Exxon Mobil's shale subsidiary XTO Energy will begin moving its headquarters next week from Fort Worth to the Houston area.
The plan is to shift up to 1,200 jobs to Exxon Mobil's Spring campus as the Irving-based Big Oil giant consolidates more of its operations near Houston. The massive Spring campus opened in 2014, but wasn't completed until 2016. Up to 400 additional XTO positions will move to Spring in 2020.
Exxon Mobil bought XTO for more than $30 billion in 2010 to dramatically expand its onshore shale presence in the U.S. As XTO is integrated into Exxon Mobil more, XTO is closing its downtown Fort Worth headquarters.
The move is expected to occur from June 1 to July 1.
While Exxon Mobil isn't releasing specific numbers, a large majority of the Fort Worth employees are relocating to the Spring campus. Some others will be reassigned to other Dallas-area locations.
Thus far, only about 65 of the workers are being terminated for deciding against relocating, said XTO spokesman Jeremy Eikenberry. They will receive severance pay.
"We recognize this decision impacts people's lives, and it was only made with careful consideration to those people and our business," he said.
Some new XTO hiring also will occur for the Spring campus, but Exxon Mobil isn't revealing any details.