ONEOK creating new natural gas distribution company ONE Gas

ONEOK creates new natural gas distribution company ONE Gas Oklahoma Natural Gas Kansas Gas Service Texas Gas Service

Natural gas company ONEOK Inc. (NYSE: OKE) said it is separating its natural gas distribution unit into a standalone publicly traded company named ONE Gas.

ONE Gas will serve more than 2 million customers in three states once the transaction is completed in 2014. The new business will consist of Oklahoma Natural Gas Co., Kansas Gas Service and Texas Gas Service, and it will be headquartered in Tulsa, Okla. The company will use the New York Stock Exchange ticker symbol OGS.

When the deal is completed, ONEOK will continue to hold its interests in ONEOK Partners LP (NYSE: OKS), including the sole general partner interest and limited partner interests.

Read more new business news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...