Study shows Williams impact on Oklahoma as company seeks aid - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Study shows Williams impact on Oklahoma as company seeks aid

Updated:
(Tulsa-AP) -- A new study shows Tulsa-based Williams contributed roughly $628-million to Oklahoma's economy before a huge asset sell-off and the loss of 1,000 jobs.

The Tulsa Metropolitan Chamber of Commerce plans to use the Oklahoma State University study to press state and local leaders to help the energy giant.

Williams would benefit under legislation proposed by state Representatives Larry Rice and Darrell Gilbert, both Tulsa Democrats.

The measure would provide incentives if Williams shifts 577 jobs from Houston to Tulsa. It also would increase the dollar level at which the Oklahoma Development Finance Authority is allowed to issue bonds, giving Williams and other qualifying companies access to cash at low interest rates.

Williams avoided possible bankruptcy in July by selling off assets and obtaining credit.

It remains $14-billion in debt.
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 - 2017 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.