| Exhibit 99.1 |
| |
[ONEOK Partners Logo] | NEWS |
January 15, 2008 | Analyst Contact: Christy Williamson |
| | 918-588-7163 |
| | Media Contact: Tom Droege |
| | 918-588-7561 |
ONEOK Partners Increases Quarterly Distribution
A 28 Percent Increase Since April 2006
TULSA, Okla. - Jan. 15, 2008 - The board of directors of the general partner of
ONEOK Partners, L.P. (NYSE: OKS) today announced that it has increased its quarterly cash
distribution to $1.025 per unit from $1.01 per unit, effective for the fourth quarter 2007,
resulting in an annualized cash distribution of $4.10. The distribution is payable Feb. 14, 2008,
to unitholders of record as of Jan. 31, 2008.
"We have now raised the distribution for eight consecutive quarters, reflecting
consistently strong performance and growth at the partnership," said John W. Gibson,
chairman, president and chief executive officer of ONEOK Partners.
"Our $1.6 billion in internally generated growth projects will continue to provide us
with additional opportunities to grow our distributable cash flow, creating value for our
unitholders," Gibson added.
ONEOK Partners has increased its distribution 28 percent since April 2006.
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ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded limited partnerships, and is a leader in the
gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier
natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with
key market centers. Our general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified
energy company, which owns 45.7 percent of the overall partnership interest. ONEOK is one of the largest natural
gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas
and related services throughout the U.S. For more information, visit the Web sites atwww.oneokpartners.comor
www.oneok.com.
Some of the statements contained and incorporated in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements relate to financial
adjustments in connection with the accelerated share repurchase program and other matters. The Private
Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements in certain
circumstances. OKS-FD
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