HEADQUARTERS OPTIONS IN THE WOODLANDS FOR
Presented by
The Woodlands Towers
The Woodlands. A place where people feel connected
to their work, to each other, and to a shared vision of the future. It’s a place where your team can strengthen its existing roots in this community and your company can expand upon its legacy.
It’s a place to reach for the impossible, then achieve it.
Energy of The Woodlands
The Woodlands and its surrounding area are home to over 20,000 employees working at some of the world’s leading energy companies, including Oxy, Exxon, Chevron Phillips, Entergy, Repsol, Western Midstream, Ovintiv, and Arena Energy. This vibrant concentration of industry powerhouses fosters collaboration and innovation within the energy sector.
Professionals living in The Woodlands benefit from short commutes, easy access to George Bush Intercontinental Airport just 20 minutes away, and a community rich with amenities. With a perfect balance of career opportunities and lifestyle offerings—ranging from world-class parks to top-tier schools—The Woodlands is where energy professionals come to thrive, both personally and professionally.
Live in The Woodlands
#1 Best Community to Live in America
The Woodlands offers an exceptional array of living options, including luxury and attainable single-family homes, over 2,500 multi-family residences developed by Howard Hughes, and the highly anticipated The Ritz-Carlton Residences, The Woodlands™ now arising from the shores of Lake Woodlands. With thoughtfully planned neighborhoods and a location
that ensures short, convenient commutes, The Woodlands makes it easy to strike the perfect balance between work and life. It’s a community that meets every aspiration and lifestyle, bringing people back to the office while keeping them close to the comforts of home.
THE RITZ-CARLTON RESIDENCES, THE WOODLANDS
SINGLE FAMILY HOME // THE WOODLANDS
Stay in The Woodlands
Experience exceptional hospitality in the heart of The Woodlands. Whether you’re here for a business meeting or a weekend escape, the community offers a collection of premier accommodations - all set against the serene backdrop of lush greenery and tranquil waterways. Here, every stay becomes an invitation to relax, recharge, and experience the best of The Woodlands.
EAST SHORE // LAKE WOODLANDS
TWO LAKES EDGE // HUGHES LANDING
THE WESTIN // THE WOODLANDS
Experience The Woodlands
Explore a community where extraordinary experiences are part of everyday life. Featuring seven championship golf courses and the Texas North America Ironman to world-class concerts at the Cynthia Woods Mitchell Pavilion, The Woodlands offers endless ways to enjoy the best of outdoor living.
With over220 miles oftrails,10,000 acres of greenspace,and 151 parks,there’s always roomto connect, unwind, and be inspired.
Life in Balance
CYNTHIA WOODS MITCHELL PAVILION // NO. 1 OUTDOOR AMPHITHEATER IN THE WORLD (2023)
The Woodlands is more than a place —
it’s a way of life.
Here, professional ambition and personal fulfillment coexist in harmony, offering a unique blend of vibrant business opportunities and unparalleled quality of life. It’s a community where your team can thrive, finding inspiration in their work and serenity in their surroundings.
Whether nurturing careers, families, or dreams, The Woodlands provides the space and support to
live fully, grow roots, and create lasting legacies.
EXPLORING STRATEGIC OPTIONS FOR
OXY’S CONSOLIDATION
The following section outlines three potential pathways for Oxy to evaluate the consolidation of operations and expansion within The Woodlands.
Each option is accompanied by high-level project economics and a preliminary completion schedule, which will be further refined through collaboration to meet Oxy’s financial and operational objectives.
This includes exploring alternative lease structures, a renewed lease at 1201 Lake Robbins, and new development opportunities. CURRENT
Proposes a renewal at 1201 Lake Robbins, with a phased expansion into 9950 Woodloch Forest to match Oxy’s growth and other lease expirations. This option assumes Oxy’s assistance in discussions with Western Midstream to facilitate their relocation.
Offers a renewal at 1201 Lake Robbins alongside the construction of a new +/- 400,000 SF office building across The Woodlands Waterway, with the potential to connect both properties via a skybridge.
Envisions a custom-built, iconic +/- 1.3M SF tower for Oxy, designed to meet both current and future needs, providing a fully tailored solution for long-term growth.
Live fully, grow roots, and create lasting legacies.
STAY IN 1201 LAKE ROBBINS, EXPAND INTO 9950 WOODLOCH FOREST
Howard Hughes will work with Western Midstream on a relocation prior to their lease expiration to unlock space for growth in adjoining tower.
ECONOMIC STRUCTURE
Competitive Market Rate
Mid-High $40s PSF NNN
Market Tenant Allowance
PROJECT TIMING
12-24 Months
1201 LAKE ROBBINS
WESTERN
WESTERN MIDSTREAM
WESTERN MIDSTREAM
WESTERN MIDSTREAM
WESTERN MIDSTREAM
WESTERN MIDSTREAM
KODIAK GAS
KODIAK GAS
KODIAK GAS
Expansion New Build
1201 LAKE ROBBINS
400,000 SF TROPHY OFFICE
Renew in 1201 Lake Robbins while constructing a new +/- 400,000 SF trophy office building across The Woodlands
Waterway to accommodate growth needs.
ECONOMIC STRUCTURE
New Development Cost Structure
Low-Mid $50s PSF NNN (PV)
Based on Market Development Yield
Market Tenant Allowance
RENEWAL COST BASIS
2
As Escalated on Renewal Date
Market Concessions
PROJECT TIMING
24-36 Months
Program Massing
1201 LAKE ROBBINS (EXISTING OXY SPACE)
2 807,585 SF
+/- 400,000 SF TROPHY OFFICE
BUILDING 22 LEVELS, INCLUDING:
Ground Lobby /Amenity: 40,000 SF
6 Levels ofPodium Parking
Podium: 48,000 SF (over 2 floors)
ConferenceAmenity: 45,000 SF
11 Office Floors: 24,000 SF each
PenthouseAmenity: 13,000 SF
Site Plan
BRIDGE
1201 LAKE ROBBINS
OPTION THREE
Iconic New Tower
+/- 1.3M SF BUILD-TO-SUIT
ACROSS THE WOODLANDS WATERWAY
Relocate entirely from 1201 Lake Robbins to a custom-built, +/- 1.3M SF trophy office building across The Woodlands Waterway, designed to meet long-term expansion needs.
ECONOMIC STRUCTURE
New Development Cost Structure
Low-Mid $50s PSF NNN (PV)
Based on Market Development Yield Market Tenant Allowance
PROJECT TIMING 32-36 months.
Program Massing
1 +/- 1,300,000 SF TROPHY OFFICE TOWER
48 LEVELS, INCLUDING:
Ground Lobby /Amenity: 80,000 SF
9 Levels ofPodium Parking
Podium: 150,000 SF (over 3 floors)
ConferenceAmenity: 60,000 SF
32 Office Floors: 30,000 SF each
PenthouseAmenity: 36,000 SF (over 2 floors)
THE HOWARD HUGHES COMMITMENT
Howard Hughes is dedicated to the lasting prosperity of The Woodlands. We are partners with a deep commitment to the community’s long-term success. We value the opportunity to collaborate with Oxy to achieve outcomes that will benefit the broader community and your organization for generations to come.