Hunton Andrews Kurth Represents Underwriter in Connection with ONE Gas, Inc.’s Common Stock Offering

Hunton Andrews Kurth LLP represented underwriter, BofA Securities, Inc., in connection with a public offering of 2 million shares of common stock of ONE Gas, Inc. (“ONE Gas”) with a forward component. In connection with the offering, ONE Gas has entered into a forward sale agreement with Bank of America, N.A., as forward purchaser. In connection with the forward sale agreement, the forward purchaser or its affiliate, acting as forward seller, may borrow from third parties and sell such shares of common stock to the underwriter. ONE Gas also has agreed to grant the underwriter an option to purchase up to 300,000 additional shares of ONE Gas common stock.

ONE Gas is a 100 percent regulated natural gas distribution utility, headquartered in Tulsa, Oklahoma. ONE Gas is the largest natural gas distributor in Oklahoma and Kansas and the third largest in Texas, in terms of customers. ONE Gas primarily serves residential, commercial and transportation customers in all three states. ONE Gas’s largest natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas.

The Hunton Andrews Kurth team was led by Pete O’Brien and Jordan Hirsch and included assistance from Joseph Buonanno, Brendan Harney, Casey Shaw, Reuben Pearlman and Kaitlyn Thorson. Robert McNamara and Tim Strother provided tax advice.