XTO Energy Closes Headquarters; Relocates Hundreds to Houston
by Valerie Jones | Rigzone Staff | Tuesday, May 15, 2018

Friday, October 26, 2018

XTO Energy, Inc., a subsidiary of ExxonMobil Corp., is closing its corporate headquarters in Fort Worth, Texas, which will affect a total of 1,200 employees, according to a letter sent to the Texas Workforce Commission (TWC).

The U.S. oil and natural gas producer plans to relocate its business activities to other company locations, primarily Houston, beginning June 1 and ending June 30, the letter states.

Of the 1,200 affected employees, 950 are management, professional or technical (MPT) positions and 250 are non-MPT positions.

“Satisfactorily-performing” MPT employees who relocate will be provided relocation benefits.

Seventy-five percent of the non-MPT employees have been reassigned to local positions with the company or will self-relocate to Houston, according to an XTO Energy emailed statement to Rigzone.

“Approximately 65 employees have either not been offered positions in Fort Worth or have chosen not to self-relocate to Houston and will be separated from the company effective June 30, 2018,” the email states.

Those 65 employees will receive a severance allowance.

“We recognize this decision impacts people’s lives, and it was only made with careful consideration to those people and our business,” XTO Energy said.