EGPI Firecreek Inc (EFIR)

[Goosebaum]

Question - How is EFIR tied to OneGas and OneOK?

Is OneOK a holding or parent company for OneGas which in turn operates EFIR? I'm not sure here.

However, if the below statement relates in any way to EFIR's operations, it is proof that we have something brewing in terms of Natural Gas production.


In the 8-k filed in January, OneOk distributed $1.2B for operating expenses.

Item 2.01 Completion of Acquisition or Disposition of Assets
As previously disclosed, in connection with the Separation, on January 8, 2014, the Board of Directors of ONEOK formally approved the distribution (the “Distribution”) of all the shares of common stock of ONE Gas to ONEOK’s shareholders. In connection with the Distribution, on January 27, 2014, ONEOK transferred to ONE Gas all of the assets and liabilities primarily associated with ONEOK’s natural gas distribution business, at which time ONE Gas made a cash payment of approximately $1.13 billion to ONEOK, which represents the cash received by ONE Gas from the issuance the Notes less the cash retained by ONE Gas in order to maintain sufficient financial flexibility and to support its working capital requirements and capital expenditures.