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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
April 22, 1999
Date of Report (Date of earliest event reported)
ONEOK, Inc.
(Exact name of registrant as specified in its charter)
Oklahoma 1-2572 73-1520922
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 West Fifth Street; Tulsa, OK
(Address of principal executive offices)
74103
(Zip code)
(918) 588-7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Items 1 - 4. Not Applicable.
Item 5. Other Events.
The previously announced strategic alliance between ONEOK, Inc. and
Costilla Energy, Inc., has been terminated after announcement by Costilla that
it had terminated a purchase sale agreement with Pioneer Natural Resources
Company.
On April 20, 1999, the Company issued a press release, a copy of
which is attached hereto as exhibit 99.a and incorporated herein by reference.
Item 6. Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibit
No. Description
99.a Press release issued by ONEOK, Inc. dated April 20, 1999.
Items 8-9. Not Applicable
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized, on this 20th of April, 1999.
ONEOK, Inc.
By: Jim Kneale
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Jim Kneale, Vice President,
Chief Financial Officer, and
Treasurer
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
99.a Press release issued by ONEOK, Inc. dated April 20, 1999.
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EXHIBIT 99.a
ONEOK FINANCIAL NEWS
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ONEOK, INC. CONTACT: WELDON WATSON, 918/588-7158
P. O. BOX 871
TULSA, OK 74102-0871 FOR IMMEDIATE RELEASE APRIL 20, 1999
ONEOK/COSTILLA STRATEGIC ALLIANCE TERMINATES
Tulsa, Oklahoma - The previously announced strategic alliance between
ONEOK, Inc., NYSE:OKE) and Costilla Energy, Inc., (Nasdaq:COSE) has been
terminated after the announcement by Costilla that it had terminated a purchase
sale agreement with Pioneer Natural Resources Company (NYSE:PXD).
The strategic alliance was contingent upon the success of Costilla's
agreement to acquire $335 million in certain oil and gas properties owned by
Pioneer Natural Resources. The ONEOK alliance with Costilla involved a $35
million acquisition of properties and a $65 million equity investment in
Costilla.
ONEOK, Inc., is an integrated natural gas company involved in
production, processing, gathering, storage and transmission. The company is also
the largest natural gas distributor in Kansas and Oklahoma operating as Oklahoma
Natural Gas Company and Kansas Gas Service Company, serving 1.4 million
customers.
# # #
STATEMENTS CONTAINED IN THIS RELEASE THAT INCLUDE COMPANY EXPECTATIONS OR
PREDICTIONS OF THE FUTURE ARE FORWARD-LOOKING STATEMENTS INTENDED TO BE COVERED
BY THE SAFE HARBOR PROVISIONS OF THE SECURITIES ACT OF 1933 AND THE SECURITIES
EXCHANGE ACT OF 1934. IT IS IMPORTANT TO NOTE THAT THE ACTUAL RESULTS OF COMPANY
EARNINGS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN SUCH FORWARD-LOOKING
STATEMENTS. INFORMATION IS AVAILABLE ON THE INTERNET WORLD WIDE WEB AT
http://www.oneok.com.
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