June 19, 2017 Comments Off on XTO Energy Leaving Fort Worth for Houston Views: 774 National News, Southwest, Texas

XTO Energy Leaving Fort Worth for Houston

XTO Energy is relocating the majority of its operations from Fort Worth to a Houston area campus, a HQ shift involving 1,200 employees in 2018 and another 400 in 2020. Roughly 350 employees will remain in Fort Worth, but the move will result in a number of downtown buildings coming to market.

XTO helped contribute to Fort Worth’s downtown rebirth when the oil and gas producing company acquired old office buildings and renovated them. It owns six buildings downtown, totaling more than 700,000 square feet of office space. The company said it plans a phased approach to selling six of the seven buildings it owns in Fort Worth.

Irving, TX-based Exxon Mobil, which acquired XTO in 2010, has invested in developing a 385-acre, state-of-the-art campus about 20 miles north of downtown Houston. Exxon sees benefits of bringing multiple business operations together in a single location.

Read more at Fort Worth Star-Telegram

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