ONEOK's Geographic Diversity Brings Benefits

May 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream company ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) is poised to take advantage of its geographic footprint in the U.S. by having gathering, processing and fractionation assets in the energy hotspots across the country, including the Williston Basin of North Dakota, the Permian Basin and Gulf Coast region of Texas, and the Rocky Mountains region. In the recently passed first quarter of 2022, the company showed increasing year-over-year results in its natural gas liquids (NGLs) and natural gas pipelines segment. ONEOK is capitalizing on its results by constructing both an additional gas processing train in North Dakota and another NGL fractionator in Mont Belvieu, Texas, but may be slowing large growth projects in future years.