FWIW - Steve's not going to break any new Tower story on OKCTALK. But it'll be posted here about 5 nano seconds after the story is released.

Steve could easily give a hint at some concrete information as opposed to just saying "I'm not worried" "I'm not worried" "I'm not worried" every time a question is brought up about the tower whether on here or on his Friday morning chats. There's going to be 15,000 more "I'm not worried" quotes by him between now and any story he releases on the subject which is why this thread should be locked...lol.

Steve has a job. He gives us veiled hints because that's all he can do considering his responsibilities as a journalist. Is this really so hard to understand? Steve has never relied on rumors like the rest of this board. If you want more information then you'll have to wait for the story to break. Beggars can't be choosers.

I recommend you not visit the thread, Steve's chats, ect. if you're so worried about the information provided. It's a pretty easy solution.

I'm not sure some on here know how business and real estate work. These things are dependent upon certain levels of confidentiality. Blabbing intimate details, even ones that are not true, could blow a multi-million dollar deal, and probably get the Oklahoman sued and Steve fired. I wouldn't ask that of anyone to satisfy the impatient masses on the interwebs.

I'm not sure some on here know how business and real estate work. These things are dependent upon certain levels of confidentiality. Blabbing intimate details, even ones that are not true, could blow a multi-million dollar deal, and probably get the Oklahoman sued and Steve fired. I wouldn't ask that of anyone to satisfy the impatient masses on the interwebs.

Good points. The mystery tower will be revealed as soon as Steve is able to do so. Until then we can keep speculating but we can't expect him to reveal information that he isn't yet able to reveal.

Good points. The mystery tower will be revealed as soon as Steve is able to do so. Until then we can keep speculating but we can't expect him to reveal information that he isn't yet able to reveal.

Agree.In Steve we trust... Relax,I am not worried either.

Steve, without naming names/providing hints (whatever you need to do to maintain confidentiality), can you confirm if you have inside information on the proceedings for the Stage Center site or are you basing your lack of worry on hearsay? I mean, are you that close to the proceedings and know what's likely in the pipeline (I'm here all week!) or are you dealing in rumors just like we are?Any particular reason you quoted me?

Just to show how complicated this Enogex/CNP MLP formation is - from yesterday 5/7/2013 -


Form 8-K for CENTERPOINT ENERGY INC


--------------------------------------------------------------------------------

7-May-2013

Completion of Acquisition or Disposition of Assets, Other Events, Financia



Item 2.01 Completion of Acquisition or Disposition of Assets.
Formation of Midstream Partnership

As previously reported, CenterPoint Energy, Inc. ("CenterPoint") entered into a Master Formation Agreement ("MFA") on March 14, 2013 with OGE Energy Corp. ("OGE") and two affiliates of ArcLight Capital Partners, LLC, Bronco Midstream Holdings, LLC ("Bronco I") and Bronco Midstream Holdings II, LLC (together with Bronco I, the "Bronco Group"), pursuant to which CenterPoint, OGE and the Bronco Group agreed to form a midstream partnership (the "Midstream Partnership") to own and operate the midstream businesses of CenterPoint and OGE that will initially be structured as a private limited partnership. On May 1, 2013, the parties closed the formation of the Midstream Partnership.

In connection with the closing (i) CenterPoint Energy Resources Corp., a wholly owned subsidiary of CenterPoint ("CERC"), converted its wholly owned subsidiary, CenterPoint Energy Field Services, LLC ("CEFS"), into a Delaware limited partnership that became the Midstream Partnership, (ii) CERC contributed to the Midstream Partnership its equity interests in each of CenterPoint Energy Gas Transmission Company, LLC, CenterPoint Energy-Mississippi River Transmission, LLC, certain of its other midstream subsidiaries, and a 24.95% interest in Southeast Supply Header, LLC and (iii) OGE and ArcLight indirectly contributed 100% of the equity interests in Enogex LLC ("Enogex") to the Midstream Partnership.

Certain of the entities contributed to the Midstream Partnership by CERC are obligated on approximately $363 million of indebtedness owed to a wholly owned subsidiary of CERC that is scheduled to mature in 2017. In addition at closing, Enogex was obligated on approximately $700 million, in the aggregate, in indebtedness under its term loan and two series of its senior notes maturing in years 2014 and 2020.

Organizational Documents of Midstream Partnership

Under the First Amended and Restated Agreement of Limited Partnership of the Midstream Partnership (the "LP Agreement"), as of the closing, CERC holds an approximate 58.3 percent of the limited partner interests in the Midstream Partnership and OGE and the Bronco Group hold approximately 28.5 and 13.2 percent, respectively, of the limited partner interests. The LP Agreement provides that transfers of any limited partner interests will be subject to specified conditions, including, for a period of time, rights of first offer and rights of first refusal.

Following the closing, CERC has certain put rights, and the Midstream Partnership has certain call rights, exercisable with respect to the interest in SESH retained by CERC, under which CERC would contribute to the Midstream Partnership CERC's retained interest in SESH at a price equal to the fair market value of such interest at the time the put right or call right is exercised. If CERC were to exercise such put right or the Midstream Partnership were to exercise such call right, CERC's retained interest in SESH would be contributed to the Midstream Partnership in exchange for consideration consisting of a specified number of limited partnership units and, subject to certain restrictions, a cash payment, payable either from CERC to the Midstream Partnership or from the Midstream Partnership to CERC, in an amount such that the total consideration exchanged is equal in value to the fair market value of the contributed interest in SESH.

Prior to an initial public offering of the Midstream Partnership (the "IPO"), 100% of Distributable Cash (as defined in the LP Agreement) will be distributed to the limited partners each quarter. After an IPO, 100% of Available Cash (as defined in the LP Agreement) will be distributed to the limited partners each quarter. Following an IPO, the general partner will also own incentive distribution rights that will entitle it to an increasing percentage of quarterly cash distributions after specified distributions have been made to the limited partners. The LP Agreement also includes provisions governing the treatment of capital accounts, tax treatment and withdrawal of partners. The general partner may be removed by the vote of 75 percent of the limited partner interests.



--------------------------------------------------------------------------------
The Amended and Restated Limited Liability Company Agreement of the general partner of the Midstream Partnership (the "LLC Agreement") provides that the general partner will be equally controlled by CERC and OGE, who each own 50% of the management rights in the general partner. CERC and OGE will also own a 40% and 60% interest, respectively, in any incentive distribution rights to be held by the general partner of the Midstream Partnership following an initial public offering of the Midstream Partnership. The LLC Agreement provides that, until May 1, 2016, no transfers (other than transfers to affiliates) of membership interests in the general partner will be permitted.
The general partner of the Midstream Partnership will initially be governed by a board made up of an equal number of representatives designated by each of CenterPoint and OGE. Actions of the board of directors generally will require majority approval. Under the terms of the LLC Agreement, if the board of directors is unable to reach a majority approval, specified procedures, including potentially a separate vote of the independent directors (if any) or mediation, will be implemented to resolve the deadlock. For a period of time after formation, the Bronco Group will have board observation rights and approval rights over certain material activities of the Midstream Partnership, including material increases in capital expenditures and certain equity issuances, entering into transactions with related parties and acquiring, pledging or disposing of certain material assets.

CenterPoint has designated David M. McClanahan, President and Chief Executive Officer of CenterPoint, and Gary L. Whitlock, Executive Vice President and Chief Financial Officer of CenterPoint, and OGE has designated Pete Delaney, Chairman, President and Chief Executive Officer of OGE, and Sean Trauschke, Vice President and Chief Financial Officer of OGE, as their initial representatives on the board of directors of the general partner. While the Midstream Partnership's leadership team is being assembled, C. Gregory Harper and Keith Mitchell will continue to be responsible for the former CenterPoint and Enogex midstream operations, respectively.

Registration Rights Agreement

Pursuant to a Registration Rights Agreement among the parties entered into at the closing (the "Registration Rights Agreement"), OGE and CenterPoint have agreed to initiate the process for the sale of an equity interest in the Midstream Partnership in an IPO. CenterPoint and CERC can give no assurances that the IPO will be consummated. Prior to consummating the IPO, CenterPoint, OGE and the Midstream Partnership will need to complete the negotiation of the financial and other terms, including the initial public offering price. In addition, consummation of the IPO is subject to market conditions. For so long as the Bronco Group maintains a minimum ownership percentage, the Bronco Group is entitled to consult with the Midstream Partnership in connection with the IPO. The Midstream Partnership has agreed to file a registration statement for the IPO no later than May 1, 2014 and, subject to limited exceptions, consummate the IPO within 180 days of the filing of the registration statement. This report does not constitute an offer to sell or the solicitation of any offer to buy, the equity of the Midstream Partnership. Any offers or solicitations of offers to buy, or any sales of securities, will only be made in accordance with the registration requirements of the Securities Act of 1933 (the "Securities Act") or an exemption therefrom.

The Registration Rights Agreement also provides that, subject to certain limitations, (i) each of CenterPoint and OGE is entitled, beginning 180 days after the IPO, and (ii) the Bronco Group is entitled, beginning on the date that the Midstream Partnership is first eligible to file a registration statement under Form S-3, to demand that the Midstream Partnership effect the registration under the Securities Act of the common units of the Midstream Partnership held by such party. In connection with the preparation and filing of any registration statement, the Midstream Partnership will bear all costs and expenses incidental to any registration statement. Any underwriting discounts and commissions will be borne by the seller of the common units of the Midstream Partnership.

Omnibus Agreement

Pursuant to the terms of an Omnibus Agreement among the parties entered into at the closing (the "Omnibus Agreement"), CenterPoint, OGE and the Bronco Group have agreed to certain indemnification obligations in favor of the Midstream Partnership with respect to, among others, environmental, title, permits, rights-of-way and tax matters. The indemnification obligations are subject to certain deductibles and caps. The Omnibus Agreement also provides that, as soon as reasonably practicable following the selection of a new name for the Midstream Partnership or in any event by May 1, 2014, the Midstream Partnership will cease to use the names "CenterPoint," "OGE" and "Enogex."

. . .




Item 8.01 Other Events.
In connection with the formation of the Midstream Partnership, on May 1, 2013, the Midstream Partnership entered into a $1.05 billion three-year senior unsecured term loan facility (the "Term Loan Facility") with Citibank, N.A., as administrative agent, UBS Securities LLC, as syndication agent, JPMorgan Chase Bank, N.A. ("JPMCB") and Wells Fargo Bank, National Association ("Wells Fargo") as co-documentation agents, and the several lenders thereto. The proceeds of the loans advanced pursuant to the Term Loan Facility were used to repay $1.05 billion of intercompany indebtedness owed by the predecessor entity to the Midstream Partnership to CERC. CERC has guaranteed collection (not payment) of the Midstream Partnership's obligations under the Term Loan Facility, which guarantee is subordinated to all senior debt of CERC.

On May 1, 2013, the Midstream Partnership also entered into a $1.4 billion five-year senior unsecured revolving credit facility (the "Revolving Credit Facility") with Citibank, N.A., as administrative agent, UBS Securities LLC, as syndication agent, JPMCB and Wells Fargo, as co-documentation agents, the lenders from time to time party thereto and the letter of credit issuers from time to time party thereto.

The Term Loan Facility and the Revolving Credit Facility each permits outstanding borrowings to bear interest at the London Interbank Offered Rate ("LIBOR") and/or an alternate base rate, at the Midstream Partnership's election, plus an applicable margin. The applicable margin is based on the Midstream Partnership's applicable credit ratings. As of May 1, 2013, the applicable margin for LIBOR-based borrowings under the Term Loan Facility and the Revolving Credit Facility was 1.625% based on the Midstream Partnership's credit ratings.

In addition, the Revolving Credit Facility requires the Midstream Partnership to pay a fee on unused commitments. The commitment fee is based on the Midstream Partnership's applicable credit rating from the Rating Agencies. As of May 1, 2013, the commitment fee under the Revolving Credit Facility was 0.25% per annum based on the Midstream Partnership's credit ratings.

As of May 1, 2013, Moody's Investors Service, Inc., Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, and Fitch, Inc. (the "Rating Agencies") had assigned the following credit ratings to the debt of the Midstream Partnership:


Moody's S&P Fitch
Rating Outlook(1) Rating Outlook(2) Rating Outlook(3)
Revolving Credit Facility - - BBB- Stable BBB Stable
Term Loan Baa3 Stable BBB- Stable BBB Stable
Senior Unsecured Debt - - BBB- Stable BBB Stable




(1) A Moody's rating outlook is an opinion regarding the likely direction of an issuer's rating over the medium term.

(2) An S&P rating outlook assesses the potential direction of a long-term credit rating over the intermediate to longer term.

(3) A Fitch rating outlook encompasses a one- to two-year horizon as to the likely ratings direction.

CenterPoint cannot assure you that the ratings set forth above will remain in effect for any given period of time or that one or more of these ratings will not be lowered or withdrawn entirely by a rating agency. CenterPoint notes that these credit ratings are included for informational purposes and are not recommendations to buy, sell or hold its securities and may be revised or withdrawn at any time by the rating agency. Each rating should be evaluated independently of any other rating. A decline in these credit ratings could increase borrowing costs under each of the facilities and commitment fees under the Revolving Credit Facility. In addition, any future reduction or withdrawal of one or more of these credit ratings could have a material adverse impact on the Midstream Partnership's ability to obtain short-and long-term financing, the cost of such financings and the execution of its commercial strategies.

Advances under the Revolving Credit Facility are subject to certain conditions precedent, including the accuracy in all material respects of certain representations and warranties and the absence of any default or event of default. Initial advances under the Revolving Credit Facility were used for general corporate purposes and to refinance the Enogex revolving credit facility, which was terminated in connection with closing of the Midstream Partnership formation, and existing indebtedness owing by Enogex to OGE as of May 1, 2013. As of May 1, 2013, there was approximately $107.1 million in principal advances and approximately $2.0 million in letters of credit outstanding under the Revolving Credit Facility.



--------------------------------------------------------------------------------
The Term Loan Facility and the Revolving Credit Facility each contains a financial covenant requiring the Midstream Partnership to maintain a ratio of consolidated funded debt to consolidated earnings before interest, taxes, depreciation and amortization ("EBITDA") as of the last day of each fiscal quarter of less than or equal to 5.00 to 1.00; provided that, for a certain period of time following the consummation by the Midstream Partnership or certain of its subsidiaries of any one or more related acquisitions with a purchase price of at least $50 million in the aggregate, the consolidated funded debt to EBITDA ratio as of the last day of each such fiscal quarter during such period would be permitted to be up to 5.50 to 1.00.
The Term Loan Facility and the Revolving Credit Facility also contain covenants that restrict the Midstream Partnership and certain subsidiaries in respect of, among other things, mergers and consolidations, sales of all or substantially all assets, incurrence of subsidiary indebtedness, incurrence of liens, transactions with affiliates, designation of subsidiaries as Excluded Subsidiaries (as defined in the Term Loan Facility and the Revolving Credit Facility), restricted payments, changes in the nature of their respective businesses and entering into certain restrictive agreements. The Term Loan Facility and the Revolving Credit Facility are each subject to acceleration upon the occurrence of certain defaults, including, among others, payment defaults on such facility, breach of representations, warranties and covenants, acceleration of indebtedness (other than intercompany) of $100 million or more in the aggregate, change of control, nonpayment of uninsured money judgments in excess of $100 million, and the occurrence of certain ERISA and bankruptcy events, subject where applicable to specified cure periods.

The foregoing descriptions of the Term Loan Facility and the Revolving Credit Facility do not purport to be complete and are qualified in their entirety by reference to the full text of such documents. Copies of the Term Loan Facility and the Revolving Credit Facility are filed as Exhibits 99.1 and 99.2 hereto and are incorporated herein by reference.

Forward-Looking Statements

This filing contains forward-looking statements, which are subject to risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors that could cause actual results to differ materially include, but are not limited to (1) the inability to consummate the proposed IPO in a timely manner or at all; (2) risks that the transaction disrupts current plans and operations of CenterPoint or CERC; (3) potential difficulties in employee retention as a result of the transaction; (4) the ability to recognize the benefits of the proposed transaction; and (5) other factors described in CenterPoint's and CERC's filings with the Securities and Exchange Commission. Many of the factors that will determine the outcome of the subject matter of this filing are beyond the ability of CenterPoint or CERC to control or predict. Except as required by law, CenterPoint and CERC undertake no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.





Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.

As permitted by Item 9.01(a)(4) of Form 8-K, the Registrant will, if required, file the financial statements required by Item 9.01(a)(1) of Form 8-K pursuant to an amendment to this Form 8-K not later than 71 calendar days after the date this initial report on Form 8-K must be filed.

(b) Pro forma financial information.

As permitted by Item 9.01(b)(2) of Form 8-K, the Registrant will, if required, file the financial statements required by Item 9.01(b)(1) of Form 8-K pursuant to an amendment to this Form 8-K not later than 71 calendar days after the date this initial report on Form 8-K must be filed.

(d) Exhibits


--------------------------------------------------------------------------------
Exhibit
No. Description

2.1 Master Formation Agreement dated March 14, 2013 by and among
CenterPoint Energy, Inc., OGE Energy Corp., Bronco Midstream Holdings,
LLC and Bronco Midstream Holdings II, LLC. (incorporated by reference
to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on
March 18, 2013).

10.1 First Amended and Restated Agreement of Limited Partnership of
CenterPoint Energy Field Services LP dated as of May 1, 2013.

10.2 Amended and Restated Limited Liability Company Agreement of CNP OGE GP
LLC dated as of May 1, 2013.

10.3 Registration Rights Agreement dated as of May 1, 2013 by and among
CenterPoint Energy Field Services LP, CenterPoint Energy Resources
Corp., OGE Enogex Holdings LLC, and Enogex Holdings LLC.

10.4 Omnibus Agreement dated as of May 1, 2013 among CenterPoint Energy,
Inc., OGE Energy Corp., Enogex Holdings LLC and CenterPoint Energy
Field Services LP.

99.1 Term Loan Facility dated as of May 1, 2013 by and among CenterPoint
Energy Field Services LP and Citibank, N.A., as administrative agent,
UBS Securities LLC, as syndication agent, JPMorgan Chase Bank, N.A.
and Wells Fargo Bank, National Association as co-documentation agents,
and the several lenders thereto relating to a $1,050,000,000 3-year
unsecured term loan facility.

99.2 Revolving Credit Agreement dated as of May 1, 2013 by and among
CenterPoint Energy Field Services LP and Citibank, N.A., as
administrative agent, UBS Securities LLC, as syndication agent,
JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association,
as co-documentation agents, the several lenders from time to time
party thereto and the letter of credit issuers from time to time party
thereto relating to a $1,400,000,000 5-year unsecured revolving credit
facility.

Exactly as I thought.

Gimme 20 years and I should be able to finish the above contract with an excess of 4 new skyscrapers...

Sadly the above is the cliff notes version of what the agreements between Enogex and CenterPoint actually look like...

So...you're sayin' theres a chance!!

So...you're sayin' theres a chance!!

Great movie...lmao

Message board version of reality: Hey, let's merge two companies and build a new corporate headquarters tower in downtown OKC. Cool. Announce it, design it, build it. Quick.
Real world reality: Take post 4015 (great work Bellaboo), extrapolate that by 100, mix in about two dozen lawyers, throw in some complicated real estate and title issues just for fun, spice it up with secret incentive negotiations, make it even more interesting by throwing in a couple of competing cities trying to steal the deal, and then sit back and patiently realize these deals are done when they are done.

2014 basically.

Message board version of reality: Hey, let's merge two companies and build a new corporate headquarters tower in downtown OKC. Cool. Announce it, design it, build it. Quick.
Real world reality: Take post 4015 (great work Bellaboo), extrapolate that by 100, mix in about two dozen lawyers, throw in some complicated real estate and title issues just for fun, spice it up with secret incentive negotiations, make it even more interesting by throwing in a couple of competing cities trying to steal the deal, and then sit back and patiently realize these deals are done when they are done.

+1000

Steve, there is an old adage: "No job is hard for those who don't have to do it". I get amused by all the simplistic thinking on this board. But then again, it is hard for people to understand things of which they have no specific training, knowledge or experience either in the tasks or in the magnitude. People just don't know what they don't know. Unfortunately, that doesn't keep them from claiming they do. LOL.

2014 basically.

An announcement in 2014? Nah. The real world reality has been going on for quite some time now... I suspect it won't be much longer...

Message board version of reality: Hey, let's merge two companies and build a new corporate headquarters tower in downtown OKC. Cool. Announce it, design it, build it. Quick.
Real world reality: Take post 4015 (great work Bellaboo), extrapolate that by 100, mix in about two dozen lawyers, throw in some complicated real estate and title issues just for fun, spice it up with secret incentive negotiations, make it even more interesting by throwing in a couple of competing cities trying to steal the deal, and then sit back and patiently realize these deals are done when they are done.

Steve, thanks for the post. I can not wait to hear all of the details of this process when everything is finalized. Another book, maybe?

An announcement in 2014? Nah. The real world reality has been going on for quite some time now... I suspect it won't be much longer...

3716

Message board version of reality: Hey, let's merge two companies and build a new corporate headquarters tower in downtown OKC. Cool. Announce it, design it, build it. Quick.
Real world reality: Take post 4015 (great work Bellaboo), extrapolate that by 100, mix in about two dozen lawyers, throw in some complicated real estate and title issues just for fun, spice it up with secret incentive negotiations, make it even more interesting by throwing in a couple of competing cities trying to steal the deal, and then sit back and patiently realize these deals are done when they are done.

Any chance you can tell us which other cities are trying to steal this company? Or at least after the deal is over?

Have we thwarted the attempts of the other two cities to steal or are they still in the running with us?

Any chance you can tell us which other cities are trying to steal this company? Or at least after the deal is over?

Well 2 cities that are pretty obvious would be Dallas and WhoStun. Now you might even throw in Midland since they seem intent on on trying to be the "next" Texas city to pop up.

Well 2 cities that are pretty obvious would be Dallas and WhoStun. Now you might even throw in Midland since they seem intent on on trying to be the "next" Texas city to pop up.

I'd put money on Houston and Denver.

I'd put money on Houston and Denver.

+1

I'd put money on Houston and Denver.


Well OKC needs to do what it takes to get these Giants to come in. Just do whatever it takes......

I'd put money on Houston and Denver.

I wouldn't. You guys must be the ultimate pessimist or just bored to death. Go re-read post 2018 and 2024.....there's some evidence in both of those.

I think NWOKCGuy was just saying that he'd bet those are the competing cities, not that they will beat out OKC for the company...

I wouldn't. You guys must be the ultimate pessimist or just bored to death. Go re-read post 2018 and 2024.....there's some evidence in both of those.

Regardless, the specter of competition here to fore has not been mentioned.

Regardless, the specter of competition here to fore has not been mentioned.

True, but some of these guys feel like it could go to another city at this point.

True, but some of these guys feel like it could go to another city at this point.

Well, couldn't it?

Well, couldn't it?

I would not bet that it would be anywhere than OKC. I have a connection to a source who says we will not be disappointed.

I would not bet that it would be anywhere than OKC. I have a connection to a source who says we will not be disappointed.

So, your source isn't worried?

So, your source isn't worried?

My source is not 100 %, but they are not worried. My source is the wife of an Enogex employee. She told me that he told her some announcement would be made by July. Let's put it this way, she said they were not moving.....

My source is also about 3 deep info too. so FWIW.

I wouldn't. You guys must be the ultimate pessimist or just bored to death. Go re-read post 2018 and 2024.....there's some evidence in both of those.

I went back and read those posts. What evidence were you talking about?

So, your source isn't worried?

Bellaboo's source is Steve?

Bellaboo's source is Steve?

Not Steve, but I trust Steve and he's not worried. My source's husband is a corporate employee of Enogex for over 20 years.......let's stop right here before we all get in trouble. haha

I went back and read those posts. What evidence were you talking about?

Those posts are telling you they know something without being openly blatant about it......like reading between the lines.

Like I said awhile ago: If OKC is *not* getting this company, then we probably would be hearing that we are losing Enogex. There need not be any rumors/speculation as far as that goes. We *know* Enogex is the managing partner in this company. So either they move or the company comes here. There are zero other options. Well, I mean, I guess Option C is that this MLP never actually forms, but that seems ridiculous.

My source explained it like this - 80% of the entire physical infrastructure of the new MLP is in Oklahoma. It's logical to be located near the source.

Well OKC needs to do what it takes to get these Giants to come in. Just do whatever it takes......

Were far from desperate and we have the lowest unemployment rate. No need to offer up a whiff of desperation for no reason. These talks are being handled by the best professionals in the biz. The OKC Chamber is one of the largest in the country and the chamber junta knows how to wine and dine up on the 54th floor. Anything dealing with the state legislature scares da crap outta me though..

Any chance you can tell us which other cities are trying to steal this company? Or at least after the deal is over?

When I mentioned Houston and Denver, I was answering this post, not saying we were losing to them.

I am finalizing the financing on my new building two blocks away. My commercial banker included this in his email today:

"In related news: I have it under good authority that another corporate tower will be named at the current Stage Center location sometime next week! That certainly bodes well for the neighborhood!"

I pressed him further on whom and he responded "OG&E's midstream company".

I have no clue who is source is or how reliable it is...just the messenger/gossiper.

^

Very interesting.

Consistent with other rumors and I hope the timing is right, as it would be nice to get an official announcement.

Oh this place is going to be a mess if we don't have an announcement by the end of May...

Steve said "up to 90 days" in an address on the 3/27, which makes this day 50...sometime next week being ~day 60. Seems a little early considering how long things have been going on, but I guess it's reasonable.

Of course, if this happens, it will be a little bit easier to handle the Thunder not making the WCF.

Of course, if this happens, it will be a little bit easier to handle the Thunder not making the WCF.
Ha! Precisely.

My source explained it like this - 80% of the entire physical infrastructure of the new MLP is in Oklahoma. It's logical to be located near the source.

Not exactly. As far as pipeline it’s more like 56%. According to third party datasets CenterPoint has 3650 miles in OK with Enogex having 8750 and CenterPoint has 9400 in other states and Enogex with about 275 in Texas (12400 in OK vs 9675 other). This is 3rd party data so give or take 1000 miles or so in either direction but no way it’s close to 80%. From the slideshow, there are 8 gas plants in OK vs 3 in other states (72%) but when you consider capacity (1.1 in OK vs .8 in TX) its 58%. There is storage and compression infrastructure to consider but there is not much to a storage well and I cannot imagine compression being that out of balance with the pipeline and gas plants the stations support.

It is true that OKC is more central to the facilities than Houston (even if it is not 80% of the infrastructure) but there is also a commercial side to the midstream business. Look at where the producer customer base is located (by volume shown on slide 10): Encana – Denver, Shell – Houston, XTO – Ft Worth, Chesapeake - OKC, Apache – Houston, QEP – Denver, Devon – OKC, Sampson – Tulsa, BHP – Houston, BP – Houston and just to be nice to OKC count Continental Resources in at #11. Yes OKC has 3 of the top 11 but Devon and Chesapeake together are about equal to Shell and the top three (Encana, Shell, and XTO) are all from CenterPoint. As far as the transportation side – the pipeline companies they deliver gas from/to – where are most of them based? Yes, Oneok and parts of Williams are in Tulsa but Houston is probably where you would want to have a strong presence.

As far as being central to your pipeline system, look at a few of the major companies:
Kinder Morgan – Houston - http://www.kindermorgan.com/asset_map/KM_Natural_Gas_System_Map.pdf
DCP – Denver - https://www.dcpmidstream.com/Operations/Pages/Facilities.aspx
Enbridge – Houston - http://www.enbridgeus.com/media/map.swf
HQ location does not seem to be a strong predictor of infrastructure location.

Do not forget CenterPoint has the majority of the interest in the company and just look at the EBITDA on the last slide of the investor PowerPoint, money talks. I would love to see OKC get the HQ but they have said they are going to at least maintain a presence in Houston and Shreveport so even if they do locate here it will not be as if the entire company will be based out of downtown. Aside from OGE/Enogex and all of us who want it here, the cards are not exactly in OKC's favor so it will definitely be worthy of celebrating if we do get the HQ.

Back to the skyscraper discussion, if/when the Stage Center site is redeveloped, where is the parking for 2000 cars going to go? Preftakes block is north, the new school is west, the park is east, is it going to be on Reno on the south portion of the Stage Center block? Or a tall narrow tower with the rest of the site a garage?

Back to the skyscraper discussion, if/when the Stage Center site is redeveloped, where is the parking for 2000 cars going to go? Preftakes block is north, the new school is west, the park is east, is it going to be on Reno on the south portion of the Stage Center block? Or a tall narrow tower with the rest of the site a garage?

I understand your question but my thoughts are that anyone considering spending hundreds of millions on a new tower will likely take parking into consideration. I'm sure that question will be answered.

Not exactly. As far as pipeline it’s more like 56%. According to third party datasets CenterPoint has 3650 miles in OK with Enogex having 8750 and CenterPoint has 9400 in other states and Enogex with about 275 in Texas (12400 in OK vs 9675 other). This is 3rd party data so give or take 1000 miles or so in either direction but no way it’s close to 80%. From the slideshow, there are 8 gas plants in OK vs 3 in other states (72%) but when you consider capacity (1.1 in OK vs .8 in TX) its 58%. There is storage and compression infrastructure to consider but there is not much to a storage well and I cannot imagine compression being that out of balance with the pipeline and gas plants the stations support.

It is true that OKC is more central to the facilities than Houston (even if it is not 80% of the infrastructure) but there is also a commercial side to the midstream business. Look at where the producer customer base is located (by volume shown on slide 10): Encana – Denver, Shell – Houston, XTO – Ft Worth, Chesapeake - OKC, Apache – Houston, QEP – Denver, Devon – OKC, Sampson – Tulsa, BHP – Houston, BP – Houston and just to be nice to OKC count Continental Resources in at #11. Yes OKC has 3 of the top 11 but Devon and Chesapeake together are about equal to Shell and the top three (Encana, Shell, and XTO) are all from CenterPoint. As far as the transportation side – the pipeline companies they deliver gas from/to – where are most of them based? Yes, Oneok and parts of Williams are in Tulsa but Houston is probably where you would want to have a strong presence.

As far as being central to your pipeline system, look at a few of the major companies:
Kinder Morgan – Houston - http://www.kindermorgan.com/asset_map/KM_Natural_Gas_System_Map.pdf
DCP – Denver - https://www.dcpmidstream.com/Operations/Pages/Facilities.aspx
Enbridge – Houston - http://www.enbridgeus.com/media/map.swf
HQ location does not seem to be a strong predictor of infrastructure location.

Do not forget CenterPoint has the majority of the interest in the company and just look at the EBITDA on the last slide of the investor PowerPoint, money talks. I would love to see OKC get the HQ but they have said they are going to at least maintain a presence in Houston and Shreveport so even if they do locate here it will not be as if the entire company will be based out of downtown. Aside from OGE/Enogex and all of us who want it here, the cards are not exactly in OKC's favor so it will definitely be worthy of celebrating if we do get the HQ.

Back to the skyscraper discussion, if/when the Stage Center site is redeveloped, where is the parking for 2000 cars going to go? Preftakes block is north, the new school is west, the park is east, is it going to be on Reno on the south portion of the Stage Center block? Or a tall narrow tower with the rest of the site a garage?

Let's expand on this - if you take Oklahoma's border and extend it by 50 miles, then you probably, and this is just a guess, have 85 % of the infrastructure..... my source is a 25+ year employee in the Enogex corporate office.

Now parking - the city is building an 800 plus space garage just a short block away, and IIRC the Mystery Tower is possibly looking at the entire block. The site would be about the same size as Devons, and I believe their garage is in excess of 1500 spaces. Also, it's been mentioned that another is likely to be built just accross the street in the new civic center location......the bottom line, you can put structured parking just about anywhere.

I think that site is large enough for a building and parking garage.

Edit: Now that I look at it a little closer, I'm not sure the site is big enough for both....

Remember, there is talk about taking the city-owned properties to the south of Stage Center, all the way to Reno.

Also, the city has proposed several large parking garages for that area.

Headquarters relocation conference being held in Dallas this weekend. Look who is showing up on the list of attendees.


The balance of the LiveXchange conference program will present comprehensive, practical and strategic information to help corporate executives better plan and manage their companies’ relocation or expansion projects.


Executives will also meet one-on-one to discuss their projects with the economic development agencies from across the U.S. who are sponsoring the event:
...
•Greater Houston Partnership/Centerpoint Energy (TX)
•Greater Oklahoma City Chamber
...

Business Facilities LiveXchange To Kick Off This Weekend (http://businessfacilities.com/business-facilities-livexchange-to-kick-off-this-weekend/)

Headquarters relocation conference being held in Dallas this weekend. Look who is showing up on the list of attendees.





Business Facilities LiveXchange To Kick Off This Weekend (http://businessfacilities.com/business-facilities-livexchange-to-kick-off-this-weekend/)

I wonder if we're going to lose to Houston. That would suck.

I wonder if we're going to lose to Houston. That would suck.

Oh don't you know, CNP's midstream operation is coming here........

Oh don't you know, CNP's midstream operation is coming here........

Steve's not worried

Don't read too much into that - here is the full list.

•AdvantageWest Economic Development Group(NC)
•Choose New Jersey, Inc.
•Clarksville-Montgomery County Industrial Development (TN)
•Greater Houston Partnership/Centerpoint Energy (TX)
•Greater Oklahoma City Chamber
•Hernando County Florida & Brooksville-Tampa Bay Regional Airport
•LocateSC
•Louisiana Department of Economic Development/AEP:SWEPCO
•North Carolina’s Northeast Commission
•Overland Park Economic Development Council (KS)
•Piedmont Triad Region of North Carolina
•Quad Cities First (IA)
•Regional Growth Partnership [Toledo] | JobsOhio
•Rio South Texas Economic Council
•Santee Cooper and Myrtle Beach Regional Economic Development Corporation (SC)
•Seymour-Jackson County/Harrison County, Indiana: South Central Indiana
•Tennessee Department of Economic & Community Development
•The Joplin Regional Partnership (MO)

Anything with Choose New Jersey has to be open to anyone :)

Anything with Choose New Jersey has to be open to anyone :)


That's funny. As far as parking......don't forget the NW corner of Walker and Reno. The peacock restaurant is for sell and includes the parking lots on both sides which would make for a huge parking garage. It could stretch all the way from Walker to Dewey and take the south side of the block

When I worked in Tampa the floors 2 thru 9 or our building were all parking. It could hold a couple of hundred cars. Several of the other downtown buildings have parking on the first 10 floors or so. I can't think of any towers in downtown OKC that has their own parking within the tower itself (other than Leadership Sq).

That's funny. As far as parking......don't forget the NW corner of Walker and Reno. The peacock restaurant is for sell and includes the parking lots on both sides which would make for a huge parking garage. It could stretch all the way from Walker to Dewey and take the south side of the block

This is one of the sites the City has identified (Downtown Site 2):

http://www.okctalk.com/images/pete/dtparking1.jpg

http://www.okctalk.com/images/pete/dtsite2.jpg

Theres rumors of OG&E building a tower, so now that rumors of Centerpoint and OG&E partnership building a tower would this mean two towers or one?

Theres rumors of OG&E building a tower, so now that rumors of Centerpoint and OG&E partnership building a tower would this mean two towers or one?

If I've read Pete's posts correctly, He's hearing OGE is snooping around, I believe, at the NW corner of RSKerr/Hudson (I think specifically, he's said "North of the Arts Museum"). That would make financial sense: half the block is surface parking, it's right by their current headquarters and (I assume) parking garage.

If I've read Pete's posts correctly, He's hearing OGE is snooping around, I believe, at the NW corner of RSKerr/Hudson (I think specifically, he's said "North of the Arts Museum"). That would make financial sense: half the block is surface parking, it's right by their current headquarters and (I assume) parking garage.

I kind of wonder if they wouldn't share the Stage Center site in one facility ? It would justify the large building rumor we've been hearing..