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NEGOTIATIONS ANNOUNCED FOR WESTERN RESOURCES' GAS-ONLY PROPERTIES

 TOPEKA, Kansas, June 22 /PRNewswire/ -- Western Resources, Inc. (NYSE: WR), Southern Union Company (AMEX: SUG) and ONEOK Inc. (NYSE: OKE) announced today that negotiations are taking place toward an agreement involving the sale of Western Resources' gas-only utility properties and operations in Missouri, Oklahoma and eastern Kansas.
 Southern Union Company, headquartered in Austin, Texas, is negotiating to acquire Western Resources' operations in Missouri. There are approximately 460,000 customers in the Missouri Western Resources service territory. Southern Union distributes and sells natural gas through its utility division, Southern Union Gas Company.
 Southern Union Gas Company serves approximately 428,000 customers in Texas and Oklahoma. Southern Union is traded on the American Stock Exchange.
 ONEOK Inc., headquartered in Tulsa, Okla., is negotiating to acquire all Western Resources' operations in Oklahoma and the gas-only utility operations in eastern Kansas. The Bishop Group, LTD, of Overland Park, Kan., is working with ONEOK to assist in the acquisition. ONEOK is a natural gas-based diversified energy company which distributes natural gas in Oklahoma through its Oklahoma Natural Gas Company and ONG Transmission Company divisions.
 ONEOK serves approximately 708,000 customers in Oklahoma. ONEOK is traded on the New York Stock Exchange. There are approximately 190,000 gas customers in the Western Resources Kansas and Oklahoma service territory.
 Western Resources, through its operating companies KPL, KG&E and Gas Service, provides natural gas service to approximately 1,083,000 customers in Kansas, western Missouri and northern Oklahoma, and electric service to approximately 578,000 customers in eastern and central Kansas. Western Resources is headquartered in Topeka, Kan., and traded on the New York Stock Exchange.
 -0- 6/22/93
 /CONTACT: Michel' Quakenbush of Western Resources, Inc., 913-575-1927, or Sarah Russ of Southern Union Gas, 512-404-7540, or Walt Radmilovich of ONEOK, Inc., 918-588-7568/
 (WR SUG OKE)


CO: Western Resources, Inc.; Southern Union Company; ONEOK Inc. ST: Kansas, Oklahoma, Texas IN: OIL SU:

TM -- NY084 -- 4749 06/22/93 17:50 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
Words:324
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