ONEOK Inc Q1 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Brian Patrick Reynolds - UBS Investment Bank, Research Division - Analyst : Maybe just to start off on operations. I was wondering if you could talk a little bit more about the completion guidance for this year. We saw roughly 90 wells completed, which kind of indicates that roughly 25% of the well completions were done in 1Q per the guide. So typically knowing that most of the well completions were ONEOK back half weighted just due to natural seasonality, I was curious if you could see some upside to that well completion number particularly as producers, specifically the privates took to take advantage of the current pricing and rigs start to materially come back into the basin over the balance of '22?

Question: Brian Patrick Reynolds - UBS Investment Bank, Research Division - Analyst : Fair enough. Maybe to pivot to just future -- the natural gas segment really outperformed this quarter. I was curious if you could just talk about those future recontracting opportunities, specifically around the Permian and around the WesTex system just given Permian nat gas tightness and whether there are opportunities to expand WesTex similar to what we saw one of two in 2018?