Profile: ONEOK Partners LP (OKS.N)
24 Mar 2017
ONEOK Partners, L.P., incorporated on July 13, 1993, is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company's segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
Natural Gas Gathering and Processing
The Company's Natural Gas Gathering and Processing segment provides nondiscretionary services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Company 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 its processing facilities. In order for the raw natural gas to be accepted by the downstream market, it must have contaminants, such as water, nitrogen and carbon dioxide, removed as well as NGLs separated for further processing. Processed natural gas, usually referred to as residue natural gas, is then recompressed and delivered to natural gas pipelines and end users. The separated NGLs are in a mixed, unfractionated form and are sold and delivered through natural gas liquids pipelines to fractionation facilities for further separation.
The Rocky Mountain region includes Williston Basin, which is located in portions of North Dakota and Montana, including the oil-producing, Bakken Shale and Three Forks Formation, and the Powder River Basin, which is located in Wyoming. This region includes the Frontier, Turner Sussex and Niobrara Shale where its Sage Creek system provides gathering and processing services to customers in the southeast portion of Wyoming. Its Mid-Continent region is located in Western Oklahoma, which includes the Cana-Woodford Shale, Stack, SCOOP, Woodford Shale, Springer Shale and the Mississippian Lime Formation; and Southwest Kansas, which includes the Hugoton Basin, Central Kansas Uplift Basin, and the Mississippian Lime Formation. The Mid-Continent region includes drilling in the Cana-Woodford Shale, Woodford Shale, Springer Shale, Stack and SCOOP areas in Oklahoma, as well as mature areas with volumetric declines.
Natural Gas Liquids
The Company's Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region where the Company provides nondiscretionary services to producers of NGLs and delivers those products to the two primary market centers, one in the Mid-Continent in Conway, Kansas, and the other in the Gulf Coast in Mont Belvieu, Texas. The Company owns or has an ownership interest in 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 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 majority of the 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. The Company owns and operates truck- and rail-loading and -unloading facilities connected to its natural gas liquids fractionation and pipeline assets.
Natural Gas Pipelines
The Company's Natural Gas Pipelines segment provides transportation and storage services to end users through its assets and its ownership in Northern Border Pipeline. The Company's interstate natural gas pipelines are located in North Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas and New Mexico. Its interstate pipeline companies include Midwestern Gas Transmission Company (Midwestern Gas Transmission), Viking Gas Transmission Company (Viking Gas Transmission), Guardian Pipeline, L.L.C. (Guardian Pipeline) and OkTex Pipeline Company, L.L.C. (OkTex Pipeline). Midwestern Gas Transmission is a bi-directional system that interconnects with Tennessee Gas Transmission Company's pipeline near Portland, Tennessee, and with interstate pipelines at the Chicago hub near Joliet, Illinois. Viking Gas Transmission is a bi-directional system that interconnects with a TransCanada pipeline near Emerson, Manitoba, and ANR Pipeline Company near Marshfield, Wisconsin. Guardian Pipeline interconnects with several pipelines at the Chicago hub near Joliet, Illinois, and with local natural gas distribution companies in Wisconsin. OkTex Pipeline has interconnections with several pipelines in Oklahoma, Texas and New Mexico.
The Company's intrastate natural gas pipeline assets in Oklahoma transport natural gas through the state and have access to natural gas producing formulations, including the Cana-Woodford Shale, Woodford Shale, Springer Shale, Granite Wash, Stack, SCOOP and Mississippian Lime. In Texas, its intrastate natural gas pipelines are connected to the natural gas producing formations in the Texas Panhandle, including the Granite Wash formation and Delaware and Cline producing formations in the Permian Basin. It also has access to the natural gas producing formations, including the Mississippian Lime formation in south central Kansas. The Company owns underground natural gas storage facilities in Oklahoma and Texas, which are connected to its intrastate natural gas pipeline assets. It also has underground natural gas storage facilities in Kansas.
ONEOK Partners LP
100 W 5th St
TULSA OK 74103-4279
Company Web Links
- Deals of the day-Mergers and acquisitions
- BRIEF-Oneok says oneok partners must pay termination fee of up to $300 mln
- US STOCKS-Wall St pares gains as energy, utilities drag
- Pipeline company Oneok to buy rest of Oneok Partners for $9.3 billion
- UPDATE 2-Pipeline company Oneok to buy rest of Oneok Partners for $9.3 bln