Union Oil of California plans to close one of its two Ventura offices and move at least 50 employees to Bakersfield as part of a wide-ranging reorganization of the company.
After the reorganization, which could be completed as soon as January, the number of local Unocal employees will drop to 80 or 85 from about 135, said company spokesman Art Bentley.
Among the reasons cited for the move is Ventura's high housing costs.
"It was difficult to get people who were willing to move from other parts of the country like Texas and Oklahoma because of the high cost of living in Ventura," Bently said. "Housing costs are appreciably lower in Bakersfield."
Union Oil was founded in Santa Paula nearly 100 years ago by an oil prospector and two partners.
Under a company reorganization announced in May, Bakersfield, where the company had maintained a small office, will replace Pasadena as the company's California headquarters.