Parsley Energy is moving its headquarters from Midland in West Texas and has secured 73,843 square feet in the building. The company cites recruitment factors as a big reason for its decision to relocate most of its personnel here...
Colin Roberts, Parsley’s general counsel, said the exploration and production company, which operates wells in the Permian Basin of West Texas, decided to make Austin its home based on personnel issues.
“We have faced significant recruiting challenges in Midland, particularly with respect to certain executive positions and technical employees like engineers and geologists,” Roberts said.
About 50 employees will move from Midland and dozens more will be recruited here immediately, he said.
“We’ve already begun hiring employees directly to Austin. We expect our employee count to continue to rapidly increase in the coming years,” Roberts said...
Parsley was represented by Will Douglas and Nathan Lawrence of CBRE Group Inc., as well as Jim Bell with Studley Inc. in Houston. Atlassian was represented by Jeff Pace and Jake Ragusa of Jones Lang Lasalle.Energy company shifts HQ to Austin, inks space at Colorado Tower alongside Aussie firm
Related StoriesCREW panel: Everything's coming up roses for Austin real estate
Real estate roundup 3/12/2014