Oklahoma business briefs, July 2

Oklahoma business briefs, July 2, 2014
Oklahoman Published: July 2, 2014
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Oklahoma briefs

Williams finishes Access deal

The Williams Cos. Inc. on Tuesday announced it has completed its acquisition of the remaining general partner interest in Oklahoma City-based Access Midstream Partners LP. Williams now owns all of Access Midstream’s general partner and about 50 percent of its limited partner units. “Access Midstream further enhances our presence in attractive growth basins, positions us to take advantage of demand growth and the increase in natural gas supply, and supports our industry-leading dividend growth strategy,” CEO Alan Armstrong said. “In addition to increasing our footprint with excellent fee-based assets, we’re fortunate to welcome the talented employees of Access to the Williams family of companies. The value they bring, especially on the project execution front, is one of the most compelling benefits of this acquisition and the proposed merger.” Williams intends to combine Access Midstream with its own pipeline partnership, Williams Partners LP. The proposed merger must be approved by the boards at both companies.

OnCue opens another CNG station

OnCue Express opened up its newest convenience store this week at NW 63 and Northwest Expressway. It is one of the first stations in the country to have a separate lane under a canopy for vehicles that run on compressed natural gas. “We continually explore new design elements and strive to provide the best services for our customers,” CEO Jim Griffith said. “Customer experience is very important to OnCue as we work to create an environment that is inviting to our customers.” The store will sell CNG for $1.49 a gallon of gas equivalent all this month to mark its opening.

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