Profile: OGE Energy Corp (OGE.N)
29 Sep 2016
OGE Energy Corp. (OGE Energy), incorporated on August 4, 1995, is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility-based in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area. The natural gas midstream operations segment represents the Company's investment in Enable Midstream Partners, LP (Enable), through its subsidiary OGE Holdings. Enable is engaged in the business of gathering, processing, transporting and storing natural gas. Enable's natural gas gathering and processing assets are located in over four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. Enable also owns an emerging crude oil gathering business in the Bakken shale formation, principally located in the Williston basin. Enable's natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Alabama and from Louisiana to Illinois.
ELECTRIC OPERATIONS - OG&E
The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through OG&E. OG&E furnishes retail electric service in approximately 270 communities and their contiguous rural and suburban areas. The service area covers over 30,000 square miles in Oklahoma and western Arkansas, including Oklahoma City, Oklahoma, and Fort Smith, Arkansas. Of the 270 communities that OG&E serves, over 240 are located in Oklahoma and 25 are in Arkansas.
NATURAL GAS MIDSTREAM OPERATIONS - ENABLE MIDSTREAM PARTNERS
Enable is a limited partnership that owns, operates and develops natural gas and crude oil infrastructure assets. Enable serves current and emerging production areas in the United States, including unconventional shale resource plays, and local and regional end-user markets in the United States. Enable's assets and operations are organized into two segments: Gathering and Processing, which primarily provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers, and Transportation and Storage, which provides interstate and intrastate natural gas pipeline transportation and storage services primarily to natural gas producers, utilities and industrial customers.
Enable's natural gas gathering and processing assets are located in over five states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. Enable also owns a crude oil gathering business in North Dakota's Bakken Shale formation of the Williston Basin. Enable's natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Alabama and from Louisiana to Illinois. Enable's portfolio of energy infrastructure assets included approximately 12,400 miles of gathering pipelines, 10 major processing plants with approximately 2.3 billion cubic feet per day (Bcf/d) of processing capacity, approximately 7,900 miles of interstate pipelines, approximately 2,200 miles of intrastate pipelines and eight natural gas storage facilities providing approximately 85 Bcf of storage capacity.
Enable's processing infrastructure consisted of approximately 10 plants located in the Anadarko, Arkoma and Ark-La-Tex basins. The processing infrastructure assets serving the Anadarko basin consist of nine processing plants, over eight of which are interconnected through its super-header system, and are configured to facilitate the flow of natural gas from western Oklahoma and the Wheeler County area in the Texas Panhandle to the Cox City, Thomas, McClure, Calumet, Clinton, South Canadian and Wheeler processing plants. Enable is also constructing two cryogenic processing facilities to connect to its super-header system in Grady County, Oklahoma. The plant in the Arkoma basin serves the rich gas western portion of the area. The two plants in the Ark-La-Tex basin serve the Haynesville, Cotton Valley and Lower Bossier plays.
OGE Energy Corp
321 N Harvey
PO Box 321
OKLAHOMA CITY OK 73101-0321
Company Web Links
- BRIEF-OGE Energy announces increase in qtrly dividend to $0.3025
- BRIEF-OGE Energy submits proposal to acquire all of CERC's membership interests in Enable GP
- BRIEF-OGE Energy files for potential mixed shelf offering
- BRIEF-OGE Energy Q2 loss per share $0.01
- BRIEF-OGE Energy announces fourth amended and restated agreement of limited partnership of Enable Midstream Partners LP