ONEOK expands credit to continue acquisitions - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

ONEOK expands credit to continue acquisitions

Updated:
OKLAHOMA CITY (AP) _ ONEOK Incorporated wants to be able to continue acquiring assets, so it has raised its credit limit and extended the term from one year to five in a new credit agreement.

The agreement is worth up to one-point-two (b) billion dollars. The deal extends the credit that ONEOK has had for the past six years with a group of 15 banks.

ONEOK is a Tulsa-based natural gas company.

Spokesman Weldon Watson says the company is always looking for new assets to buy. On Thursday, ONEOK said it would buy Northern Plains Natural Gas Company.

Tulsa money manger Jake Dollarhide believes ONEOK's new line of credit shows how the natural gas industry is improving its economic lot.
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.