What are the key assets ONEOK Partners is acquiring?

ONEOK Partners is acquiring natural gas gathering and processing assets, as well as natural gas liquids (NGL) assets.

Where are these assets located and why is that important?

The assets are located in the Powder River Basin, which is described as an NGL-rich region, suggesting significant resource potential and strategic importance for the company's midstream operations.

What is the total financial commitment associated with this announcement?

The total financial commitment is $440 million, comprising $305 million for the acquisition of existing assets and $135 million for subsequent upgrades and infrastructure construction.

How should investors interpret the information provided in this 8-K filing?

Investors should view this as a material disclosure regarding ONEOK Partners' growth strategy and capital deployment. While the information is furnished under Regulation FD, it provides insight into the company's investment in expanding its midstream footprint in a key resource area.

OKE 8-K: Regulation FD — Aug 28, 2013

Summary

ONEOK Inc. (OKE) is reporting significant expansion for its subsidiary, ONEOK Partners, L.P. (ONEOK Partners). The partnership announced plans to acquire natural gas gathering and processing assets, along with natural gas liquids (NGL) assets, located in the Powder River Basin. This strategic acquisition is valued at $305 million, with an additional $135 million earmarked for upgrades and the construction of related infrastructure. This move signals a substantial investment in a resource-rich area and is expected to bolster ONEOK Partners' midstream infrastructure capabilities.

Key Highlights

1ONEOK Partners, L.P. announced a significant acquisition and expansion plan.
2Acquisition targets natural gas gathering, processing, and NGL assets in the Powder River Basin.
3Total investment includes $305 million for asset acquisition and $135 million for infrastructure upgrades and construction.
4The Powder River Basin is identified as an NGL-rich region, indicating strategic resource focus.
5This filing includes a news release dated August 26, 2013, as Exhibit 99.1.
6The information is furnished under Regulation FD and not deemed 'filed' for Section 18 purposes.

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Aug 28, 2013)

Summary

Key Highlights

Frequently Asked Questions