Devon to Close Houston Office After $5 Billion Grayson Mill Deal

Devon Energy Corp. said it plans to close the Houston office of Grayson Mill Energy after its $5 billion acquisition of the Bakken shale business last year.

The shale producer will close the Houston office by September — roughly a year after the deal closed — and move workers to its Oklahoma City headquarters, Michelle Hindmarch, a company spokesperson, said Wednesday in an email statement. She didn’t disclose the number of workers affected or cost savings from the move.

“Many Houston employees have been offered opportunities to relocate to Oklahoma City,” Hindmarch said. “This decision is rooted in our belief ...