ONEOK Reaps Rewards from Key Acquisitions in 2014, but Slashes 2015 Capex to $1.4 Billion or Less

SUGAR LAND--February 25, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma), a leading diversified energy company, saw record income growth in all business segments when compared with the previous year, due in part to major projects completed in the Williston Basin and Mid-Continent regions, and volumes from the newly acquired West Texas LPG pipeline system. Nonetheless, significantly lower natural gas and natural gas liquids (NGL) prices, especially for ethane and propane, forced the company to slash its outlook for 2015 earnings and capital expenditures. Industrial Info is tracking $1.57 billion in active projects involving ONEOK.

Within this article: Details on ONEOK's quarter and major projects, including the addition of a unit at an NGL fractionator in Texas.