TULSA, Okla., Jan. 19, 2011 /PRNewswire/ -- ONEOK Partners, L.P. (NYSE: OKS) today released a correction to commodity price sensitivities in its 2011 earnings guidance.

The ONEOK Partners news release issued on Jan. 18, 2011, on 2011 earnings guidance, contained an error in the paragraph on commodity price sensitivities in the Natural Gas Gathering and Processing section of the news release. The paragraph should read:

For 2011, the partnership estimates that in its natural gas gathering and processing segment a 1 cent per gallon change in the composite price of NGLs would change annual net margin by approximately $1.2 million. A $1.00 per barrel change in the price of crude oil would change annual net margin by approximately $1.1 million. Also, a 10 cent per million British thermal unit (MMBtu) change in the price of natural gas would change annual net margin by approximately $1.1 million. All of these sensitivities exclude the effects of hedging and assume normal operating conditions.

A copy of the corrected news release is available on the ONEOK and ONEOK Partners websites.

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 42.8 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 website at www.oneokpartners.com.

Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. The forward-looking statements relate to our anticipated financial performance, management's plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. The following discussion is intended to identify important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should," "goal," "forecast," "guidance," "could," "may," "continue," "might," "potential," "scheduled" and other words and terms of similar meaning. 


    Analyst Contact:            Andrew Ziola
                                918-588-7163

    Media Contact:              Megan Washbourne
                                918-588-7572

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SOURCE ONEOK Partners, L.P.