by gopokes88 View Post
    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.

  9. #259

    Default Re: Enable Midstream Partners

    So, does this mean OGE Energy Corp is exclusively in the utility business again?

    Click image for larger version. 

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  10. #260

    Default 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

  11. #261

    Default Re: Enable Midstream Partners

    I moved all the political posts to this thread:

    https://www.okctalk.com/showthread.php?t=46178

  12. #262

    Default Re: Enable Midstream Partners

    Transaction Closed.

    Enable is no longer. Energy Transfer plans to keep an office in OKC, probably around 125-150 people.

  13. #263

    Default Re: Enable Midstream Partners

    Quote Originally Posted by OkiePoke View Post
    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.

  14. #264

    Default 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....

  15. #265
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    Default 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.

  16. #266

    Default Re: Enable Midstream Partners

    Quote Originally Posted by shawnw View Post
    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.

  17. #267
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    Default Re: Enable Midstream Partners

    Dang... did I dream that that happened? Must have...

  18. #268

    Default 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.

  19. #269

    Default Re: Enable Midstream Partners

    Well for starters, if they quit clustering all the big employers in Quail Springs Parkway, that will be a start.

  20. #270

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Pete View Post
    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.

  21. #271

    Default Re: Enable Midstream Partners

    Quote Originally Posted by G.Walker View Post
    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.

  22. #272
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    Default Re: Enable Midstream Partners

    Quote Originally Posted by Pete View Post
    I believe they want to own their building.
    I'm sure they could buy the building if they wanted.

  23. #273

    Default Re: Enable Midstream Partners

    They could have also bought Sandridge Tower and chose not to.

  24. #274

    Default Re: Enable Midstream Partners

    Quote Originally Posted by dcsooner View Post
    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!

  25. #275

    Default Re: Enable Midstream Partners

    Quote Originally Posted by dcsooner View Post
    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.

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