LINN Energy

[Pete]

9/25/14: $1.8 million in building permits for tenant finish out on all four floors.

LINN Energy is set to move it's Oklahoma City operations into a new $20 million office building to be constructed at 14701 Hertz Quail Springs Parkway.

LINN is headquartered in Houston with 1,100 employees nationwide and approximately 130 in Oklahoma City.

The new 4-story, 109,000 square foot building will be developed by Greenstone Properties of Alpharetta, Georgia. Construction should start later this year and take approximately 12 to 18 months to complete. Architects are Wakefield Beasley & Associates of Atlanta.

LINN has been growing rapidly and currently leases space at 14000 Quail Springs Parkway.

http://www.linnenergy.com/

[Plutonic Panda]

Their current building seems pretty nice. That whole area is really cool! This will be good it seems.

[Pete]

They are growing fast and adding lots of high-paying jobs in OKC.

And this scale of construction is always good for the local economy.


Tucker's picked a good spot for their far north location, as this is just a couple of blocks away. Not long after they open, they should be seeing a drove of hungry construction workers.

[Anonymous.]

Nice to see. I remember back in the prime days of 'Mystery Tower' thread - I posted about LINN and upping their presence in OKC. My post was laughed at on the Houston boards. This one feels good.

I would love for (and can see) LINN to eventually become a larger OKC presence, notably downtown.

[bchris02]

Most cities have multiple centers of economic activity. It's nice to see the current boom that is happening in the Memorial/Quail Springs area. I've said since I've lived here that the area has the most potential to become OKC's "cool" suburban area.

[Pete]

There are a bunch of energy companies up in that area.

[pickles]

Most cities have multiple centers of economic activity.

Really?

[bchris02]

Really?

No need for the sarcasm when I am actually posting something positive.

[Spartan]

Some cities have multiple centers, some have been better at maintaining centrality. You can point to a corporate park in any city but the question is if it significant.

Bookings did conclude that downtown OKC is losing ground to the rest of the metro in employment figures. Case studies alone do not give an accurate picture bc it's easy to fixate on Devon or in this thread, Linn. Linn is a ripple and Devon is a big wave, but there is still the ocean. Most of OKC's largest employers are 5-10 miles out.

[Plutonic Panda]

They are growing fast and adding lots of high-paying jobs in OKC.

And this scale of construction is always good for the local economy.


Tucker's picked a good spot for their far north location, as this is just a couple of blocks away. Not long after they open, they should be seeing a drove of hungry construction workers.

and more to come after this I'm sure

[adaniel]

Some cities have multiple centers, some have been better at maintaining centrality. You can point to a corporate park in any city but the question is if it significant.

Bookings did conclude that downtown OKC is losing ground to the rest of the metro in employment figures. Case studies alone do not give an accurate picture bc it's easy to fixate on Devon or in this thread, Linn. Linn is a ripple and Devon is a big wave, but there is still the ocean. Most of OKC's largest employers are 5-10 miles out.

OKC is really no different than most cities in the southern tier of the US as far as "jobs sprawl" is concerned. If anything it seems the plurality of the metros jobs and the majority of the metros white collar jobs are located within 5 miles of the city center. Downtown, State Capitol, OUHSC, Chesapeake, Dell, Integris, and all of the offices along NW Expressway all lie within 5 miles.

If you want to stretch it out to 7 ot 8 miles, you can include most of TAFB as well. I can't really think of any large employers any further than that besides FAA, Hobby Lobby, a handful of hospitals, and depending on your definition of the "core city", OU-Norman Campus. And a lot of these are in industries that would not work in a dense urban core.

In any event, didn't mean to change the subject. Linn is a good company and if they build on th outskirts I would much rather them add to an existing development rather than in the middle of some cornfield. Good win for OKC.

[Pete]

Applications today for two construction trailers for this project.

Dirt should be moving very soon.

[fromdust]

Oh hell yeah, Linn. We like doing work for them. They provide catering. Lol. Very nice of them.

[Pete]

From what I've read and heard, LINN has a very upbeat and progressive corporate culture.

They take good care of their employees and people seem to really like working for them.

[Zuplar]

Off topic question, but who's football stadium is that?

[Pete]

Off topic question, but who's football stadium is that?

Crossings, private Christian school and church at Memorial & Portland.

[Zuplar]

Gotcha, never heard of it. Looks like a nice newer stadium.

[Pete]

Devon Energy sells assets to Linn Energy for $2.3B - Houston Business Journal

Houston’s Linn Energy LLC (Nasdaq: LINE) and LinnCo LLC (Nasdaq: LNCO) said June 30 that Linn has agreed to acquire assets from Oklahoma City-based Devon Energy Corp. (NYSE: DVN) for $2.3 billion.

The deal is for approximately 900,000 net acres across the Rockies, Mid-Continent east Texas, north Louisiana and south Texas regions with approximately 4,500 total wells. They're currently producing 275 million cubic feet equivalent per day, 80 percent of which is natural gas.

Linn also identified more than 1,000 future drilling locations and more than 600 recompletion opportunities.

[lasomeday]

Devon Energy sells assets to Linn Energy for $2.3B - Houston Business Journal

These new assets will be managed out of the Okc office and will replace the loss of the granite wash assets they are selling.

[BillyOcean]

who are they selling their granite wash assets to?

[Plutonic Panda]

not very good pics but gives an idea

9/24/2014

[Pete]

Today there was a total of $1.8 million in building permits for tenant finish out on the four floors.

I bet this building will start to rise pretty quickly in the near future.

[Plutonic Panda]

12/27/2014

[ljbab728]

It appears that much of the construction will be precast.

[Plutonic Panda]

It appears that much of the construction will be precast.

Is that bad?