8-KRegulation FDExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Dec 17, 2010)

Filed December 17, 2010For Securities:OKE

Summary

ONEOK Inc. (OKE), through its subsidiary ONEOK Partners, L.P., announced significant capital investment plans for natural gas liquids (NGL) projects. The company intends to invest between $180 million and $240 million from the current date through the first half of 2012. This investment will be directed towards NGL projects located in the strategic Cana-Woodford Shale and Granite Wash plays, which are known for their rich natural gas reserves. This strategic expansion highlights ONEOK's commitment to capitalizing on the growing opportunities within the NGL sector, driven by the increasing production from shale formations. The targeted plays are expected to provide substantial volumes of NGLs, and these investments will enhance the gathering, processing, and transportation infrastructure to support this growth. Investors should view this as a positive signal of the company's forward-looking strategy and its efforts to increase its footprint and revenue streams in a key energy market.

Key Highlights

  • 1ONEOK Partners, L.P. plans to invest $180 million to $240 million in NGL projects.
  • 2Investment timeframe is from December 2010 through the first half of 2012.
  • 3Projects will focus on the Cana-Woodford Shale and Granite Wash plays.
  • 4This investment signals a strategic expansion into key natural gas liquids-rich areas.
  • 5The announcement was made via a news release dated December 15, 2010, attached as an exhibit.
  • 6Information is furnished under Regulation FD and not deemed 'filed' for certain legal purposes.

Frequently Asked Questions

The primary purpose of the announced investment is to expand and enhance natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays, aiming to capitalize on increased NGL production from these regions.

ONEOK Partners, L.P. plans to invest between $180 million and $240 million, with the investment period extending from December 2010 through the first half of 2012.

These plays are significant because they are known for their rich natural gas reserves, which include substantial volumes of natural gas liquids. Investing in these areas allows ONEOK to secure and process these valuable NGLs.

The information disclosed under Item 7.01 is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated into other filings unless specifically referenced. This means it's for informational purposes and doesn't carry the same legal implications as a 'filed' document for all purposes.