News Release
Nov. 05, 1998

DUKE ENERGY BUYS SEVERAL GAS PLANTS AND GATHERING SYSTEMS FROM ONEOK

HOUSTON — Duke Energy Field Services has purchased several non-regulated natural gas gathering systems and processing plants from ONEOK Inc. and plans to build a natural gas processing plant with ONEOK in southern Oklahoma.

Duke Energy has purchased half of ONEOK’s interest in a partnership that owns and operates the Sycamore Gas Gathering system in Carter County, Oklahoma; the Aledo gas treating plant and gathering system in Dewey County, Oklahoma; the Minneola gas gathering system and related facilities in Ford, Meade and Clark counties, Kansas; and about 16 percent interest in the oil and gas reserves, gathering system and processing plant in the Black Lake Unit located in Nachitoches Parish, Louisiana.

Duke Energy and ONEOK Gas Processing L.L.C. also have formed a partnership to build a new natural gas processing plant and gathering system in Carter County, Oklahoma, to process approximately 25 million cubic feet per day of natural gas in an area that includes the Sycamore Field.

"The purchase of these facilities and the construction of the processing plant will further our ability to meet our customers’ needs by increasing capacity in strategic areas and enhancing operating efficiencies through consolidation," said Jim Mogg, president of Duke Energy Field Services.

ONEOK, Inc. (NYSE:OKE) is engaged in natural gas intrastate distribution and transmission, gas processing, gas marketing and oil and gas production. ONEOK has approximately 31.6 million shares of common stock outstanding.

Duke Energy (NYSE:DUK) is a global energy company with more than $24 billion in assets. Duke Energy companies provide electric service to approximately 2 million customers; operate pipelines that deliver 12 percent of the natural gas consumed in the United States; and are leading marketers of electricity, natural gas and natural gas liquids. Globally the companies develop, own and operate energy facilities and provide engineering, management, operating and environmental services. Contact Duke Energy on the World Wide Web at http://www.duke-energy.com

Contact: John P. Barnett
Phone: (713) 627-4072
24 Hour Phone: (704) 382-8333
Email: media-relations@duke-energy.com