USA

Devon keeps the line to Houston moving

Devon follows other energy companies in moving their headquarters away from Oklahoma.

Devon Energy announced that it is preparing to move its headquarters to Houston following its merger with Coterra Energy. This move has the real estate industry and nonprofits wondering what will happen next.

It’s the latest blow to Devon’s status as an energy hub for Oklahoma. This is another blow to the trend that started in the 1960s.

Guest columnist David Myers writes that losing Devon’s headquarters weakens local influence, shifts high-income spending elsewhere and leaves a void that will take time to fill.

Will Devon Energy’s plan to merge with Coterra and move its headquarters to Houston be a blow to Oklahoma City’s economy and quality of life?

Send your reactions to: your opinions@oklahoman.com.

This article was first published in The Oklahoman: Devon’s departure causes OKC to lose energy | Cartoon