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ONEOK's CEO Presents At The Barclays CEO Energy/Power Conference (Transcript)

Stocks in this article: OKE


Barclays CEO Energy/Power Conference

September 05, 2012 08:25 am ET


John Gibson - Chairman and Chief Executive Officer


Rick Gross - Barclays


Rick Gross - Barclays

Next up is ONEOK. I know it's early in the morning, but I am going to need a little problem solving some math, and so I was hoping the audience would help me out.

Last year these guys were here, and they indicated that they had announced capital projects totaling $3.4 billion to $4.4 billion. So far this year, they have added $2.9 billion to $3.2 billion to that total. They started with an unannounced backlog of $2 billion, and they continue to have an unannounced backlog of $2 billion, so I was really happy that Terry Spencer, President of ONEOK is here to kind of help me out with that, and I am also glad that he brought an awful lot of people, because I know it's a hard problem, where he brought Robert Martinovich to help him with the CFO questions and Dan Harrison to help him with administration and help you folks with some of the IR things, and we appreciate these guys being here to solve the problem.

John Gibson

Thanks, Rick. It's pleasure to be here today. Thanks for your interest in ONEOK and ONEOK Partners.

Before we get started today, I want to introduce few folks here to my right. Robert Martinovich, our Chief Financial Officer. I can't miss him, and Dan Harrison, our Senior Vice President of Communications and Investor Affairs and Human Resources, now. Then Andrew Ziola, our Director of Investor Affairs and Communications is back here somewhere with us, so. Thanks to appreciate having them along.

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