Williams revises plan to spin off E&P business

10/31/2011
The board of Williams Cos., Tulsa, has approved a revised plan, driven by weak equity markets, to separate the company's businesses into two stand-alone, publicly traded corporations. The revised plan calls for Williams to fully separate its exploration and production business via a taxfree spinoff to Williams shareholders by yearend. The new independent E&P business will be known as WPX Energy Inc. The previous proposal was to conduct an initial public offering of WPX Energy in 2011 followed by a spinoff of Williams' remaining WPX Energy shares in the first quarter of 2012. Following the spinoff, Williams shareholders will own common stock in Williams, an owner-operator of North Amer...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected