What is the impact of oil major Shell abandoning downtown Houston?

Discussion created by kmillspaugh on Sep 20, 2016
Latest reply on Sep 21, 2016 by katie.mehnert

Shell is leaving its namesake building in downtown Houston, TX  and moving employees to their energy corridor campuses.  The Shell workforce has dwindled with the acquisition of BG Group and the economics of the oil business.

What statement are they making about the state of the oil economy and what impact, if any, does this have on the industry?