Oklahoma Natural Gas Company
| Company type | Subsidiary |
|---|---|
| Industry | Natural gas distribution |
| Founded | 1906 |
| Headquarters | Oklahoma City , United States |
Area served | Oklahoma |
Number of employees | 1100 |
| Parent | One Gas, Inc. |
Oklahoma Natural Gas stands as the foremost distributor of natural gas within Oklahoma. Established in 1906, it ranks among the state's most longstanding enterprises. Functioning as a regulated utility, it provides services to 871,000 customers and maintains a workforce of 1,100 employees. The company manages an extensive network spanning 19,200 miles of pipelines, service lines, and related natural gas infrastructure. As a subsidiary of One Gas, Inc., it maintains offices throughout Oklahoma, including a central division office located in downtown Oklahoma City.
History
The roots of One Gas extend back to the Oklahoma Natural Gas Company, founded in 1906, which evolved into Oneok, Inc. (NYSE: OKE) by 1980. In 2014, Oneok spun off its natural gas distribution operations to establish One Gas, Inc., a publicly traded entity.
In the aftermath of the 2021 Texas power crisis, Oklahoma Natural Gas faced expenses totaling $1.4 billion due to elevated natural gas prices. To manage this financial burden, the company imposes a securitized charge on customers amounting to up to $7.80 per month over a 25-year period. Moreover, customers who opt to transition to electric heating systems are subject to an exit fee of $687.