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Profile: ONEOK Inc (OKE)

OKE on New York Consolidated

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25 May 2017
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ONEOK, Inc., incorporated on May 16, 1997, is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides midstream services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region.

Natural Gas Gathering and Processing

ONEOK Partners provides exploration and production companies with gathering and processing services that allow them to move their raw (unprocessed) natural gas to market. Raw natural gas is gathered, compressed and transported through pipelines to ONEOK Partners' processing facilities. The Williston Basin, located in portions of North Dakota and Montana, includes the oil-producing Bakken Shale and Three Forks formations, and is a drilling region. The Powder River Basin is primarily located in Wyoming. This region includes the Niobrara Shale and Frontier, Turner and Sussex formations where ONEOK Partners provides gathering and processing services to customers in the southeast portion of Wyoming. ONEOK Partners' Mid-Continent region includes the STACK and SCOOP areas in the Anadarko Basin and the Cana-Woodford Shale, Woodford Shale, Springer Shale, Meramec, Granite Wash and Mississippian Lime formations of Oklahoma and Kansas, and the Hugoton and Central Kansas Uplift Basins of Kansas.

Natural Gas Liquids

The Company's Natural Gas Liquids segment owns and operates natural gas liquids gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming and Colorado, and terminal and storage facilities in Missouri, Nebraska, Iowa and Illinois. The Company also owns and operates facilities that gather, fractionate, treat and distribute NGLs, and store NGL products. ONEOK Partners also owns natural gas liquids distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois and Indiana that connect its Mid-Continent assets with Midwest markets, including Chicago, Illinois. The Company's pipeline-connected natural gas processing plants in Oklahoma, Kansas and the Texas Panhandle, which extract unfractionated NGLs from unprocessed natural gas, are connected to its gathering systems. ONEOK Partners owns and operates truck and rail-loading and unloading facilities that connect with its natural gas liquids fractionation and pipeline assets. ONEOK Partners' customers include petrochemical manufacturers, heating fuel users, ethanol producers, refineries and propane distributors.

Natural Gas Pipelines

The Natural Gas Pipelines segment provides transportation and storage services to end users through ONEOK Partners' assets and its ownership interests. ONEOK Partners' interstate pipelines are located in North Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas and New Mexico. ONEOK Partners' interstate pipeline companies include Midwestern Gas Transmission, Viking Gas Transmission, Guardian Pipeline and OkTex Pipeline. ONEOK Partners' intrastate natural gas pipeline assets in Oklahoma transport natural gas through the state and have access to the major natural gas production areas in the Mid-Continent region, which include the emerging STACK and SCOOP areas in the Anadarko Basin and the Cana-Woodford Shale, Woodford Shale, Springer Shale, Meramec, Granite Wash and Mississippian Lime formations. ONEOK Partners' intrastate natural gas pipeline assets in Oklahoma serve end-use markets, such as local distribution companies and power generation companies. In Texas, ONEOK Partners' intrastate natural gas pipelines are connected to the major natural gas producing formations in the Texas Panhandle, including the Granite Wash formation and Delaware and Cline producing formations in the Permian Basin. The Roadrunner pipeline transports natural gas from the Permian Basin in West Texas to the Mexican border near El Paso, Texas.

Company Address

ONEOK Inc

100 W 5th St
TULSA   OK   74103-4279
P: +1918.5887000
F: +1918.5887273

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