EPL moves headquarters to Houston, renews lease for New Orleans space
NEW ORLEANS -- Independent E&P company EPL Oil & Gas has announced that it has relocated its corporate headquarters from New Orleans, La., to 919 Milam Street, Suite 1600, in Houston.
With a focus on shallow water Gulf of Mexico shelf E&P, EPL has recently doubled its operations, in part by augmenting its geoscience and engineering teams in Houston, while keeping its accounting and production teams in New Orleans. To support the company's growth, a small number of employees relocated to Houston.
EPL leased 22,694 sq ft of Houston office space on the 16th floor of a 24-story, historic, multi-tenant downtown office tower on Milam Street. Additionally, the New Orleans office space lease for 201 St. Charles Ave. was renewed for 24,633 sq. ft. to support EPL's business operations, the company said.
EPL recently reported revenue for first quarter 2013 of $182.3 million, compared to $98.8 million for the same period a year ago, driven by higher realized oil production from the company's focus on oil-weighted acquisitions and organic exploitation projects.