ONEOK Inc
Industry: Energy

ONEOK, Inc. is a diversified energy company that manages its business in six segments: Production, Gathering and Processing, Transportation and Storage, Distribution, Marketing and Trading and Other. The Production segment produces natural gas and oil and owns natural gas and oil reserves in Oklahoma and Texas. The Company owns and operates gas processing plants, as well as gathering pipelines in Oklahoma, Kansas and Texas through its Gathering and Processing segment. The Transportation and Storage segment owns and leases natural gas storage facilities and transports gas in Oklahoma, Kansas and Texas. The Distribution segment provides natural gas distribution services in Oklahoma, Kansas and Texas. The Marketing and Trading segment markets natural gas to wholesale and retail customers and markets electricity to wholesale customers. The Other segment operates and leases the Company's headquarters building and parking facility.

Business Summary
ONEOK, Inc. operates as a diversified energy company primarily in the mid-continent areas of the United States. The company operates in five segments: Production, Gathering and Processing, Transportation and Storage, Distribution, and Energy Services. The Production segment produces natural gas and oil in Oklahoma and in Texas. The company owns interest in approximately 885 gas wells and 90 oil wells, as of December 31, 2004. The Gathering and Processing segment gathers, processes, and markets natural gas and fractionates; and stores and markets natural gas liquids (NGL) primarily in Oklahoma, Kansas, and Texas. The Transportation and Storage segment provides natural gas transportation, storage, and nonprocessable gas gathering services. It owns approximately 5,600 miles of intrastate pipeline and 59.6 Billon cubic feet of storage facility. The Distribution segment provides natural gas distribution services to approximately 2 million customers in Kansas, Oklahoma, and Texas, as of December 31, 2004. The Energy Services segment engages in marketing and trading natural gas to both retail and wholesale customers in the United States and Canada. It also owns a 300 megawatt gas-fired merchant power plant, and markets and trades power. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

Financial Summary
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