Profile: ONEOK Inc (OKE)
19 Mar 2018
ONEOK, Inc., incorporated on May 16, 1997, is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. The Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions. The Company operates through three business segments. 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 NGLs and store NGL products primarily in the Mid-Continental, Permian Basin and the Rocky Mountain regions. The Natural Gas Pipelines segment provides transportation and storage services to end users.
Natural Gas Gathering and Processing
The Company provides exploration and production 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 its 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 provides gathering and processing services to customers in the southeast portion of Wyoming. Its 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. It 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. It owns and operates truck and rail-loading and unloading facilities that connect with its natural gas liquids fractionation and pipeline assets.
Natural Gas Pipelines
The Natural Gas Pipelines segment provides transportation and storage services to end users. Its interstate 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, Viking Gas Transmission, Guardian Pipeline and OkTex Pipeline. Its 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.
100 W 5th St
TULSA OK 74103-4279
Company Web Links
- BRIEF-ONEOK Total Revenues $3.79 Bln Vs $2.65 Bln Last Year
- BRIEF-ONEOK To Invest $2.3 Bln for Additional NGL And Natural Gas Infrastructure
- BRIEF-Oneok FY 2018 Net Income Expected To Be In Range Of $955 Mln To $1.16 Bln
- BRIEF-Oneok Increases Quarterly Dividend By 3 Pct
- BRIEF-Oneok announces pricing of common stock offering