Devon Energy closes doors as Houston watches oil dwindle

​SPRING – Devon Energy will close its office in the north Houston suburb of Spring later this year, the Houston Chronicle reports.

The company said the closure will result in about 60 job losses, while some employees will move to the company’s corporate headquarters in Oklahoma City.

Cuts are expected to be made by the middle of 2016 and come as the company plans to slash 1,000 jobs nationwide.

Devon Energy used the Spring office to operate its Eagle Ford Shale assets. According to the Chronicle, the company acquired the office when it purchased $6 billion of Eagle Ford Shale assets from GeoSouthern Energy Corp in 2013.

The Spring office was launched about a year after the company announced that it would close its downtown offices as part of its Oklahoma City consolidation plan. 

At the time, the company had about 500 employees in Houston at 1200 Smith St. downtown.