BP to establish headquarters in Denver, open 200-employee office near downtown

BP is moving its Lower 48 regional headquarters to Denver from Houston, putting the massive energy company in a better position to manage about two-thirds of its onshore oil and gas properties and to invest further across the Rocky Mountain West.

The company on Wednesday said it has signed a lease for 86,000 square feet of space in the new Riverview building, in the 1700 block of Platte Street, and plans to bring to Denver about 200 of the 450 people who work in its onshore oil and gas production office in Texas — including CEO David Lawler.

The new BP Lower 48 headquarters — which will cover Colorado, New Mexico, Oklahoma, Texas and Wyoming — is expected to open in the first quarter of 2018. Staffing levels could increase as the division makes further investments in oil and gas reserves, including in the San Juan Basin spanning the Colorado-New Mexico border.

“We believe that the San Juan Basin is one of the world-class basins,” Lawler said in an interview Wednesday. “It has a prolific amount of natural gas. We have a significant presence there. This is a commitment to the San Juan Basin and throughout the Rockies up into Wyoming.”

Read more: http://www.denverpost.com/2016/12/14/bp-denver-headquarters/