Alberta energy companies shift south, though Houston’s oil and gas industry shows signs of slowing
Energy industry analysts say in the last five years, “hundreds” of
companies from western Canada have migrated to Texas, specifically in
the Houston area, as regulatory uncertainty and a sluggish economy
persists in Alberta.
companies from western Canada have migrated to Texas, specifically in
the Houston area, as regulatory uncertainty and a sluggish economy
persists in Alberta.
“A lot of these companies view this as an expansion of their markets,
but also, let’s face it, as a sort of a harbour in the storm,” says Doug
McCullough with the Canada-Texas Chamber of Commerce.
Some believe the trend will continue.