Oil and gas company BP said Wednesday it will move headquarters staff for its onshore division from Houston to Denver because of the region's importance as an energy hub.
David Lawler, CEO of the BP Lower 48 division, said there are increasing business opportunities in the Rockies, where the company has about two-thirds of its oil and natural gas production and proven reserves and previously had a significant presence.
"In some ways, this is a homecoming for us," Lawler said.
"Houston will remain a large and important center for our business, and we have no plans to change that," he said. "The same is true for...