OKE
- ONEOK, Inc.
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Overview
Company Summary
ONEOK, Inc. is a publicly traded company that operates in the energy sector. The company primarily focuses on the gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs) in the United States.
ONEOK operates two key business segments: the Natural Gas Liquids segment and the Natural Gas Gathering and Processing segment.
The Natural Gas Liquids segment is responsible for owning and operating facilities that gather, fractionate, and transport NGLs, which include ethane, propane, butane, and natural gasoline. These products are obtained from natural gas processing and are used as feedstocks in petrochemical manufacturing, fuel blending, heating, and other industrial applications. The company's extensive network of pipelines and storage facilities enables them to transport NGLs to markets across the country.
The Natural Gas Gathering and Processing segment involves the collection, processing, and marketing of natural gas. ONEOK owns and operates a vast network of gathering pipelines and processing plants, allowing them to extract natural gas from wells and prepare it for distribution. This segment also involves the marketing and sale of natural gas, often to local distribution companies, industrial users, and power plants.
In addition to their primary operations, ONEOK also engages in various ancillary activities, such as natural gas supply and risk management services, natural gas and NGL marketing, and storage of excess natural gas.
Overall, ONEOK plays a crucial role in the energy supply chain, facilitating the transportation, processing, and distribution of natural gas and NGLs across the United States.