ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P. (ONEOK Partners), engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company owns a natural gas liquids system, connecting natural gas liquid supply in the Mid-Continent, Permian and Rocky Mountain regions with main market centers. Strategy The company’s strategy is to provide reliable energy and energy-related services in a safe, reliable and environmentally responsible manner to its stakeholders. Segments The company reports operations in various business segments, including Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. Natural Gas Gathering and Processing This segment provides nondiscretionary services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. It provides exploration and production companies with gathering and processing services that allow them to move their raw (unprocessed) natural gas to market. Rocky Mountain Region: The Williston Basin is located in portions of North Dakota and Montana, including the oil-producing, natural gas liquid -rich Bakken Shale and Three Forks Formation, and is ONEOK Partners’ most active region with continued volume growth and additional gathering and processing infrastructure needs. The Powder River Basin is located in Wyoming. This region includes the natural gas liquid -rich Frontier, Turner Sussex and Niobrara Shale where ONEOK Partners’ Sage Creek system provides gathering and processing services to customers in the southeast portion of Wyoming. Mid-Continent Region: ONEOK Partners’ Mid-Continent region is located in Western Oklahoma, which includes the natural gas liquid-rich Cana-Woodford Shale, Stack, South Central Oklahoma Oil Province (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 active drilling in the Cana-Woodford Shale, Woodford Shale, Springer Shale, Stack and SCOOP areas in Oklahoma as well as mature areas with volumetric declines. In the Mid-Continent region, ONEOK Partners has significant natural gas gathering and processing assets in Oklahoma and Kansas. Unconsolidated Affiliates: This segment includes various unconsolidated affiliates, such as 49 percent ownership in Bighorn Gas Gathering, which operates a coal-bed methane gathering system in the Powder River Basin; 37 percent ownership in Fort Union Gas Gathering, which gathers coal-bed methane produced in the Powder River Basin and delivers it to the interstate pipeline system; 35 percent ownership interest in Lost Creek Gathering Company, which gathers natural gas produced from conventional dry natural gas wells in the Wind River Basin of central Wyoming and delivers it to the interstate pipeline system; and 10 percent ownership interest in Venice Energy Services Co., a natural gas processing facility near Venice, Louisiana. Customers: The company’s Natural Gas Gathering and Processing segment provides nondiscretionary services to crude oil and natural gas producers that include the gathering and processing of natural gas produced from crude oil and natural gas wells. ONEOK Partners’ customers include both large integrated and independent exploration and production companies. Natural Gas Liquids This segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids and store natural gas liquid products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region where it provides nondiscretionary services to producers of natural gas liquids 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. It owns or has an ownership interest in Federal Energy Regulatory Commission (FERC) regulated natural gas liquids gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming and Colorado,
oneok inc (OKE:New York)
100 West Fifth Street
Tulsa, OK 74103
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for OKE.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact ONEOK INC, please visit www.oneok.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.