Tulsa Leaders: Merger Of Williams And Energy Transfer Is Bad Dea - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |


Tulsa Leaders: Merger Of Williams And Energy Transfer Is Bad Deal

Posted: Updated:
File photo of downtown Tulsa and the Williams Companies building. File photo of downtown Tulsa and the Williams Companies building.
TULSA, Oklahoma -

City leaders say the merger of Tulsa's Williams Companies and Energy Transfer of Texas is a bad deal.

In documents filed with the government Wednesday, Energy Transfer said it would consolidate corporate offices in Dallas, with staff in Tulsa and Oklahoma City significantly reduced or even eliminated.

3/23/2016: Related Story: Merger Papers Reveal Company Buying Williams Moving HQ To Texas

Williams reaffirmed Wednesday the intention to go ahead with the merger, despite changing economics that some analysts believe could jeopardize the deal.

Tulsa Mayor Dewey Bartlett told 6 In The Morning Thursday the city was blindsided by the filing. He also said he doesn't understand why Williams wants to go through with the deal because of the state of the oil and gas industry.

"This is what stuns me about this whole transaction. Everybody knows this is now a bad deal because of the terrible market conditions that the price of oil and natural gas and all the products are experiencing now. So why would they want to continue to make a bad deal? It boggles the mind. I don't understand it," he said.

Bartlett said while the city can't do anything to stop the merger,  he wants the community to speak out against it.

Tulsa Chamber President Mike Neal said he's obviously not happy with the latest proposal.

"The filing yesterday was obviously extremely disturbing," Neal said. "We've been hearing reports for about three weeks that it was potentially coming. Obviously it would appear to us to be tremendous variance from the original agreement."

Neal said his goal is to fight the proposal.

"We have been and we'll continue to reach out to the leadership of the Williams board, the leadership of ETE to further discuss this initiative and ask them to explain how this makes sense," Neal said.

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.


Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.