ig2ba Posted December 20, 2013 Share Posted December 20, 2013 Sorry for not replying directly. Lafayette, Covington, and Henry Hub are all in the state of Louisiana. Hurricane Katrina did not hit Louisiana Street. 1 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted December 20, 2013 Share Posted December 20, 2013 Pardon my French but... UGH!!!!!!!!!!!!!!!!!111 Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted December 20, 2013 Share Posted December 20, 2013 Mexico is ending their oil monopoly, inviting foreign investment. Look for oil prices to drop and production there doubles in the next few years. you would think that if Chevron grabs a chunk of that, they'll need more office space... lol http://www.bloomberg.com/news/2013-12-16/north-america-to-drown-in-oil-as-mexico-ends-monopoly.html Quote Link to comment Share on other sites More sharing options...
Moore713 Posted December 23, 2013 Share Posted December 23, 2013 And there it is the reason they put it on hold.http://www.bizjournals.com/houston/news/2013/12/20/with-an-eye-on-australia-plans-on.html 1 Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted December 24, 2013 Share Posted December 24, 2013 Boooooo Quote Link to comment Share on other sites More sharing options...
cloud713 Posted December 24, 2013 Share Posted December 24, 2013 This tower is like 1/170th the cost of the Australia project and they can't manage to squeeze this tower into their budget? Lame.. Hopefully 2015 brings us better news Quote Link to comment Share on other sites More sharing options...
tangledwoods Posted December 24, 2013 Author Share Posted December 24, 2013 This isn't a problem of budget, rather a problem of cash flow. This project is critical to the future of their operations, they will likely start sooner than one they announced. In the meantime look on the bright side, this does allow time for redesign!!! 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 24, 2013 Share Posted December 24, 2013 This tower is like 1/170th the cost of the Australia project and they can't manage to squeeze this tower into their budget? Lame.. Hopefully 2015 brings us better newsThats what I was thinking."My budgets kinda strapped right now and I wanna finish building out my home theatre setup so im not gonna buy any gum this month." 1 Quote Link to comment Share on other sites More sharing options...
fernz Posted December 24, 2013 Share Posted December 24, 2013 This isn't a problem of budget, rather a problem of cash flow. This project is critical to the future of their operations, they will likely start sooner than one they announced. In the meantime look on the bright side, this does allow time for redesign!!! I can imagine when the RE team goes in front of the capex committee to request additional funds for the redesign: "I know we are billions of dollars over budget on other projects, but we really need more money on this one, the haifers don't like the design!" 3 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted December 24, 2013 Share Posted December 24, 2013 I would assume that a large reason for this tower is to compete with Exxon for talent. This shiny new tower in downtown vs Exxon's shiny campus in the boonies. As much as I hate that they have a cash flow issue delaying it, I am still confident that they will build it. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 24, 2013 Share Posted December 24, 2013 This tower is like 1/170th the cost of the Australia project and they can't manage to squeeze this tower into their budget? Lame.. Hopefully 2015 brings us better newsNot lame at all. You need to focus not on the total Australia cost, most of which was already budgeted/allocated, but on the unexpected increase of $2 Billion. The company has a certain amount of money available for capital projects. They aren't the federal Government, which can just print more money. Quote Link to comment Share on other sites More sharing options...
wxman Posted December 24, 2013 Share Posted December 24, 2013 I would assume that a large reason for this tower is to compete with Exxon for talent. This shiny new tower in downtown vs Exxon's shiny campus in the boonies. As much as I hate that they have a cash flow issue delaying it, I am still confident that they will build it. Boonies? You speak like you're from a small little town somewhere. You people need to wake up and realize that The Woodlands is a major economic hub now in a county pushing over 500,000 people. I'm not sure ''Boonies'' is the word I would have chosen for it. The campus (Exxon) is sitting on the Harris/Montgomery county line. If it were in Willis or Huntsville, then I could agree. 1 Quote Link to comment Share on other sites More sharing options...
JJxvi Posted December 24, 2013 Share Posted December 24, 2013 It might be the word that Chevron recruiters will use for it. 1 Quote Link to comment Share on other sites More sharing options...
htownproud Posted December 24, 2013 Share Posted December 24, 2013 How about "BFE"? The woodlands is definitely out there for folks wanting to live in a big city. I don't know anyone that is excited about the new Exxon campus so I'm not sure chevron needs the tower to compete for talent. My understanding s that Exxon is anticipating having some retention issuers wih the move . . . . 2 Quote Link to comment Share on other sites More sharing options...
Slick Vik Posted December 25, 2013 Share Posted December 25, 2013 (edited) The woodlands is very far from everything except itself. Edited December 25, 2013 by Urbannizer Quote removed 2 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted December 25, 2013 Share Posted December 25, 2013 Boonies. 2 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 25, 2013 Share Posted December 25, 2013 (edited) The woodlands is in the boonies. Edited December 25, 2013 by Urbannizer 1 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted December 25, 2013 Share Posted December 25, 2013 Boonies? You speak like you're from a small little town somewhere. You people need to wake up and realize that The Woodlands is a major economic hub now in a county pushing over 500,000 people. I'm not sure ''Boonies'' is the word I would have chosen for it. The campus (Exxon) is sitting on the Harris/Montgomery county line. If it were in Willis or Huntsville, then I could agree.Hardly. Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 25, 2013 Share Posted December 25, 2013 This isn't a problem of budget, rather a problem of cash flow. This project is critical to the future of their operations, they will likely start sooner than one they announced. In the meantime look on the bright side, this does allow time for redesign!!! I can imagine when the RE team goes in front of the capex committee to request additional funds for the redesign: "I know we are billions of dollars over budget on other projects, but we really need more money on this one, the haifers don't like the design!" True, but I bet the RE team is not the only group that has input on projects this big. If anything they're probably just a middle man at least for the facade design. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 26, 2013 Share Posted December 26, 2013 Boonies? You speak like you're from a small little town somewhere. You people need to wake up and realize that The Woodlands is a major economic hub now in a county pushing over 500,000 people. I'm not sure ''Boonies'' is the word I would have chosen for it. The campus (Exxon) is sitting on the Harris/Montgomery county line. If it were in Willis or Huntsville, then I could agree.The Woodlands is a shining emerald in a sea of booniness. You might say it's the Houston of Montgomery County... As Houston is to Texas. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 26, 2013 Share Posted December 26, 2013 The woodlands is very far from everything except itself.Its far from many things important, but it's not really that far from the Houston Urban Area. In fact the Exxon Campus is closer to the city of spring than to The Woodlands CDP. I don't know why the Conroe/ Woodlands UA is separate from Houston UA, because the development seems continuous for a large area. But the Exxon plant will definitely cement the two urban areas together. Houston UA had 4.944M people in 2010, Conroe/Woodlands had .240M, Dallas Fort worth had 5.121M. If the Woodlands was part of Houston Urban area the totsl would be 5.184M which would make the Houston urban area bigger.It would be really odd for Chevron to build head quarters in Conroe. Now that would be out there Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 27, 2013 Share Posted December 27, 2013 Several comments have been removed to prevent this topic from going into the wrong direction. 1 Quote Link to comment Share on other sites More sharing options...
Slick Vik Posted December 27, 2013 Share Posted December 27, 2013 Its far from many things important, but it's not really that far from the Houston Urban Area.In fact the Exxon Campus is closer to the city of spring than to The Woodlands CDP. I don't know why the Conroe/ Woodlands UA is separate from Houston UA, because the development seems continuous for a large area. But the Exxon plant will definitely cement the two urban areas together.Houston UA had 4.944M people in 2010, Conroe/Woodlands had .240M, Dallas Fort worth had 5.121M. If the Woodlands was part of Houston Urban area the totsl would be 5.184M which would make the Houston urban area bigger.It would be really odd for Chevron to build head quarters in Conroe. Now that would be out there Being close to Conroe and Spring is still far from anything of note. 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 28, 2013 Share Posted December 28, 2013 Two things:1. Can we keep this thread about Chevron tower? Posts have had to be removed, and already we're debating that Montgomery County crap again?2. Anything north of FM 1960 = boondocks. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 28, 2013 Share Posted December 28, 2013 Being close to Conroe and Spring is still far from anything of note.I don't disagree 1 Quote Link to comment Share on other sites More sharing options...
Golyadkin Posted December 28, 2013 Share Posted December 28, 2013 The story I've gotten is that this tower is delayed because Chevron is diverting a lot of money to upstream development (exploration, etc.) and the money for the tower isn't there because of it. Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted January 2, 2014 Share Posted January 2, 2014 The news sucks but we still got a lot to look forward to DT Quote Link to comment Share on other sites More sharing options...
Mab Posted January 4, 2014 Share Posted January 4, 2014 http://www.houstonchronicle.com/business/real-estate/article/Chevron-purchases-downtown-block-5112259.php Chevron purchase a downtown block In late November, the oil and gas giant acquired the block bounded by Milam, Travis, Leeland and Pease. The property is used primarily as a surface parking lot, but it contains a low-rise office building at its southwest corner. Also a update on the push back on the announced building About two weeks ago, Chevron said it decided to push back construction of its new tower. Explaining the delay, Higgs said the company was in a "unique, capitally intensive period" and for the time being that it would be focusing its resources elsewhere.He said Chevron was still committed to building the tower and that the delay would not affect previously announced employee moves to Houston. The decision on when to resume the project would not be made until after 2014. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 4, 2014 Share Posted January 4, 2014 http://www.houstonchronicle.com/business/real-estate/article/Chevron-purchases-downtown-block-5112259.php Chevron purchase a downtown block Also a update on the push back on the announced buildingwoah.. what does Chevron want with that block? thats the one south of the ExxonMobil building.. i know that along with the YMCA block at 1600, they also own the block east of 1500 Louisiana for a future 4th tower.. could the new block be for a parking garage for all these new workers?and who owns/what is the structure on the block just east of YMCA/south of the Chevron daycare block? its directly between the new plot they bought and the rest of their campus.. Quote Link to comment Share on other sites More sharing options...
Texasota Posted January 4, 2014 Share Posted January 4, 2014 That's a beautiful building on that block. I'd hate to see it razed. Quote Link to comment Share on other sites More sharing options...
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