Strong Operational Results, Existing Capacity Allow ONEOK to Rein in Future Capital Spending
SUGAR LAND--August 5, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) reported solid second-quarter 2021 results as oil and gas production and gas-to-oil ratios continue to rise in North Dakota's Williston Basin. Throughput of natural gas liquids (NGLs) increased across the company's service territory. As ONEOK completes projects to grow both its gas processing and transmission capacity, the company expects to minimize capital outlays in the near future.
