Gas, New Projects

ONEOK separates its natural gas distribution business & names new president, CEO

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

ONEOK Inc. (NYSE: OKE) has completed its separation of its natural gas distribution business into a stand-alone company called ONE Gas Inc. (NYSE: OGS).

ONE Gas common stock will begin trading under OGS on the NYSE starting Monday, Feb. 3, 2014.

Terry Spencer was also named president and CEO of ONEOK and ONEOK Partners, and is a member on ONEOK’s board of directors.  Spencer joined ONEOK in 2001 and previously served as president of ONEOK and ONEOK Partners.

Spencer’s role comes after former CEO of ONEOK and ONEOK Partners, John Gibson, announced his retirement after more than seven years in the position.

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