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Devon Plans to Build Skyscraper Despite Economy

Oklahoma City, OK – The sluggish economy will not slow Devon Energy's plans to erect its 54-story corporate headquarters in downtown Oklahoma City.

Devon's Chairman and Chief Executive Officer Larry Nichols says work continues on the $750 million project, which would be the tallest building in Oklahoma.

Nichols says the company is working on final plans and getting approval for those now. It intends to start building the tower about a year from now.

Devon employees are now located in five buildings in the city.