OKLAHOMA CITY (AP) — A filing with the U.S. Securities and Exchange Commission says operations in Tulsa and Oklahoma City by pipeline operator Williams Cos. will be “significantly reduced” if a proposed merger between Williams and Energy Transfer Equity is completed.
The Tulsa World (http://bit.ly/1UaMKqh ) reports the filing Wednesday says due to commodity price market conditions, Williams and Energy Transfer Equity are analyzing steps to reduce administrative expenses. The filing says as part of that strategy, ETE has determined it will be necessary to consolidate corporate offices and headquarters of both companies in Dallas.
The newspaper reports Williams employs 1,000 people in Tulsa and a few hundred in Oklahoma City.
Energy Transfer Equity announced in September it was buying Williams for approximately $32.61 billion. Wednesday’s filing came from Energy Transfer Corp., of which Energy Transfer Equity is an affiliate.