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Two Oil Companies To Leave Houston  
User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Posted (9 years 8 months 1 week 6 days ago) and read 1750 times:

Yes, this will probably be of interest for only the locals, but what the hell. This was recently posted on a local New Orleans business sight....

"You can expect to hear some news about two major mid-sized Oil Gas company Headquarters & Operations from Houston, Tx announcing their move to the Metro New Orleans area before the end of 05. Affordable housing & traffic concerns from what I have been told are the reasons why. I'm quite surprised at these two O&G companies moving to the metro area honestly instead of staying in Houston but my sources are 100% on these moves."

This could potentially be huge for the local area, which has seen thousands of white collar oil jobs move to Houston over the last two decades. It would be great to get some of those back! Any ideas of what companies these could be? I'll have to do some research on this.

35 replies: All unread, showing first 25:
 
User currently offlineFlyingTexan From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 8 months 1 week 6 days ago) and read 1729 times:

Read in the Times-Picayune last week that Entergy is NO’s only Fortune 500 Company (I think Louisiana’s too). Perhaps these ex-Houston oil companies will add to that?

User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 8 months 1 week 6 days ago) and read 1721 times:

FlyingTexan, Entergy is indeed the state's lone Fortune 500 company, although N.O has a handful of Fortune 1000 companies to go along with that. Fortune 500 or not, those oil companies would give the local economy a shot in the arm.

User currently offlineCaptoveur From , joined Dec 1969, posts, RR:
Reply 3, posted (9 years 8 months 1 week 5 days 16 hours ago) and read 1683 times:

Quoting MSYtristar (Thread starter):
"You can expect to hear some news about two major mid-sized Oil Gas company Headquarters & Operations from Houston, Tx announcing their move to the Metro New Orleans area before the end of 05. Affordable housing & traffic concerns from what I have been told are the reasons why.

When did the companies in question start giving a shit? I understand what they are saying, Houston probably has some of the worst traffic in Texas and their cost of living is insane, but the companies are aware of this and usually just pay their people more. For some reason I smell bull though. Most of the oil companies like the fact they are all right there within a few miles of each other and from my inside source in the oil industry a lot of the Houston based companies bend over backwards to move operations INTO Houston. The companies not based in Houston all locate themselves close to Houston when it makes sense to do so.


User currently offlineLTBEWR From United States of America, joined Jan 2004, 13200 posts, RR: 15
Reply 4, posted (9 years 8 months 1 week 5 days 13 hours ago) and read 1667 times:

Besides, why should oil companies move to a place with a high potential of flooding and hurricane damage, an income tax, high gasoline taxes (LA state has about the highest per gallon rates, going back to Huey Long in the 30's), high crime rates, decedant lifestyles (all those French Quarter types), endemic political corruption and so on. Unless these companies specalize in offshore/Gulf of Mexico drilling, then they would be better off in Houston.

User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Reply 5, posted (9 years 8 months 1 week 5 days 13 hours ago) and read 1663 times:

LTBEWR, perhaps these companies are seeing the improvements being made in the local area. It's not like it was ten years ago. Many of the business taxes are being cut by the governor, which has led to several companies (mostly computer-based) to jump ship from other cities and call LA (specifically N.O) home.

I hear flooding is a big problem in the Houston area, and that area is just as prone to hurricanes as N.O is (although N.O is obviously more vulnerable due to its below sea level location). Crime is still a problem in certain parts of the city obviously, but the same can be said of numerous other cities in the U.S. If crime was a big business deterrant, then you wouldn't see any large companies in Detroit, St. Louis, Miami, etc., that's for sure.

So overall, it wouldn't be that bad of a move, as the two cities are but a short 45 minute flight from each other. Houston doesn't need or deserve all of the oil business...they won't even miss those two companies probably, the job loss would barely be felt...on the flip side, this would be huge for New Orleans, a city that has been trying desperately over the last few years to reinvent itself into a pro-business city, and from what I can see as of late, it has been working.


User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 8 months 1 week 5 days 13 hours ago) and read 1658 times:

Quoting MSYtristar (Reply 5):
Many of the business taxes are being cut by the governor, which has led to several companies

Doesn't change the fact the employees would be paying an income tax, CEOs included.

Quoting MSYtristar (Reply 5):
Houston doesn't need or deserve all of the oil business..

Detroit doesn't need/deserve all the auto business. It is there though, primarily so all the companies can keep an eye on each other and they have been there for decades. In the oil business there is a lot more working together between the companies than a lot of people know and well, that is just sort of where oil companies have always been based. I can't see the potential benefits of moving a couple hundred miles away outweighing the costs of doing so.


User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Reply 7, posted (9 years 8 months 1 week 5 days 13 hours ago) and read 1651 times:

Quoting CaptOveur (Reply 6):
I can't see the potential benefits of moving a couple hundred miles away outweighing the costs of doing so.

I guess only the CEO's of those companies know the real reasons for the planned moves, but in any case, I applaud them for it. Going against the norm is a good thing. Although certainly as was mentioned in the brief article, the housing costs are cheaper in N.O and the traffic isn't anywhere near as bad as it is in Houston. And oh yeah, you also have the food and the music.


User currently offlineN1120A From United States of America, joined Dec 2003, 26815 posts, RR: 75
Reply 8, posted (9 years 8 months 1 week 5 days 12 hours ago) and read 1645 times:

Quoting Captoveur (Reply 3):
their cost of living is insane

Excuse me? The cost of living in Houston insane? Insanely cheap must be what you mean

Quoting LTBEWR (Reply 4):
high gasoline taxes (LA state has about the highest per gallon rates, going back to Huey Long in the 30's),

Well, last I checked, LA has some of the lowest gas prices for the consumer

Quoting LTBEWR (Reply 4):
an income tax,

So what? That does not affect the business and the big wigs can claim residence in Texas, Florida, even Alaska if they have a house there and not pay income tax

Quoting LTBEWR (Reply 4):
decedant lifestyles (all those French Quarter types),

Yep, and CEO's love to party

Quoting LTBEWR (Reply 4):
high crime rates

Being a resident who has lived in other large cities, New Orleans is no worse than anywhere else

Quoting LTBEWR (Reply 4):
endemic political corruption

Yeah, and Texas has none of that  scratchchin 

Quoting CaptOveur (Reply 6):
Doesn't change the fact the employees would be paying an income tax, CEOs included.

See above. BTW, the state income tax is not all that high at all

Quoting MSYtristar (Reply 7):
And oh yeah, you also have the food and the music.

And don't forget, less smog. Then again, oil companies may like seeing the product of their work  banghead 



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 9, posted (9 years 8 months 1 week 5 days 12 hours ago) and read 1640 times:

Quoting N1120A (Reply 8):
The cost of living in Houston insane? Insanely cheap must be what you mean

I know of people living in the cheap part of Houston paying $1200 a month for a 1 bedroom apartment. I am sure you can do better than that though if you don't mind the sound of gunfire when you are trying to sleep. that is not insanely cheap, at least in my experience.

Quoting N1120A (Reply 8):
See above. BTW, the state income tax is not all that high at all

But it is there, aside from property taxes (which the state keeps low) all they are paying in Houston is a 7.25% sales tax. I may be off on that number by a half percent or so, I can't find my IKEA recipt, but it is close to that. I know some people on here have this undying love of the incredibly tacky NO area.. I just don't see it being a hotbed of industry for Fortune 500 companies.


User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Reply 10, posted (9 years 8 months 1 week 5 days 12 hours ago) and read 1632 times:

Quoting CaptOveur (Reply 9):
I know some people on here have this undying love of the incredibly tacky NO area.. I just don't see it being a hotbed of industry for Fortune 500 companies.

Incredibly tacky? How so? You have sparked my interest now.

You are correct in saying that some poeple have an undying love for the area, myself included. There's a reason for that, as I grew up here, I've seen all the ups and downs, and through it all, I just think it's a great place with a lot of potential. It's one of the only true unique cities in America.

Outsiders sometimes have this warped perception of the place as a corrupt, crime infested, third world country with no chance of redemption. Sometimes though perception and truth are two totally different things.

The area will never be a huge booming metropolis thanks to its geography, but who's to say it shoudln't be able to support new business and industry for Fortune 500 companies?

I don't have a crystal ball, and neither does anyone else. We'll just have to wait and see. All I can continue to do is to defend the place.


User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 11, posted (9 years 8 months 1 week 5 days 12 hours ago) and read 1629 times:

Quoting MSYtristar (Reply 10):
Outsiders sometimes have this warped perception of the place as a corrupt, crime infested, third world country with no chance of redemption.

The same is said of Texas. It may even be true.

Quoting MSYtristar (Reply 10):
but who's to say it shoudln't be able to support new business and industry for Fortune 500 companies?

Birds of a feather flock together. where you find 1 Fortune 500 company there are usually a few more within a stones throw of each other. I don't understand why this is but it is often the case.

Quoting MSYtristar (Reply 10):
Incredibly tacky? How so? You have sparked my interest now.

So are you going to tell me the french quarter is anything but tacky? I don't have anything against tit flashing and the occasional case of public urination but geez, how tacky is it to make it your cities defining charicteristic?


User currently offlineSuperfly From Thailand, joined May 2000, 40070 posts, RR: 74
Reply 12, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1620 times:

Sounds like Gov. Kathleen Babineaux Blanco, Sen. Mary Landrieu and recently retired Sen. John Breaux is doing an excellent job bringing in jobs to Louisiana.

Quoting LTBEWR (Reply 4):
Besides, why should oil companies move to a place with a high potential of flooding and hurricane damage

Houston also has that.

Quoting LTBEWR (Reply 4):
an income tax, high gasoline taxes (LA state has about the highest per gallon rates, going back to Huey Long in the 30's),

Wrong, California does.

Quoting LTBEWR (Reply 4):
decedant lifestyles (all those French Quarter types),

Sounds like an asset to me!  Cool

Quoting LTBEWR (Reply 4):
endemic political corruption and so on.

That goes hand & hand with big oil companies.




This could mean more jobs for New Orleans. They can certainly use it.
New Orleans is a WAY hipper city than Houston.
Houston has to be the $hitiest big city in America. That city has NO redeeming value to it what so ever!



Bring back the Concorde
User currently offlineNYCFlyer From United States of America, joined Jan 2005, 1388 posts, RR: 9
Reply 13, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1615 times:

Quoting MSYtristar (Thread starter):
Affordable housing & traffic concerns from what I have been told are the reasons why.

I think there have got to be other driving forces behind affordable housing and traffic concerns. It is extremely costly to pick up an entire company and move it to another city - not to mention uprooting the lives of your entire workforce. I can't fathom that these companies would move for the reasons stated above. When Houston's cost of living reaches that of London or Tokyo, then maybe I'd believe this.

If companies cared so much about affordable housing and traffic, there would be no business left in NYC. I smell bull as well.


User currently offlineTravelin man From United States of America, joined Mar 2000, 3556 posts, RR: 0
Reply 14, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1612 times:

Quoting Superfly (Reply 12):
Quoting LTBEWR (Reply 4):
an income tax, high gasoline taxes (LA state has about the highest per gallon rates, going back to Huey Long in the 30's),

Wrong, California does.

Ummm... no, actually New York does ($.3355/gallon). California ($.18/gallon) actually comes in BELOW both Texas and Louisiana (which, ironically, have IDENTICAL gas taxes at $.20/gallon).

(see http://www.lmoga.com/taxrates.htm )


User currently offlineSuperfly From Thailand, joined May 2000, 40070 posts, RR: 74
Reply 15, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1609 times:

Thanks for the correction.
New Orleans is STILL better than Houston!  Smile



Bring back the Concorde
User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 16, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1609 times:

Quoting Superfly (Reply 12):
Quoting LTBEWR (Reply 4):
endemic political corruption and so on.

That goes hand & hand with big oil companies.

I think you have the strong political lobby any major corporation, or large industry has confused with corruption. The line is thin but it is there. If you find Exxon-Mobil, Chevron-Texaco, Conoco-Phillips, etc has committed anything illegal please inform the SEC, but make a posting on here first so some of us can dump stock.


User currently offlineSuperfly From Thailand, joined May 2000, 40070 posts, RR: 74
Reply 17, posted (9 years 8 months 1 week 5 days 11 hours ago) and read 1605 times:

Quoting CaptOveur (Reply 16):
but make a posting on here first so some of us can dump stock.

I'll keep you informed.  Smile



Bring back the Concorde
User currently offlineKROC From , joined Dec 1969, posts, RR:
Reply 18, posted (9 years 8 months 1 week 5 days 10 hours ago) and read 1599 times:

Quoting Superfly (Reply 12):
New Orleans is a WAY hipper city than Houston.

Well in that case, lets all move to New Orleans.  Yeah sure


User currently offlineLearpilot From United States of America, joined May 2001, 814 posts, RR: 1
Reply 19, posted (9 years 8 months 1 week 5 days 10 hours ago) and read 1595 times:

About a month ago I did my first overnight in New Orleans. Stayed at the Hotel Moncao downtown (highly recommended if anyone is looking for a place to stay in N'Owlans). The first comment I made to my wife when I got home to Alabama (well, not really home; just the craphole where my house is) the next day was that if I can't get a job back home in St. Louis, New Orleans would be my second choice.

Maybe if those companies move up they'll need a learpilot.



Heed our warnings or your future will be underpant free!
User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 20, posted (9 years 8 months 1 week 5 days 10 hours ago) and read 1592 times:

Quoting KROC (Reply 18):
Quoting Superfly (Reply 12):
New Orleans is a WAY hipper city than Houston.

Well in that case, lets all move to New Orleans.

So If I move to New Orleans I would be cool then? I'll go pack.

Signed,
USAirwys757


User currently offlineSuperfly From Thailand, joined May 2000, 40070 posts, RR: 74
Reply 21, posted (9 years 8 months 1 week 5 days 10 hours ago) and read 1586 times:

Quoting Learpilot (Reply 19):
Maybe if those companies move up they'll need a learpilot.

Send them a letter and make them aware of your services.  Smile
Cost of living in Lousisana is about the same as Alabama.



Bring back the Concorde
User currently offlineDrerx7 From United States of America, joined Jun 2000, 5209 posts, RR: 8
Reply 22, posted (9 years 8 months 1 week 5 days 6 hours ago) and read 1567 times:

Quoting Superfly (Reply 15):
Thanks for the correction.
New Orleans is STILL better than Houston!

I love to visit New Orleans--and I lived there for 4-5 years while I was in undergrad. There is nothing on this earth that would make me leave Houston for New Orleans. New Orleans is the most dangerous, racist, hard to get around city I've ever had the displeasure of living in. New Orleans does have a negative population growth rate. You guys will probably flame me for those harsh statements  box  All the things that I love to visit New Orleans for also make it my last choice of places to live in. Like I said--love to visit the town--goin over there in about 3 weeks--but I wouldn't live there for anything.



Third Coast born, means I'm Texas raised
User currently offlineMSYtristar From , joined Dec 1969, posts, RR:
Reply 23, posted (9 years 8 months 1 week 5 days 2 hours ago) and read 1536 times:

Quoting Drerx7 (Reply 22):
New Orleans is the most dangerous, racist, hard to get around city I've ever had the displeasure of living in. New Orleans does have a negative population growth rate

Ok let's see....

1) New Orleans is no more dangerous than any other major city out there. The CBD/French Quarter/Warehouse District/Uptown areas are all very safe. The murders in the city are pretty much concentrated in certain areas that tourists and locals in the know do not even go near. Obviously it's still a big issue but it's nothing that can't be overcome.

2) I wouldn't really call New Orleans a racist town. There have been a few instances here and there of accusations and what not but on the whole it's not a problem. Some people have said the discrimination is mostly blacks discriminating against whites, but I've never experienced anything of the sort. Hell I can always be found at the classic old school restaurants in black areas of the city chowing down.

3) It's only hard to get around because you don't live here.  Smile

4) New Orleans proper is seeing a population decrease but the surrounding parishes are for the most part seeing increases in population.


User currently offlineN1120A From United States of America, joined Dec 2003, 26815 posts, RR: 75
Reply 24, posted (9 years 8 months 1 week 5 days 2 hours ago) and read 1531 times:

Quoting CaptOveur (Reply 9):
I know of people living in the cheap part of Houston paying $1200 a month for a 1 bedroom apartment.

What, the cheap part of the most expensive part of town. I know people in New Orleans who are from Houston who complain about prices in New Orleans

Quoting CaptOveur (Reply 9):
I know some people on here have this undying love of the incredibly tacky NO area..

You have got to be kidding me

Quoting KROC (Reply 18):
Quoting Superfly (Reply 12):
New Orleans is a WAY hipper city than Houston.

Well in that case, lets all move to New Orleans.

Want to rent my place? New Orleans is much cooler than Houston, though not nearly as cool as my hometown.

Quoting Drerx7 (Reply 22):
New Orleans is the most dangerous, racist, hard to get around city I've ever had the displeasure of living in.

Riiiiight. That is why when my father visited New Orleans, having lived his entire 29 years in the US in Southern California, he commented constantly on how nice people are and how amazingly integrated the city is, with people of all ethnic groups working the same jobs together, in restaurants, shops, etc. As for hard to get around, what are you talking about? If you live in NO and drive, you know how to get around. If you are a tourist, street cars and busses take you anywhere you need to go.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
25 Thomasphoto60 : Just curious as to how Houston is the $hitiest big city in America? And what you mean by no redeeming values what so ever. What would Houston have to
26 Captoveur : Houston is shitty, I won't argue with that. I don't think I would call it shittiest though, there is still Detroit and Philthadelphia. I probably sho
27 SCCutler : Sorry, have to call you out on that one. Houston is the least understood city in America, but far from the shiite-iest. In fact, there is a lot in Ho
28 Cptkrell : Late to the party and no comment about the oil companies, but I will submit that my ex and new husband as well as one daughter live in an adjacent Naw
29 Thomasphoto60 : Indeed, just looking at the waistlines will tell you that Houstonians love to eat. My favourite is Minneapolis (save for Winter) Thomas
30 FlyingTexan : Well, now I see this thread has a bit more life to it. I came across a figure a few years back – Louisiana has the highest percentage of natives liv
31 N1120A : You have got to be kidding me. When you have Los Angeles, Chicago San Fransisco, New Orleans and New York, Houston is not even an also ran
32 MSYtristar : FlyingTexan, not many non-locals can correctly spell "Tchoupitoulas". Very impressive! Consider yourself an honorary New Orleanian as far as i'm conc
33 N1120A : Just jump on Emeril's website Steve, it is there
34 FlyingTexan : The atlas did come in handy on that one, I must confess.
35 Aa777jr : We just did some work for Dominion Engineering and they were really pushing their numbers up high and alot of the guys I came in contact with were fro
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