Devon follows other energy companies that have moved headquarters away from Oklahoma.
Devon Energy announced it is set to move its headquarters to Houston following its merger with Coterra Energy. The move leaves real estate industry and nonprofits wondering what’s next.
Devon is the latest hit to Oklahoma’s status as an energy hub. It’s another blow in a trend that began in the 1960s.
Losing Devon’s headquarters weakens local influence, shifts high-income spending elsewhere, and leaves a gap that will take time to fill, guest columnist David Myers writes.
Will Devon Energy’s plan to merge with Coterra and relocate its headquarters to Houston be a blow to Oklahoma City’s economy and quality of life?
Send your reactions to yourviews@oklahoman.com.
This article originally appeared on Oklahoman: Devon’s departure adds to OKC’s loss of energy | Cartoon