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THE WILLIAMS COMPANIES TO REORGANIZE ITS ENERGY-RELATED BUSINESSES

 TULSA, Okla., March 15 /PRNewswire/ -- The Williams Companies Inc. (NYSE: WMB; PSE) announced today its energy-related businesses are being reorganized to improve performance and make it easier for the public to understand the company.
 "We're taking a business focus that has been producing outstanding results and sharpening it even further," said Joseph H. Williams, chairman and chief executive officer.
 The company will join its two interstate natural gas pipeline systems for reporting purposes, unify its growing natural gas gathering and processing operations and place a variety of commodities trading activities under one company.
 Companies affected by the reorganization are Williams Natural Gas Company, Northwest Pipeline Corporation, Williams Field Services Company, Williams Energy Company and Williams Pipe Line Company (WNG, NWP, WFS, WEC and WPL).
 The company said the following changes are to take effect April 1:
 -- Activities of Williams' interstate natural gas pipeline systems, WNG and NWP, will be grouped together for public reporting purposes. However, each will retain its separate corporate identity.
 -- WFS headquarters will be moved to Tulsa. Currently a part of Williams Western Group headquartered in Salt Lake City, WFS will become a separate operating and reporting unit of The Williams Companies. Overall impact at Salt Lake City is expected to be minimal, although several people probably will relocate to Tulsa, including Lloyd A. Hightower.
 -- Hightower, 58, currently senior vice president and general manager, will serve as president of WFS, one of the nation's largest natural gas gatherers and processors.
 -- The operation of gathering and processing activities currently handled by WNG will be transferred to WFS.
 -- WEC activities outside Louisiana will be reassigned among Williams' other operating companies. Subsequently, Williams Energy will cease operating in its current, stand-alone form. (In February, Williams signed a letter of intent to sell WEC's pipeline and associated assets in Louisiana, with the sale expected to close by the end of this month.)
 Generally, responsibilities and activities associated with direct natural gas sales will be transferred to WFS. Natural gas trading, natural gas liquids sales/trading and other information based services will be handled by WPL.
 WNG President Brian E. O'Neill will be responsible for the energy planning currently assigned to WEC, as well as Williams' joint venture interest in Northern Border Pipeline and the proposed Alaskan Natural Gas Transportation System.
 Changes due at year-end 1993 are associated with Robert W. Keener's announcement at last week's board meeting that he will retire December 31. Keener, who will be 62 in July, is currently president of all Williams Western Group units.
 Upon Keener's retirement, Williams' interstate natural gas pipelines -- WNG, NWP and Kern River -- will be headed by O'Neill, 57.
 "By the end of this year, Bob Keener will have completed a decade with our company," Williams said. "His leadership has produced a series of record results and many of the organizational concepts he introduced are visible in our new organization. Bob will depart knowing he left our company bigger, stronger and more successful than he found it."
 The Williams Companies, listed on the New York and Pacific stock exchanges under the symbol WMB, operates 27,000 miles of pipelines that transport natural gas and petroleum products, major natural gas gathering and processing facilities, and a national telecommunications company that specializes in serving other carriers and businesses. Conference Call: Williams President Keith E. Bailey will conduct a conference call to answer questions about the restructuring on Tuesday, March 16, from 2 p.m. to 3 p.m. CST. To participate, call 800-925-2151 between 1:50 p.m. and 1:55 p.m. CST. Bailey will begin the call promptly at 2 p.m. with a short statement.
 -0- 3/15/93
 /CONTACT: media, Jim Gipson, 918-588-2111; investors, Linda Lawson, 918-588-2087, both of The Williams Companies/
 (WMB)


CO: The Williams Companies Inc. ST: Oklahoma IN: OIL SU: RCN PER

TM -- SF002 -- 5959 03/15/93 10:41 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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