Profile: OGE Energy Corp (OGE.N)
21 Nov 2017
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 primarily in the south central United States. The Company operates through two 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). The natural gas midstream operations segment represents the Company's investment in Enable Midstream Partners, LP (Enable) through subsidiaries, and ultimately OGE Enogex Holdings LLC (OGE Holdings).
OG&E is an electric utility in Oklahoma and its franchised service territory includes Fort Smith, Arkansas and the surrounding communities. As of December 31, 2016, OG&E furnished retail electric service in 267 communities and their contiguous rural and suburban areas. As of December 31, 2016, the service area covered 30,000 square miles in Oklahoma and western Arkansas, including Oklahoma City, Oklahoma, and Fort Smith, Arkansas.
NATURAL GAS MIDSTREAM OPERATIONS-ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops located natural gas and crude oil infrastructure assets. Enable serves production areas in the United States, including several 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, and transportation and storage. Enable's gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers. Enable's transportation and storage segment provides interstate and intrastate natural gas pipeline transportation and storage services primarily to its producer, power plant, local distribution company (LDC) and industrial end-user customers.
Enable's natural gas gathering and processing assets are primarily located in Oklahoma, Texas, Arkansas and Louisiana and serve natural gas production in the Anadarko, Arkoma and Ark-La-Tex Basins. Enable's crude oil gathering assets are located in North Dakota and serve crude oil production in the Bakken Shale formation of the Williston Basin. Enable's natural gas transportation and storage assets consist primarily of an interstate pipeline system extending from western Oklahoma and the Texas Panhandle to Louisiana, an interstate pipeline system extending from Louisiana to Illinois, an intrastate pipeline system in Oklahoma and an investment in Southeast Supply Header, LLC (SESH), a pipeline extending from Louisiana to Alabama.
Enable owns and operates natural gas and crude oil gathering and natural gas processing assets in five states. Enable's gathering and processing operations consist primarily of natural gas gathering and processing assets serving the Anadarko, Arkoma and Ark-La-Tex Basins and crude oil gathering assets serving the Williston Basin. Enable provides a range of services to the active producers in its operating areas, including gathering, compressing, treating, and processing natural gas, fractionating NGLs, and gathering crude oil and produced water. Enable's gathering assets included more than 12,600 miles of natural gas gathering pipelines, as of December 31, 2016. Enable's natural gas gathering systems consist of networks of pipelines that collect natural gas from points at or near its customers' wells for delivery to plants for processing or pipelines for transportation. Enable's natural gas processing assets included 14 natural gas processing plants with 2,450 million cubic feet per day (MMcf/d) of inlet capacity, as of December 31, 2016.
OGE Energy Corp
321 N Harvey
PO Box 321
OKLAHOMA CITY OK 73101-0321
Company Web Links
- BRIEF-OGE Energy Q3 earnings per share $0.92
- BRIEF-Oge Energy Corp posts quarterly earnings of $0.92 per diluted share
- BRIEF-OGE Energy increases quarterly dividend by 10 percent
- BRIEF-Oge Energy Corp reports Q2 earnings per share $0.52
- BRIEF-OGE Energy qtrly reported earnings of $0.52 per diluted share