Shareholders should be asking why would Newfield be closing the Tulsa office instead of closing The Woodlands office. If they were really interested in saving money it would have been cheaper office leasing wise etc. to be based in Tulsa than The Woodlands. I would have to think they pay a premium for office space in The Woodlands. Not only that, their money maker is in the oilfields of Oklahoma.
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Simple concept indeed if you are thinking short term, not long term. Pay a king's ransom for years of most likely paying high premium office space leasing as well as move your office from the state where the majority of your oil is coming from and moving down to the state that you are trying to sell all your assets?
Because it's cheaper to layoff half the Tulsa office and move the rest to Texas then try and move 500+ employees to Tulsa. Pretty simple concept.
obviously, a political choice by the good ole boys who want to stay in the houston club. operating MIDCON from houston is just plain stupid.