ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded master limited partnerships and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers.
Our general partner, ONEOK Partners GP, L.L.C., is a subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified energy company, which owns 43.4 percent of the partnership. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.
ONEOK Partners operations are conducted through the following three business segments:
- Natural Gas Gathering and Processing
- Natural Gas Pipelines
- Natural Gas Liquids
The partnership was formerly Northern Border Partners, L.P. which was formed in 1993. On May 17, 2006, Northern Border Partners (NYSE: NBP) was renamed ONEOK Partners, L.P. Trading of ONEOK Partners common units on the New York Stock Exchange under the symbol OKS was effective May 22, 2006.
In April 2006, ONEOK completed the largest and perhaps the most significant series of transactions in its century-long history. As a key part of the multifaceted deal, ONEOK sold all of its natural gas gathering and processing; natural gas liquids gathering, fractionation, transportation and storage; and inter- and intra-state natural gas pipelines and storage businesses to ONEOK Partners.
For these assets, ONEOK Partners paid $1.35 billion in cash. It also issued to ONEOK approximately 36.5 million limited partner units, which are traded on the New York Stock Exchange under the symbol OKS. These units, coupled with a related general partner interest contribution, are valued at $1.65 billion.
View ONEOK Partners Fact Sheet.
ONEOK Partners' headquarters are located in:
100 West Fifth Street
Tulsa, OK 74103