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.


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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."