United States energy company Oneok Inc. has spun off its natural gas distribution business into a new standalone public company known as One Gas Inc. Oneok’s natural gas distribution business was one of the largest in America with an estimated two million customers under brands such as Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. Competitor Atmos Energy, for comparison, has approximately three million.
This separation gave Oneok shareholders a new share in One Gas for every share they held in Oneok, and these new shares will begin trading today under the symbol (NYSE: OGS).
Biggest Threat to Commercial Space
Recently, the video footage of Felix Baumgartner’s world-record 24.2 mile skydive was released. As the spacesuit-clad diver enters the atmosphere, his body enters a violent spin that almost knocks Baumgartner unconscious. At such high speeds, even the slightest miscalculation of body position could send an object into a frenzy. Such is the case with objects that orbit the Earth. They travel at such high speeds that even the tiniest pieces of dirt become lethal projectiles. Find out how this simple fact has invented a new space industry.