Meanwhile, a new oil and gas company, based in Houston, was minted today. Shell Midstream Partners is not really a new company, having been created from assets of Royal Dutch Shell on the US Gulf Coast. Probably they will continue to lease real estate that their parent company already leases in Houston.
And BP will be joining them shortly.
UPDATE 1-Shell Midstream Partners expects IPO to be priced at $19-$21/unit
Houston might be diversifying, according to leasing trends:
Corporate relocation activity shows slight diversification from energy