Originally Posted by
BG918
I believe all of Laredo's assets are now in the Permian Basin, so that wouldn't surprise me; though there are companies in Oklahoma like CHK that does the majority of its business in Ohio/PA, or CLR in North Dakota with no non stop flights. I don't see any way that OKC or Tulsa could support nonstop flights to Midland, even with oil traffic, when Kansas City and Austin have both been tried and failed. Maybe if Southwest flew planes smaller than 737's.
Tulsa does have large offices for Apache and Newfield, though they are both based in Houston, and QEP Resources and Cimarex both based in Denver, as well as the major employment for Conoco in Bartlesville (all E&P's). DVN, CLR and CHK though are like you said major E&P players and more and more companies will need a presence in the city to do business with them. Tulsa will continue to build up its status as a midstream/energy services hub. Houston remains the global energy capital and kingpin for Texas and Gulf regions while Denver is the center for the Northern Plains and Rocky Mountain region.
Williams in this instance wouldn't need duplicate executives but sales and engineering would still likely need to be in OKC. Of 500 people working in OKC maybe 100-200 would go to Tulsa while the rest would probably stay and give Williams an OKC presence and work closely with CHK. Just my guess.
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