ONEOK, pronounced as 'one oak,' is one of the USAs largest natural gas distributors with over two million customers. This Fortune 200 corporation is also ranked among the Fortune Most Admired Companies in America and listed as the industry leader in the natural gas industry. Based in Tulsa, Oklahoma, ONEOK distributes natural gas through companies such as Oklahoma Natural Gas, the Kansas Gas Service and the Texas Gas Service. In addition, ONEOK owns 45.7 percent of ONEOK Partners, LP, one of the largest publicly traded limited partnerships in the natural gas industry. Through its purchase of Koch Industries in 2005, ONEOK owns major natural gas liquids businesses. ONEOK also operates Energy Services, a firm that markets natural gas all over the USA, with 84% of its income comes from the physical marketing business. ONEOK also has a retail customer gas business in Nebraska and Wyoming.
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ONEOK, Inc. (pronounced like 'one oak') (NYSE: OKE) is a diversified Fortune 200 corporation based in Tulsa, Oklahoma. Founded in 1906 as Oklahoma Natural Gas Company, it is one of the largest natural gas distributors in the United States. It serves approximately 2 million customers through its natural gas distribution companies Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. ONEOK is also a general partner and owns 45.7 percent of ONEOK Partners, LP which is one of the largest publicly traded limited partnerships in the gathering, processing, storage and transportation of natural gas. It also owns major natural gas liquids (NGL) systems due to the 2005 acquisition of Koch Industries' natural gas businesses.
ONEOK's Energy Services operation focuses primarily on marketing natural gas and related services throughout the U.S. Energy Services, which derives more than 84 percent of its earnings from the physical marketing business, showed an operating income increase of $26.5 million. Energy Services’ retail business participates in customer gas choice program in Nebraska and Wyoming.
In 2007 Fortune magazine named ONEOK the most admired company in the Energy industry.
REF: Wikipedia
