Energy investment in Houston continues to accelerate with a series of recent headquarters relocations and expansions across the region.
HQ Moves
Expand Energy, North America’s largest natural gas producer, is planning to relocate its headquarters to Houston from Oklahoma City later this year. The move will center on executive leadership and strengthen connections with industry and commercial partners.
“Building on our positive momentum going into 2026, our new headquarters….will enable us to capitalize on Houston’s leading role as a gateway to the global natural gas market,” said Michael Wichterich, Interim President and Chief Executive Officer, in a press release.
Houston-based Coterra Energy and Fortune 500 company Devon Energy, based in Oklahoma City, have agreed to merge in a $58 billion transaction that will create one of the world’s leading shale producers. Following the expected close in the second quarter of 2026, the combined company will operate under the Devon Energy name and be headquartered in Houston. The announcement brings Houston’s total number of Fortune 500 headquarters to 27, 22 of which are energy companies.
RELATED: Chevron Relocates Headquarters to Houston
Expansions
German-based Siemens Energy is expanding its Houston presence as part of a $1 billion U.S. investment aimed at meeting rising power demand driven by the data center boom. Locally, funding will support upgrades to facilities that manufacture and service compression equipment used to move gas and liquids through pipelines. The company will also expand its Houston location that provides engineering services, repairs and maintenance for power generation equipment, according to the Houston Business Journal.
RELATED: Apple’s Major Investment Cements Houston as a Leading U.S. Manufacturing and Tech Hub
New York-based SmartestEnergy US, a retail energy services provider, has entered the Texas market with a new satellite office in Houston. The company is finalizing a lease in the Galleria area and plans to grow its local workforce to as many as 100 employees over time, according to the Houston Business Journal.
“Texas represents an important milestone in our long-term US growth strategy,” said Andy Cormie, CEO of SmartestEnergy US, in a press release. “As one of the country’s largest and most competitive energy markets, it provides a significant opportunity to support more partners and businesses with the products, insights and service they need to navigate an evolving energy landscape.”
Why Houston?
These announcements reflect a larger trend: energy companies continue to choose Houston because it offers the talent, infrastructure and industry network needed to compete in a global market — from natural gas and power generation to emerging technologies shaping the future of energy.
Learn why companies are choosing Houston to scale.