Tulsa, Oklahoma-based ONEOK Inc. has announced two executive leadership appointments, effective immediately, according to a Jan. 6 press release. The appointments follow the buy and sell of some assets in late 2024.
ONEOK closed on its acquisition of Medallion Midstream in late October 2024 and on its sale of three natural gas pipelines to DT Midstream for $1.2 billion in late December.
Medallion Midstream Founder and CEO Randy N. Lentz is now taking on the newly created role of executive vice president and COO to oversee all of ONEOK’s asset operations.
RELATED
ONEOK’s Acquisitions Pay Off with Increased Earnings
Sheridan C. Swords, previously ONEOK’s executive vice president of commercial liquids and natural gas gathering and processing, will serve in the newly created position of executive vice president and chief commercial officer.
Swords now oversees the company’s natural gas pipelines segment in addition to his previous responsibilities.
"We are pleased to announce Randy's and Sheridan's new roles," said Pierce H. Norton II, president and CEO of ONEOK. "Their extensive experience in the industry and leadership will be invaluable to our company as we continue our intentional and disciplined approach to building a diversified, fully integrated, energy infrastructure company."
Recommended Reading
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Tethys Oil Suspends Kunooz-1 Well in Oman
2024-12-13 - The decision to suspend its Kunooz-1 exploration well comes after flow testing failed to confirm the presence of commercially-viable hydrocarbons, Tethys said.
Petrobras Awards SLB Another Contract Offshore Brazil
2024-12-12 - Petrobras has awarded JV SLB OneSubsea a contract for raw water injection systems a day after Petrobras selected SLB to handle integrated services at its offshore fields.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Delivering Dividends Through Digital Technology
2024-12-30 - Increasing automation is creating a step change across the oil and gas life cycle.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.