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MI - Oneok net income grows with Williston Basin production - May 2019

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Oneok’s net income improved to $337 million in Q1, an increase of 27% YOY and 15% from 4Q18. The company primarily attributed the results to NGL and gas volume growth in the Williston Basin and NGL volume growth in the STACK and SCOOP areas and Permian Basin. Raw feed NGL throughput on the Bakken NGL pipeline averaged 167,000 bbl/d in Q1 with increasing volumes coming to the pipeline by rail. Gas volumes processed in Oneok’s Rocky Mountain region increased to more......
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