Summit said the relocation will include its corporate teams from offices in both The Woodlands and Atlanta, where the company was founded. Summit's new office will be located across two floors at the One Shell Plaza tower at 910 Louisiana St., Houston.
"We are very pleased to have the opportunity to consolidate our corporate headquarters to a premier downtown Houston office location that brings our employees closer to many of our customers, vendors, lenders and investors," Summit President and CEO Heath Deneke said in a statement. "Our new office location provides ample space to accommodate our current and future office needs while broadening our access to a deep pool of experienced energy professionals. In addition to the cultural and organizational effectiveness gains, the move will also provide an immediate and significant source of cost savings for SMLP going forward."
Summit's The Woodlands headquarters is located in the Two Hughes Landing office building at 1790 Hughes Landing Blvd., Ste. 500, The Woodlands. According an estimate from The Woodlands Area Economic Development Partnership, the company employed more than 150 people in early 2019. The company owns and operates midstream energy infrastructure assets across the U.S., according to its corporate website.
Summit's relocation notice comes about one week after another The Woodlands-based energy company, Occidental Petroleum Corp., announced it would be retaining its local office presence. Occidental said it would continue to occupy space at the property and landmark towers in The Woodlands Town Center formerly occupied by Anadarko Petroleum Corp. after selling the towers to The Howard Hughes Corp. in December. Occidental acquired Anadarko and its assets last August.