ONEOK: Selected Data Points -- January 8, 2015 Presentation

Organization:

• ONEOK --> ONEOK Partners GP, LLC --> ONEOK Partners, LP (Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines)

Natural Gas Gathering and Process: slide 18

• higher volumes in Williston Basin in 2015
• Garden Creek II in service August 2014
• Garden Creek III in service November 2014
• Lonesome Creek 4Q15
• Additional NG compression in service 4Q15

Focus on Williston Basin begins with slide 22

Williston Basin Drilling Economics: slide 23

• 97% of producer economics from crude oil and NGL 
• drilling is economical with crude oil prices (WTI) as low as $45 - $60/bbl
• approximately 11 gallons of NGL/Mcf of natural gas
• approximately 5.5 gallons of NGL/Mcf of natural gas, excluding ethane

Williston Basin reduced flaring and volume backlog -- slide 24

• 22% of NG production flared in October; 26% in November
• NDIC targets: 15% by 1Q16; 5 - 10%  by 4Q20
• current statewide flaring is approx 300 MMcf/d = 6 months drilling inventory

OKS in the Williston Basin: slide 25

• largest indepedent natural gas gatherer and processor in the Williston Basin
• 3+ million net acres; about 60% of total acreage footprint
• processing capacity: 6000 MMcf/d currently; 1,200 MMcf/d by 3Q16
• 3 growth projects
• seven OKS plants
• two Stateline de-ethanizers
• Bakken NGL Pipeline: Statlien south to Fryburg
• Northern Border Pipeline: Canada through Iowa

Williston Basin CAPEX 2015 - 2016: slide 26

• Lonesome Creek plant, $680MM, 4Q15
• Bear Creek plant, related infrastructure, $300MM, 2Q16
• Demicks Lake plant, related infra/str, $600MM, 3Q16
• Demicks Lake additional compression, $100MM, 4Q15
• Stateline de-ethanization facilities, $70MM, 4Q15