Current Report




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 
(Date of report)
October 13, 2009
 
(Date of earliest event reported)
October 8, 2009

ONEOK PARTNERS, L.P.
(Exact name of registrant as specified in its charter)

Delaware
 
1-12202
 
93-1120873
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)

100 West Fifth Street; Tulsa, OK
(Address of principal executive offices)

74103-4298
(Zip code)

(918) 588-7000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

[] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 8.01
 
Other Events
   
 
On October 8, 2009, the board of directors of our general partner, ONEOK Partners GP, L.L.C., announced an increase in our quarterly cash distribution to $1.09 per unit from $1.08 per unit, effective for the third quarter 2009, resulting in an annualized cash distribution of $4.36 per unit.  The third quarter distribution is payable on November 13, 2009, to unitholders of record as of October 30, 2009.  
     
Item 9.01
 
Financial Statements and Exhibits
   
 
Exhibits
   
99.1      News release issued by ONEOK Partners, L.P. dated October 8, 2009.
     
     
2





 

 
 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

     
ONEOK Partners, L.P.
By:  ONEOK Partners GP, L.L.C.,
General Partner
       
Date:
October 13, 2009
By:
/s/ Curtis L. Dinan
     
Executive Vice President -
Chief Financial Officer
and Treasurer
       



3



Exhibit 99.1
 


October 8, 2009
 
Analyst Contact:
Andrew Ziola
     
918-588-7163
   
Media Contact:
Brad Borror
     
918-588-7582
 
ONEOK Partners Increases Quarterly Distribution

TULSA, Okla. – Oct. 8, 2009 – The board of directors of the general partner of ONEOK Partners, L.P. (NYSE: OKS) today announced that it has increased the partnership’s quarterly cash distribution to $1.09 per unit from $1.08 per unit, effective for the third quarter 2009, resulting in an annualized cash distribution of $4.36 per unit. The distribution is payable Nov. 13, 2009, to unitholders of record as of Oct. 30, 2009.

“The distribution increase reflects the benefit of our recently completed growth projects, which have increased our fee-based earnings, as well as an improved capital market environment,” said John W. Gibson, chairman and chief executive officer of the general partner of ONEOK Partners. “As volumes behind these projects continue to ramp up, we anticipate additional opportunities to increase our distributions in the future.”

ONEOK Partners has increased its distribution by more than 36 percent since April 2006, when a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE) became general partner.
 


ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded master 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 NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified energy company, which owns 45.1 percent of the partnership. 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 site at www.oneokpartners.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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