DUG Mid-Continent Conference Tulsa, Okla. April 23, 2013
Pierce H. Norton II Executive Vice President, Commercial Page 2
What Well Cover Key Points Vision and Strategy A premier energy company Well-positioned assets Connecting prolific supply basins to key markets Track record of disciplined growth Investing in new and existing infrastructure…
Vision & Strategy Page 5
Our Vision A Premier Energy Company Creating exceptional value for customers Rebundling services across the value chain, primarily through vertical integration, to provide customers with premium services at lower costs Applying our…
Our Key Strategies A Premier Energy Company ONEOK Partners Increase distributable cash flow per unit through investments in internal growth projects and acquisitions Natural Gas Distribution Increase operating income through rate…
Well-Positioned Assets Page 8
ONEOK Today A Premier Energy Company Assets that fit and work together Integrated operations Connecting prolific supply basins to key markets Proven ability to grow profitably ONEOK Partners is ONEOKs primary source of growth…
Business Segments Provide Stability and Opportunity ONEOK Partners ONEOKs primary growth vehicle Growth at OKS benefits OKE Generates primarily fee-based earnings Provides non-discretionary services to producers, processors and…
ONEOK Partners Asset Overview Owns and operates assets in midstream natural gas and natural gas liquids businesses Provides non-discretionary services to producers, processors and customers Primarily fee-based earnings Aligned…
Well Positioned in Shale Plays Our Fairway Active in and evaluating numerous shale plays Producer supply commitments are key Exposure to NGL-rich resource development Provides platform for future growth Bakken Shale Williston…
Asset Overview Natural Gas Gathering and Processing Non-discretionary services Williston Basin to producers Gathering, compression, treating and processing Wind River Powder River Natural gas supplies from six basins Diverse…
Asset Overview Natural Gas Pipelines Predominantly fee-based Viking Gas Northern Border Transmission income Pipeline Assumes 89% of transportation Guardian capacity contracted under Pipeline demand-based rates in 2013* 100% of…
Asset Overview Natural Gas Liquids Provides non-discretionary and fee-based services to processors and customers Gathering, fractionation, transportation, marketing and storage Extensive NGL gathering system Connected to…
Natural Gas Gathering and Processing Gathered Volumes 2013 volumes gathered Natural Gas Gathered (BBtu/d) expected to increase 22% 1,370 from 2012 Wells connected 1,171 1,164 1,123 1,067 1,030 1,119 2013: 1,000+ (estimate)…
Natural Gas Gathering and Processing Processed Volumes 2013 processed volumes Natural Gas Processed (BBtu/d) expected to increase 30% 1,125 from 2012 Higher volumes in Williston Basin 866 Stateline I completed 632 September 2012…
Natural Gas Liquids Gathering and Fractionation Volumes 2013 gathering volumes estimated to increase by 14%; fractionation volumes estimated to increase by 8% Bakken NGL Pipeline completed in April 2013 Widespread and prolonged…
OKS Predominantly Fee-Based Earnings Percent of Margin Capital investments provide predominantly fee-based earnings Sources of Margin growth 0.9 B 1.1 B 1.1 B 1.2 B 1.6 B 1.6 B 1.7B Commodity price risk 9% 9% 13% 18% Exists…
Track Record of Disciplined Growth Page 20
Disciplined Growth Continues 9 Billion in Capital Investments Announced approximately 4.7 to 5.3 billion in growth projects in 2011-2015 Adjacent to and within our existing operating footprint including: 2.4 to 2.7 billion related…
Announced Capital Investments 4.7 to 5.3 Billion By Region* By Segment* 0.6 2.6 2.2 1.8 2.8 Williston Basin Natural Gas Gathering and Processing Mid-Continent to Gulf Coast Natural Gas Liquids Cana-Woodford Shale…
Mid-Continent-Gulf Coast-related Project Status 2011-2015 Contracting Contract Major Project Committed Completed Status Type Sterling I expansion Capacity available for 100% Differential November 2011 optimization or fee based…
Cana-Woodford Shale and Granite Wash Natural Gas Liquids Investments 220 million Natural Gas Liquids Expanded partnerships existing Mid- Continent NGL gathering system Connected three new processing plants and expands capacity at…
Cana-Woodford - Canadian Valley Plant Natural Gas Gathering and Processing Investments Canadian Valley Plant 190 million Mississippian 200 MMcf/d natural gas processing Lime facility Expected to be completed in first quarter 2014…
Sterling NGL Pipelines Investments 610 million to 810 million Construct Sterling III pipeline Flexibility to transport NGL purity products and unfractionated NGLs 540-plus-mile, 16-inch diameter 193,000 bpd, expandable to 250,000…
New Fractionators and E/P Splitter Investments at Mont Belvieu 870 million to 1.0 billion MB-2 fractionator 300-390 million Expected to be completed in mid-2013 75,000 bpd capacity 100% of available capacity committed MB-3…
NGL Pipeline Natural Gas Liquids Investments 140 million Hutchinson, Kan., to Medford, Okla. 95-mile NGL pipeline between existing NGL fractionation infrastructure Modifications to existing NGL fractionation infrastructure at…
Mississippian Lime New Play with Great Potential Existing natural gas gathering and processing and NGL assets are well positioned Significant potential Mississippian Lime Eastern section contains higher amount of NGLs Western…
Williston Basin-related Project Status More than 2 Billion between 2011-2015 Contract Major Project Contracting Status Committed Completed Type Garden Creek plant and related Backed by acreage dedications Acreage dedications POP with…
Williston Basin Natural Gas Gathering and Processing Investments Five new plants and related 1.7 billion to 1.9 billion infrastructure Garden Creek 100 MMcf/d Williston Basin Completed December 2011 Bakken Shale Garden Creek II…
Williston Basin Natural Gas Liquids Investments Bakken NGL Pipeline Approx. 700 million to 810 million 550-650 million 600-mile, 12-inch diameter Williston Basin Initial capacity of 60,000 bpd Bakken Shale Completed April 2013…
Future Growth 2 Billion-plus Backlog Lengthy backlog of unannounced growth projects Includes natural gas and NGL-related infrastructure projects, including: Natural gas processing plants NGL fractionation and storage facilities…
Key Investment Considerations A Premier Energy Company Strategic assets connecting prolific supply basins and key markets Non-discretionary services to producers, processors and customers Focused on creating value for both customers…