Steve Davis Quoted on International Energy Companies Moving to Houston
Houston Business Journal quoted Akin Gump energy partner Steve Davis on international energy companies moving to or expanding in Houston.
According to the article, the energy sector has created a majority of the more than 400,000 new jobs there over the last decade. Davis noted that unlike some companies operating off of 20+-year contracts, many of these international companies use Houston as a hub for training their employees for a few years before returning overseas, which he said he doesn’t view “as a short-term trend.”
Although these foreign companies’ executives may have a shorter stint in the United States than others, Davis believes “these companies will become integral parts of the U.S. economy.”