Oneok Inc.
ONEOK Announces Mergers and Internal Reorganization; Announces Executive Retirement
Summary
ONEOK, Inc. completed the mergers with EnLink Midstream and subsequent internal reorganization on January 31, 2025. These mergers involved the assumption of various debt obligations through supplemental indentures and a guarantee agreement under ONEOK's credit agreement. Additionally, Senior Vice President Charles M. Kelley provided notice of his retirement effective March 31, 2025.
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About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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