ConocoPhillips Permian Movers

ConocoPhillips operates its Permian Basin headquarters at 3300 N A Street, Building 6 — the Concho Center One, Two & Three campus in Midland. The campus was originally Concho Resources' HQ before ConocoPhillips acquired Concho in January 2021. The Midland complex houses more than 700 ConocoPhillips employees with planning capacity for approximately 1,000 employees and contractors post-Concho and post-Shell-Permian additions.

Marathon Oil acquisition — closed November 22, 2024 for $22.5 billion (including $5.4B in assumed net debt) — added Marathon's Eagle Ford, Bakken, and Permian operations to ConocoPhillips. Permian operations continue to be run out of Midland post-merger; Marathon's Houston corporate staff are being integrated into ConocoPhillips Houston, with some technical and operational positions reassigned to Midland.

For movers, ConocoPhillips is bidirectional volume:

Inbound to Midland: Marathon technical and operational staff relocating from Houston, Eagle Ford operating areas (Karnes / La Salle / Dimmit counties), and Bakken (Williston Basin) to Midland for Permian operational roles. New-hire ramp continues for Permian-specific reservoir, geosci, and production engineering roles.

Outbound from Midland: The reported 20–25% global workforce reduction (2,600–3,250 employees and contractors) in 2025 affects all ConocoPhillips operating areas, including Midland. Affected Permian employees relocate to: Houston (corporate HQ), to other Permian operators staying in the basin, to other basins (Eagle Ford or Bakken if still ConocoPhillips, or other operators), or out-of-state.

ConocoPhillips employees in Midland anchor in the same executive-tier neighborhoods as their peers at Diamondback and ExxonMobil-Pioneer: Saddle Club Estates, Heritage Oaks, Polo Park, Grassland Estates.

ConocoPhillips Permian is a mixed-flow lane — inbound and outbound simultaneously, driven by the Marathon integration on one side and the 2025 workforce reduction on the other.

Marathon inbound: Marathon Oil was historically Houston-based with Eagle Ford and Bakken operating areas. Post-merger, some Marathon technical and operational staff are being reassigned to Midland for Permian roles. This is Houston-to-Midland inbound with the typical executive-relo characteristics (corporate-relo coordinator, full-service residential, executive-tier neighborhoods).

ConocoPhillips workforce reduction outbound: The 20-25% global workforce reduction affects Permian as well as other operating areas. Affected Midland employees are relocating in three directions: to Houston (corporate roles), to other Permian operators (intra-Permian moves), or out-of-state to other basins / other operators / industry exits.

Concho heritage continues to matter. Much of the Midland workforce traces back to Concho Resources (acquired January 2021) and the company's prior Permian acquisitions. Employees with longer Concho-era tenure have established residential roots in Midland and are less likely to relocate out of the basin when reorganized; they often transition to another operator and stay.