ONEOK INC /NEW/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

On January 9, 2023, ONEOK, Inc. ("ONEOK") entered into a Sworn Statement in
Proof of Loss and Full and Final Settlement, Release, and Indemnity Agreement
(the "Settlement Agreement") with Bison Prairie Assurance, L.L.C. ("Bison"),
certain North American, British, and/or Continental European insurers who are
parties thereto (the "Insurers") and certain North American, British, and/or
Continental European reinsurers who are parties thereto (the "Reinsurers"), to
settle all claims for physical damage and business interruption related to the
Medford incident that occurred in July 2022 (the "Insurance Claim"). Under the
terms of the Settlement Agreement, ONEOK agreed to resolve the Insurance Claim
for total insurance payments of $930 million, including $100 million received to
date. The outstanding settlement payment is required to be paid by the Insurers
and the Reinsurers within 45 days. The Settlement Agreement also contains
customary representations, warranties and agreements by ONEOK and Bison, and the
Insurers and the Reinsurers.

The foregoing description of the Settlement Agreement does not purport to be
complete and is qualified in its entirety by reference to such Settlement
Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated
herein by reference.

Item 7.01 Regulation FD Disclosure.

ONEOK issued a news release on January 9, 2023, attached hereto as Exhibit 99.1,
announcing the Settlement Agreement.

The information disclosed in Items 7.01 and 9.01, including Exhibit 99.1 hereto,
is being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liabilities under that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act except as expressly set forth by specific reference
in such filing.

Item 9.01 Financial Statements and Exhibits.

  (d) Exhibits

Exhibit
Number                                    Description

10.1           Sworn Statement in Proof of Loss and Full and Final Settlement,
             Release, and Indemnity Agreement, dated January 9, 2023, among ONEOK,
             Inc., Bison Prairie Assurance, L.L.C., certain North American,
             British, and/or Continental European insurers who are parties thereto
             and certain North American, British, and/or Continental European
             reinsurers who are parties thereto.

99.1           News release of ONEOK, Inc. dated January 9, 2023.

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document and contained in Exhibit 101).

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