Company Overview
About Oneok
ONEOK, Inc. is one of the largest midstream natural gas and liquid hydrocarbons infrastructure companies in the United States, founded in 1906 as Oklahoma Natural Gas Company in Tulsa, Oklahoma, where it remains headquartered and trades on NYSE (OKE). The company generated approximately $23.7 billion in revenues for FY2024 under CEO Pierce Norton, substantially transformed by the landmark September 2023 acquisition of Magellan Midstream Partners for approximately $18.8 billion—the largest U.S. midstream deal in years—which added approximately 9,800 miles of refined products pipelines and 54 petroleum product terminals, converting ONEOK from a primarily natural gas midstream company into a diversified midstream infrastructure operator spanning both natural gas (gathering, processing, transportation, storage) and refined petroleum products (pipelines, terminals, fractionation).
Business Model & Competitive Advantage
ONEOK's natural gas franchise serves the most productive U.S. shale basins: the Williston Basin (Bakken), Rocky Mountain, Mid-Continent, and Gulf Coast regions, with extensive natural gas liquids (NGL) gathering, fractionation, and transportation infrastructure connecting Permian Basin production to Gulf Coast export terminals and Midwest industrial markets. The Magellan acquisition's refined products pipelines—running from Texas refineries through the Midwest to Minnesota—complement ONEOK's NGL infrastructure and provide direct exposure to jet fuel, gasoline, and diesel pipeline transport fees. The combined company owns approximately 40,000 miles of pipelines and serves refineries, chemical plants, utilities, and industrial customers across the continental United States.
Competitive Landscape 2025–2026
In 2025-2026, ONEOK is integrating the Magellan asset base, realizing synergy targets from combined operations, reduced administrative costs, and commercial cross-selling between the NGL and refined products customer bases. The company also acquired Medallion Midstream (Permian Basin gathering) in 2024, expanding its presence in the fastest-growing U.S. oil basin. ONEOK competes with Enterprise Products Partners (EPD), Energy Transfer (ET), Williams Companies (WMB), and Kinder Morgan (KMI) in U.S. midstream infrastructure. Natural gas demand growth driven by LNG export expansions on the Gulf Coast and power generation demand from data center buildouts creates a long-term growth backdrop for ONEOK's pipeline infrastructure that makes it an indirect beneficiary of the AI infrastructure buildout.
Company Timeline
Major milestones in Oneok's journey
Leadership Team
Meet the leaders behind Oneok
Pierce H. Norton II
Pierce H. Norton II has served as President, Chief Executive Officer and Director of ONEOK since 2021, leading the company through a transformative period of strategic acquisitions and growth. An Alabama native, Norton earned a Bachelor of Science degree in mechanical engineering in 1982 from the University of Alabama and is a graduate of Harvard Business School's Advanced Management Program, bringing strong technical and business education to his leadership role. Under Norton's leadership, ONEOK has executed a bold growth strategy, including the landmark $18.8 billion acquisition of Magellan Midstream Partners in 2023 and the $5.9 billion Permian expansion through Medallion and EnLink acquisitions in 2024-2025. Norton serves on the board of directors for the American Petroleum Institute, contributing to industry advocacy and policy development. He was a 2024 tri-chair for the Tulsa Area United Way citywide campaign, demonstrating commitment to community leadership. Since October 15, 2024, Norton has served as Chairman of the Board of EnLink Midstream Manager, LLC and Chairman of the Board of EnLink Midstream, LLC, following ONEOK's acquisition. Norton's strategic vision emphasizes the 'wellhead-to-water' integrated strategy in the Permian Basin, positioning ONEOK to capture value across the midstream value chain from wellhead gathering to Gulf Coast delivery. His leadership style balances aggressive growth through M&A with financial discipline, as evidenced by debt repayment and maintaining investment-grade credit ratings while pursuing major acquisitions.
Walter S. Hulse III
Walter S. Hulse III has served as Chief Financial Officer, Treasurer and Executive Vice President of Investor Relations and Corporate Development since 2022, overseeing all financial operations, capital allocation, investor communications, and strategic transaction evaluation for ONEOK. In his role, Hulse manages financial planning and analysis, accounting, treasury operations, tax strategy, and relationships with the investment community. He plays a central role in ONEOK's strategic planning, evaluating acquisition opportunities, structuring transactions, and ensuring optimal capital allocation to maximize shareholder value. Hulse's tenure as CFO has coincided with ONEOK's most active M&A period, including the Magellan acquisition, Medallion and EnLink transactions, Gulf Coast NGL Pipelines purchase, and the strategic divestiture of interstate pipelines to DT Midstream. His financial leadership balances growth investments with maintaining strong credit metrics and returning capital to shareholders through dividend growth and debt reduction. Hulse regularly represents ONEOK in earnings calls, investor conferences, and meetings with analysts and institutional investors, articulating the company's financial performance, strategic direction, and value proposition.
Randy N. Lentz
Randy N. Lentz was appointed Executive Vice President and Chief Operating Officer of ONEOK in January 2025, bringing extensive midstream operating experience to the role. Prior to joining ONEOK, Lentz served as President and Chief Executive Officer of Medallion Midstream LLC from 2010 to 2024, building Medallion into a leading crude oil gathering and transportation company in the Permian Basin. Lentz's appointment followed ONEOK's October 2024 acquisition of Medallion, reflecting the company's strategy of retaining proven operational leadership from acquired businesses. As COO, Lentz oversees operations across ONEOK's four business segments: natural gas liquids, natural gas gathering and processing, natural gas pipelines, and refined products and crude oil. His deep Permian Basin expertise proves particularly valuable as ONEOK integrates the Medallion and EnLink acquisitions and executes its wellhead-to-water strategy in America's most productive oil and gas basin. Lentz's operational background complements the executive team's financial and strategic capabilities, ensuring effective execution of growth plans.
Sheridan C. Swords
Sheridan C. Swords was appointed Executive Vice President and Chief Commercial Officer in January 2025, responsible for commercial strategy, business development, and customer relationships across ONEOK's business segments. Prior to this appointment, Swords served as Senior Vice President of Natural Gas Liquids and Natural Gas Gathering and Processing from 2022 to 2023, demonstrating deep expertise in ONEOK's core business areas. As Chief Commercial Officer, Swords leads efforts to secure long-term customer contracts, identify growth opportunities, optimize asset utilization, and coordinate commercial activities across ONEOK's integrated midstream platform. His role is particularly critical as ONEOK integrates newly acquired assets from Magellan, Medallion, and EnLink, requiring coordination of commercial strategies and customer relationships across expanded infrastructure networks. Swords' promotion to the executive leadership team reflects his proven track record in driving commercial success and his understanding of ONEOK's strategic priorities.
Kevin Burdick
Kevin Burdick serves as Executive Vice President and Chief Enterprise Services Officer of ONEOK, responsible for cybersecurity, information technology, and enterprise support functions that enable business operations. In an increasingly digital energy infrastructure environment, Burdick's role encompasses critical responsibilities including protecting ONEOK's extensive SCADA and control systems from cyber threats, ensuring IT systems support efficient operations across geographically dispersed assets, and implementing technology solutions that enhance operational excellence. His cybersecurity responsibilities are particularly vital given the critical infrastructure nature of ONEOK's pipeline and processing assets, which require robust protection against evolving cyber threats. Burdick's IT leadership supports data analytics, automation, and digital transformation initiatives that improve operational efficiency and decision-making across the organization.
Mark McKenzie
Mark McKenzie serves as Senior Vice President of Operational Excellence and Technical Services at ONEOK, responsible for driving continuous improvement in operations, maintaining technical standards, and ensuring operational safety and reliability across the company's extensive midstream infrastructure. His role encompasses process optimization, technical training, engineering standards, and implementation of best practices across ONEOK's processing plants, pipelines, and terminal facilities. McKenzie's focus on operational excellence is critical as ONEOK integrates acquired assets from multiple transactions, requiring standardization of operating procedures, integration of technical systems, and achievement of operational synergies. His technical services responsibilities ensure that ONEOK's assets operate safely, reliably, and efficiently while meeting environmental and regulatory requirements.
Brent Strehlow
Brent Strehlow serves as Senior Vice President and Chief Human Resources Officer of ONEOK, responsible for the full life cycle of the employee experience from recruiting to retirement. His role encompasses talent acquisition, compensation and benefits, performance management, leadership development, succession planning, and employee engagement across ONEOK's workforce of approximately 5,177 employees. Strehlow's responsibilities have expanded significantly as ONEOK has grown through major acquisitions, requiring integration of workforces from Magellan, Medallion, and EnLink. His focus on employee experience and organizational culture is critical for retaining key talent, achieving cultural integration, and building an engaged workforce aligned with ONEOK's strategic objectives. Strehlow oversees competitive compensation and benefits programs, including ONEOK's strong 401(k) matching, parental leave, vacation policies, and employee stock purchase plan.
Julie H. Edwards
Julie H. Edwards has served as Chairman of ONEOK's Board of Directors since May 2022, providing independent board leadership and oversight of corporate governance. As Chairman, Edwards leads the board in its oversight responsibilities including strategic direction, executive compensation, risk management, and shareholder interests. Her chairmanship during ONEOK's most active M&A period required board leadership in evaluating and approving transformative transactions including the Magellan, Medallion, and EnLink acquisitions. Edwards' role ensures effective board governance, productive relationships between the board and management, and accountability to shareholders during a period of significant corporate transformation and growth.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Oneok is recognized as a market leader in the Energy & Utilities sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $23700M in revenue, Oneok operates at enterprise scale with proven market validation.
Frequently Asked Questions
Not So Random Others
Nira Energy
Nira Energy is a Denver-based renewable energy software company providing grid capacity mapping and interconnection analysis tools that help solar, battery storage, and data center developers identify
Hermes Robotics
Hermes Robotics is an autonomous mobile robot (AMR) and warehouse automation company developing robots and software for logistics and fulfillment operations in warehouses, distribution centers, and ma
Duckie
Duckie is a San Francisco-based AI customer support platform — backed by Y Combinator (W24) with $500,000 in funding from Y Combinator, Andreessen Horowitz, Greylock, KungHo Fund, Netflix, and 5 addit
Zeffy
Zeffy is a Montreal-based fundraising platform for nonprofit organizations that charges zero platform fees on donations — asking donors to optionally contribute a tip to cover Zeffy's operating costs
Oda Studio
Oda Studio is a United States-based AI-powered interior design platform — backed by Y Combinator (W20) — providing homebuyers, renters, and design enthusiasts with AI tools to discover their personal
Bucket Robotics
Bucket Robotics is an autonomous mobile robot (AMR) company that designs modular, rapidly deployable robots for warehouse automation and industrial material handling. Unlike traditional warehouse auto
Compare Oneok with Competitors
Side-by-side AI visibility scores, platform breakdown, and market position.
Claim This Profile
Are you from Oneok? Claim your profile to see full AI mention excerpts, get weekly visibility change alerts, and optimize how AI systems describe your brand.
Claim Oneok Profile →Track AI Visibility in Real Time
Monitor how ChatGPT, Gemini, Perplexity, and Claude mention Oneok vs competitors. Get alerts when AI recommendations shift.
Start Free Tracking →