Oneok Inc - Company Profile
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Business Description
Oneok Inc (Oneok) is a midstream service provider in the US. It operates natural gas liquids (NGL) and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Permian Basin and Rocky Mountain regions.
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Business Segments
- Natural Gas Gathering and Processing
- Natural Gas Liquids
- Natural Gas Pipelines
- Refined Products and Crude
Overview
Offers midstream services to contracted producers in Montana, Wyoming, North Dakota, Kansas and Oklahoma. In FY2023, the segment's capital expenditure for the segment stood at US$448 million, which grew 0.7% YoY.
Performance
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Overview
Gathers, treats, fractionates and transports NGLs and stores, markets and distributes NGL products. Operates facilities in Oklahoma, Kansas, New Mexico, Texas and the Rocky Mountain region. It has interest in Federal Energy Regulatory Commission (FERC) regulated natural gas liquids gathering, distribution pipelines, storage facilities, natural gas liquids distribution and refined petroleum products pipelines. In FY2023, the company’s capital expenditure for this segment stood at US$818 million, which grew 40.8% YoY.
Performance
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Overview
Operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Interstate pipelines are in North Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas and New Mexico and regulated by the FERC. In FY2023, the company’s capital expenditure for this segment stood at US$228 million, which increased 85.4% YoY.
Performance
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Overview
It includes transportation, storage, and distribution of Refined Products and crude oil. In FY2023, the capital expenditure of the segment stood US$52 million.
Performance
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