----

----

| February 21, 2011 |   | Analyst Contact: | Andrew Ziola |
|-------------------|--------|------------------|--------------|
|              |   |             | 918-588-7163 |
|              |   | Media Contact:   | Brad Borror  |
|              |   |             | 918-588-7582 |

----

----

| ·   | Full-year 2010 operating income of $586.3 million, compared with $546.6 million in 2009; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | Natural gas gathering and processing segment operating income of $153.6 million, compared with $168.4 million in 2009; |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | Natural gas pipelines segment operating income of $163.0 million, compared with $145.3 million in 2009; |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | Natural gas liquids segment operating income of $272.3 million, which included a $16.3 million gain on the sale of a 49-percent interest in Overland Pass Pipeline Company, LLC to Williams Partners L.P., compared with $232.8 million in 2009; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Equity earnings from investments of $101.9 million, compared with $72.7 million in 2009; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | Announcing in 2010 and early 2011 approximately $1.8 billion to $2.1 billion in capital projects in the Bakken Shale, Cana-Woodford Shale and Granite Wash in the natural gas gathering and processing and natural gas liquids segments; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Completing a $1.3 billion public offering in January 2011 consisting of $650 million of five-year senior notes at a coupon of 3.25 percent and $650 million of 30-year senior notes at a coupon of 6.125 percent; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Receiving $423.7 million from Williams Partners L.P. to increase its ownership of Overland Pass Pipeline Company, LLC to 50 percent from 1 percent in September 2010; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Completing a public offering of approximately 5.5 million common units, generating net proceeds of approximately $322.7 million, in February 2010; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Capital expenditures of $352.7 million, compared with $615.7 million in 2009; |
|--------------------|-------------------------------------------------------------------------------|

| ·   | Having $429.9 million of commercial paper outstanding and $570.1 million available under the partnership’s $1.0 billion revolving credit facility as of Dec. 31, 2010; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Increasing the quarterly cash distribution four times, resulting in an annualized distribution rate of $4.56 based on the distribution declared in January 2011. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                     | Three Months Ended |      | Years Ended  |   |
|------------------------------------------------------------------------------------------|--------------------|-----------|--------------|--------|
|                                                                                     | December 31,       |      | December 31, |   |
| Operating Information (a)                                                                | 2010               |      | 2009         |   | 2010 |   | 2009 |   |
| Percent of proceeds                                                                      |               |      |         |   |   |   |   |   |
|    NGL sales (Bbl/d)                                                           |               | 7,133     |         |   | 6,024 |   |   | 6,310 |   |   | 5,472 |   |
|    Residue gas sales (MMBtu/d)                                                 |               | 44,573    |         |   | 41,566 |   |   | 41,813 |   |   | 41,768 |   |
|    Condensate sales (Bbl/d)                                                    |               | 1,652     |         |   | 1,617 |   |   | 1,763 |   |   | 1,735 |   |
|    Percentage of total net margin                                              |               | 54%       |         |   | 53% |   |   | 54% |   |   | 50% |   |
| Fee-based                                                                                |               |      |         |   |   |   |   |   |   |   |   |   |
|    Wellhead volumes (MMBtu/d)                                                  |               | 1,042,159 |         |   | 1,098,656 |   |   | 1,067,090 |   |   | 1,122,861 |   |
|    Average rate ($/MMBtu)                                                      | $                  | 0.33      |         | $      | 0.30 |   | $ | 0.31 |   | $ | 0.30 |   |
|    Percentage of total net margin                                              |               | 34%       |         |   | 33% |   |   | 35% |   |   | 35% |   |
| Keep-whole                                                                               |               |      |         |   |   |   |   |   |   |   |   |   |
|    NGL shrink (MMBtu/d) (b)                                                    |               | 12,778    |         |   | 16,227 |   |   | 13,545 |   |   | 17,400 |   |
|    Plant fuel (MMBtu/d) (b)                                                    |               | 1,676     |         |   | 1,826 |   |   | 1,648 |   |   | 2,031 |   |
|    Condensate shrink (MMBtu/d) (b)                                             |               | 1,096     |         |   | 1,265 |   |   | 1,433 |   |   | 1,727 |   |
|    Condensate sales (Bbl/d)                                                    |               | 222       |         |   | 256 |   |   | 290 |   |   | 349 |   |
|    Percentage of total net margin                                              |               | 12%       |         |   | 14% |   |   | 11% |   |   | 15% |   |
| (a) - Includes volumes for consolidated entities only.                                   |               |      |         |   |   |   |   |   |   |   |
| (b) - Refers to the Btus that are removed from natural gas through processing operation. |               |      |         |   |

----

|                                 | Year Ending December 31, 2011 |   |
|--------------------------------------|-------------------------------|--------|
|                                 | Volumes Hedged                |   | Average Price | Percentage Hedged |
| NGLs (Bbl/d) (a)                     |                          | 5,469  |   | $ | 1.17 | / gallon |   | 67% |   |
| Condensate (Bbl/d) (a)               |                          | 1,713  |   | $ | 2.13 | / gallon |   | 75% |   |
| Total (Bbl/d)                        |                          | 7,182  |   | $ | 1.40 | / gallon |   | 69% |   |
| Natural gas (MMBtu/d)                |                          | 24,596 |   | $ | 5.61 | / MMBtu |   | 74% |   |
| (a) - Hedged with fixed-price swaps. |                          |   |   |   |   |   |   |   |   |
|                                 |                          |   |   |   |   |   |   |   |   |
|                                 |                          |   |   |   |   |   |   |   |   |
|                                 |                          |   |   |   |   |   |   |   |   |
|                                 | Year Ending December 31, 2012 |   |
|                                 | Volumes Hedged                |   | Average Price | Percentage Hedged |
| NGLs (Bbl/d) (a)                     |                          | 513    |   | $ | 2.34 | / gallon |   | 4% |   |
| Condensate (Bbl/d) (a)               |                          | 1,245  |   | $ | 2.34 | / gallon |   | 50% |   |
| Total (Bbl/d)                        |                          | 1,758  |   | $ | 2.34 | / gallon |   | 12% |   |
| (a) - Hedged with fixed-price swaps. |                          |   |   |   |   |   |   |   |   |

----

----

| ·   | Approximately $350 million to $415 million by the end of 2011 to construct the Garden Creek plant, a new 100 million cubic feet per day (MMcf/d) natural gas processing facility in the Bakken Shale in the Williston Basin in North Dakota, which is expected to be in service in the fourth quarter of 2011, and related expansions; and for new well connections, expansions and upgrades to the existing natural gas gathering system infrastructure; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $300 million to $355 million by the end of 2012 to construct the Stateline I plant, a new 100 MMcf/d natural gas processing facility in the Bakken Shale in the Williston Basin in North Dakota, which is expected to be in service in the third quarter of      |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 2012, and related NGL infrastructure;  expansions and upgrades to the existing gathering and compression infrastructure; and new well connections; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $260 million to $305 million by the end of 2014 to construct the Stateline II plant, a new 100 MMcf/d natural gas processing facility in the Bakken Shale in the Williston Basin in North Dakota, which is expected to be in service in the first half of 2013; expansions and upgrades to the existing gathering and compression infrastructure; and new well connections; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $595 million to $730 million of natural gas liquids projects by the first half of 2013 that include the construction of a 525- to 615-mile NGL pipeline to transport unfractionated NGLs produced from the Bakken Shale in the Williston Basin to the Overland Pass Pipeline, a 760-mile NGL pipeline extending from southern Wyoming to Conway, Kan.; related capacity expansions for ONEOK Partners’ 50-percent interest in the Overland Pass Pipeline to transport the additional unfractionated NGL volumes from the new Bakken Pipeline; and expansion of the partnership’s fractionation capacity at Bushton, Kan., by 60,000 bpd to accommodate the additional NGL volumes; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $180 million to $240 million by the first half of 2012 to construct more than 230 miles of 10- and 12-inch diameter NGL pipelines that will expand the partnership's existing Mid-Continent NGL gathering system in the Cana-Woodford and Granite Wash areas, which, when completed, are expected to add approximately 75,000 to 80,000 bpd of raw, unfractionated NGLs to the partnership's existing NGL gathering systems in the Mid-Continent and the Arbuckle Pipeline. These investments include connecting three new third-party natural gas processing facilities with total expected capacity of 510 MMcf/d and to three existing third-party natural gas processing facilities that are being expanded; and installing additional pump stations on the Arbuckle Pipeline to increase its capacity to 240,000 bpd; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $36 million for the installation of seven additional pump stations along the existing Sterling I NGL distribution pipeline, increasing its capacity by 15,000 bpd, which will be supplied by Mid-Continent NGL infrastructure.  Installation will begin later this year and is expected to be completed in the second half of 2011; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Approximately $55 million investment in 2010 and 2011 in the Woodford Shale in Oklahoma, with projects in both the natural gas gathering and processing and the natural gas liquids segments. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| • | the effects of weather and other natural phenomena, including climate change, on our operations, demand for our services and energy prices; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|

| • | competition from other United States and foreign energy suppliers and transporters, as well as alternative forms of energy, including, but not limited to, solar power, wind power, geothermal energy and biofuels such as ethanol and biodiesel; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | risks of marketing, trading and hedging activities, including the risks of changes in energy prices or the financial condition of our counterparties; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the effects of changes in governmental policies and regulatory actions, including changes with respect to income and other taxes, environmental compliance, climate change initiatives and authorized rates of recovery of natural gas and natural gas transportation costs; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the impact on drilling and production by factors beyond our control, including the demand for natural gas and crude oil; producers’ desire and ability to obtain necessary permits; reserve performance; and capacity constraints on the pipelines that transport crude oil, natural gas and NGLs from producing areas and our facilities; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | difficulties or delays experienced by trucks or pipelines in delivering products to or from our terminals or pipelines; |
|---------|-------------------------------------------------------------------------------------------------------------------------|

| • | changes in demand for the use of natural gas because of market conditions caused by concerns about global warming; |
|---------|--------------------------------------------------------------------------------------------------------------------|

| • | conflicts of interest between us, our general partner, ONEOK Partners GP, and related parties of ONEOK Partners GP; |
|---------|---------------------------------------------------------------------------------------------------------------------|

| • | the impact of unforeseen changes in interest rates, equity markets, inflation rates, economic recession and other external factors over which we have no control; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | our indebtedness could make us vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantages compared with our competitors that have less debt or have other adverse consequences; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the results of administrative proceedings and litigation, regulatory actions, rule changes and receipt of expected clearances involving the Oklahoma Corporation Commission (OCC), Kansas Corporation Commission (KCC), Texas regulatory authorities or any other local, state or federal regulatory body, including the Federal Energy Regulatory Commission (FERC), the Pipeline and Hazardous Materials Safety Administration (PHMSA) and the Environmental Protection Agency (EPA); |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | our ability to access capital at competitive rates or on terms acceptable to us; |
|---------|----------------------------------------------------------------------------------|

| • | risks associated with adequate supply to our gathering, processing, fractionation and pipeline facilities, including production declines that outpace new drilling; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the risk that material weaknesses or significant deficiencies in our internal control over financial reporting could emerge or that minor problems could become significant; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| • | the timely receipt of approval by applicable governmental entities for construction and operation of our pipeline and other projects and required regulatory clearances; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | our ability to acquire all necessary permits, consents and other approvals in a timely manner, to promptly obtain all necessary materials and supplies required for construction, and to construct gathering, processing, storage, fractionation and transportation facilities without labor or contractor problems; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | acts of nature, sabotage, terrorism or other similar acts that cause damage to our facilities or our suppliers’ or shippers’ facilities; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the risk of a prolonged slowdown in growth or decline in the U.S. economy or the risk of delay in growth recovery in the U.S. economy, including liquidity risks in U.S. credit markets; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the possibility of future terrorist attacks or the possibility or occurrence of an outbreak of, or changes in, hostilities or changes in the political conditions in the Middle East and elsewhere; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the risk of increased costs for insurance premiums, security or other items as a consequence of terrorist attacks; |
|---------|--------------------------------------------------------------------------------------------------------------------|

| • | risks associated with pending or possible acquisitions and dispositions, including our ability to finance or integrate any such acquisitions and any regulatory delay or conditions imposed by regulatory bodies in connection with any such acquisitions and dispositions; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the ability to recover operating costs and amounts equivalent to income taxes, costs of property, plant and equipment and regulatory assets in our state and FERC-regulated rates; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the composition and quality of the natural gas and NGLs we gather and process in our plants and transport on our pipelines; |
|---------|-----------------------------------------------------------------------------------------------------------------------------|

| • | the risk inherent in the use of information systems in our respective businesses, implementation of new software and hardware, and the impact on the timeliness of information for financial reporting; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the risk factors listed in the reports we have filed and may file with the Securities and Exchange Commission (SEC), which are incorporated by reference. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ONEOK Partners, L.P. and Subsidiaries                     |                                            |      |         |   |      |   |   |      |
|-----------------------------------------------------------|-------------------------------------------------|-----------|--------------|--------|-----------|--------|--------|-----------|
| CONSOLIDATED STATEMENTS OF INCOME                         |                                            |      |         |   |      |   |   |      |
|                                                      | Three Months Ended                              |      | Years Ended  |   |
|                                                      | December 31,                                    |      | December 31, |   |
| (Unaudited)                                               | 2010                                            |      | 2009         |   | 2010      |   | 2009   |      |
|                                                      | (Thousands of dollars, except per unit amounts) |      |
|                                                      |                                            |      |         |   |      |   |   |      |
| Revenues                                                  | $                                               | 2,346,629 |         | $      | 2,266,566 |   | $      | 8,675,900 |   | $ | 6,474,491 |   |
| Cost of sales and fuel                                    |                                            | 2,037,068 |         |   | 1,955,671 |   |   | 7,531,047 |   |   | 5,355,194 |   |
| Net margin                                                |                                            | 309,561   |         |   | 310,895   |   |   | 1,144,853 |   |   | 1,119,297 |   |
| Operating expenses                                        |                                            |      |         |   |      |   |   |      |   |   |   |   |
| Operations and maintenance                                |                                            | 100,270   |         |   | 103,362   |   |   | 363,482   |   |   | 361,608 |   |
| Depreciation and amortization                             |                                            | 42,028    |         |   | 42,386    |   |   | 173,708   |   |   | 164,136 |   |
| General taxes                                             |                                            | 11,143    |         |   | 12,804    |   |   | 39,994    |   |   | 49,619 |   |
| Total operating expenses                                  |                                            | 153,441   |         |   | 158,552   |   |   | 577,184   |   |   | 575,363 |   |
| Gain on sale of assets                                    |                                            | 3,551     |         |   | (92       | )      |   | 18,632    |   |   | 2,668 |   |
| Operating income                                          |                                            | 159,671   |         |   | 152,251   |   |   | 586,301   |   |   | 546,602 |   |
| Equity earnings from investments                          |                                            | 30,698    |         |   | 17,258    |   |   | 101,880   |   |   | 72,722 |   |
| Allowance for equity funds used during construction       |                                            | 270       |         |   | 1,107     |   |   | 1,018     |   |   | 26,868 |   |
| Other income                                              |                                            | 3,727     |         |   | 1,817     |   |   | 6,009     |   |   | 10,658 |   |
| Other expense                                             |                                            | (1,170    | )            |   | (439      | )      |   | (2,511    | ) |   | (3,167 | ) |
| Interest expense                                          |                                            | (47,694   | )            |   | (53,849   | )      |   | (204,307  | ) |   | (206,016 | ) |
| Income before income taxes                                |                                            | 145,502   |         |   | 118,145   |   |   | 488,390   |   |   | 447,667 |   |
| Income taxes                                              |                                            | (3,060    | )            |   | (2,295    | )      |   | (15,082   | ) |   | (12,963 | ) |
| Net income                                                |                                            | 142,442   |         |   | 115,850   |   |   | 473,308   |   |   | 434,704 |   |
| Less: Net income attributable to noncontrolling interests |                                            | 160       |         |   | 116       |   |   | 606       |   |   | 348 |   |
| Net income attributable to ONEOK Partners, L.P.           | $                                               | 142,282   |         | $      | 115,734   |   | $      | 472,702   |   |   | 434,356 |   |
|                                                      |                                            |      |         |   |      |   |   |      |   |   |   |   |
| Limited partners' interest in net income:                 |                                            |      |         |   |      |   |   |      |   |   |   |   |
| Net income attributable to ONEOK Partners, L.P.           | $                                               | 142,282   |         | $      | 115,734   |   | $      | 472,702   |   |   | 434,356 |   |
| General partner's interest in net income                  |                                            | (31,491   | )            |   | (25,712   | )      |   | (118,165  | ) |   | (96,421 | ) |
| Limited partners' interest in net income                  | $                                               | 110,791   |         | $      | 90,022    |   | $      | 354,537   |   |   | 337,935 |   |
|                                                      |                                            |      |         |   |      |   |   |      |   |   |   |   |
| Limited partners' net income per unit, basic and diluted  | $                                               | 1.09      |         | $      | 0.93      |   | $      | 3.50      |   | $ | 3.60 |   |
|                                                      |                                            |      |         |   |      |   |   |      |   |   |   |   |
| Number of units used in computation (thousands)           |                                            | 101,908   |         |   | 96,407    |   |   | 101,369   |   |   | 93,808 |   |
|                                                      |                                            |      |         |   |      |   |   |      |   |   |   |   |

----

| ONEOK Partners, L.P. and Subsidiaries                                                                                        |                   |      |         |   |
|------------------------------------------------------------------------------------------------------------------------------|------------------------|-----------|--------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                                                  |                   |      |         |   |
|                                                                                                                         | December 31,           |      | December 31, |   |
| (Unaudited)                                                                                                                  | 2010                   |      | 2009         |   |
| Assets                                                                                                                       | (Thousands of dollars) |      |
| Current assets                                                                                                               |                   |      |         |   |
| Cash and cash equivalents                                                                                                    | $                      | 898       |         | $      | 3,151 |   |
| Accounts receivable, net                                                                                                     |                   | 815,141   |         |   | 624,635 |   |
| Affiliate receivables                                                                                                        |                   | 5,161     |         |   | 32,397 |   |
| Gas and natural gas liquids in storage                                                                                       |                   | 317,159   |         |   | 217,585 |   |
| Commodity imbalances                                                                                                         |                   | 92,353    |         |   | 188,177 |   |
| Other current assets                                                                                                         |                   | 48,060    |         |   | 36,148 |   |
| Total current assets                                                                                                         |                   | 1,278,772 |         |   | 1,102,093 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Property, plant and equipment                                                                                                |                   |      |         |   |   |   |
| Property, plant and equipment                                                                                                |                   | 5,857,000 |         |   | 6,353,909 |   |
| Accumulated depreciation and amortization                                                                                    |                   | 1,099,548 |         |   | 972,497 |   |
| Net property, plant and equipment                                                                                            |                   | 4,757,452 |         |   | 5,381,412 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Investments and other assets                                                                                                 |                   |      |         |   |   |   |
| Investments in unconsolidated affiliates                                                                                     |                   | 1,188,124 |         |   | 765,163 |   |
| Goodwill and intangible assets                                                                                               |                   | 661,204   |         |   | 668,870 |   |
| Other assets                                                                                                                 |                   | 34,548    |         |   | 35,721 |   |
| Total investments and other assets                                                                                           |                   | 1,883,876 |         |   | 1,469,754 |   |
| Total assets                                                                                                                 | $                      | 7,920,100 |         | $      | 7,953,259 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Liabilities and equity                                                                                                       |                   |      |         |   |   |   |
| Current liabilities                                                                                                          |                   |      |         |   |   |   |
| Current maturities of long-term debt                                                                                         | $                      | 236,931   |         | $      | 261,931 |   |
| Notes payable                                                                                                                |                   | 429,855   |         |   | 523,000 |   |
| Accounts payable                                                                                                             |                   | 852,330   |         |   | 694,290 |   |
| Affiliate payables                                                                                                           |                   | 29,765    |         |   | 21,866 |   |
| Commodity imbalances                                                                                                         |                   | 291,110   |         |   | 392,688 |   |
| Other current liabilities                                                                                                    |                   | 134,151   |         |   | 153,539 |   |
| Total current liabilities                                                                                                    |                   | 1,974,142 |         |   | 2,047,314 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Long-term debt, excluding current maturities                                                                                 |                   | 2,581,572 |         |   | 2,822,086 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Deferred credits and other liabilities                                                                                       |                   | 87,393    |         |   | 73,798 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Commitments and contingencies                                                                                                |                   |      |         |   |   |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Equity                                                                                                                       |                   |      |         |   |   |   |
| ONEOK Partners, L.P. partners’ equity:                                                                                 |                   |      |         |   |   |   |
| General partner                                                                                                              |                   | 94,691    |         |   | 84,434 |   |
| Common units: 65,413,677 and 59,912,777 units issued and outstanding atDecember 31, 2010 and December 31, 2009, respectively |                   | 1,825,521 |         |   | 1,561,762 |   |
| Class B units: 36,494,126 units issued and outstanding at December 31, 2010 and December 31, 2009                       |                   | 1,345,322 |         |   | 1,380,299 |   |
| Accumulated other comprehensive income (loss)                                                                                |                   | 6,283     |         |   | (22,037 | ) |
| Total ONEOK Partners, L.P. partners' equity                                                                                  |                   | 3,271,817 |         |   | 3,004,458 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Noncontrolling interests in consolidated subsidiaries                                                                        |                   | 5,176     |         |   | 5,603 |   |
|                                                                                                                         |                   |      |         |   |   |   |
| Total equity                                                                                                                 |                   | 3,276,993 |         |   | 3,010,061 |   |
| Total liabilities and equity                                                                                                 | $                      | 7,920,100 |         | $      | 7,953,259 |   |
|                                                                                                                         |                   |      |         |   |   |   |

----

| ONEOK Partners, L.P. and Subsidiaries                                           |                     |     |   |   |
|---------------------------------------------------------------------------------|--------------------------|----------|--------|--------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                           |                     |     |   |   |
|                                                                            | Years Ended December 31, |     |
| (Unaudited)                                                                     | 2010                     |     | 2009   |   |
|                                                                            | (Thousands of dollars)   |     |
| Operating Activities                                                            |                     |     |   |   |
| Net income                                                                      | $                        | 473,308  |   | $      | 434,704 |   |
| Depreciation and amortization                                                   |                     | 173,708  |   |   | 164,136 |   |
| Allowance for equity funds used during construction                             |                     | (1,018   | )      |   | (26,868 | ) |
| Gain on sale of assets                                                          |                     | (18,632  | )      |   | (2,668 | ) |
| Deferred income taxes                                                           |                     | 10,824   |   |   | 11,707 |   |
| Equity earnings from investments                                                |                     | (101,880 | )      |   | (72,722 | ) |
| Distributions received from unconsolidated affiliates                           |                     | 96,958   |   |   | 75,377 |   |
| Changes in assets and liabilities:                                              |                     |     |   |   |   |   |
| Accounts receivable                                                             |                     | (196,293 | )      |   | (308,703 | ) |
| Affiliate receivables                                                           |                     | 27,236   |   |   | (6,621 | ) |
| Gas and natural gas liquids in storage                                          |                     | (100,167 | )      |   | (26,969 | ) |
| Accounts payable                                                                |                     | 138,900  |   |   | 233,921 |   |
| Affiliate payables                                                              |                     | 7,899    |   |   | (1,467 | ) |
| Commodity imbalances, net                                                       |                     | (5,754   | )      |   | 68,432 |   |
| Other assets and liabilities                                                    |                     | (9,885   | )      |   | 20,180 |   |
| Cash provided by operating activities                                           |                     | 495,204  |   |   | 562,439 |   |
|                                                                            |                     |     |   |   |   |   |
| Investing Activities                                                            |                     |     |   |   |   |   |
| Contributions to unconsolidated affiliates                                      |                     | (1,331   | )      |   | (46,461 | ) |
| Distributions received from unconsolidated affiliates                           |                     | 17,847   |   |   | 34,430 |   |
| Acquisitions                                                                    |                     | -        |   |   | - |   |
| Capital expenditures (less allowance for equity funds used during construction) |                     | (352,714 | )      |   | (615,691 | ) |
| Proceeds from sale of assets                                                    |                     | 428,485  |   |   | 9,572 |   |
| Cash provided by (used in) investing activities                                 |                     | 92,287   |   |   | (618,150 | ) |
|                                                                            |                     |     |   |   |   |   |
| Financing Activities                                                            |                     |     |   |   |   |   |
| Cash distributions:                                                             |                     |     |   |   |   |   |
| General and limited partners                                                    |                     | (563,184 | )      |   | (500,253 | ) |
| Noncontrolling interests                                                        |                     | (1,005   | )      |   | (686 | ) |
| Borrowing (repayment) of notes payable, net                                     |                     | (93,145  | )      |   | 523,000 |   |
| Borrowing (repayment) of notes payable with maturities over 90 days             |                     | -        |   |   | (870,000 | ) |
| Issuance of long-term debt, net of discounts                                    |                     | -        |   |   | 498,325 |   |
| Long-term debt financing costs                                                  |                     | -        |   |   | (4,000 | ) |
| Repayment of long-term debt                                                     |                     | (261,931 | )      |   | (11,931 | ) |
| Issuance of common units, net of discounts                                      |                     | 322,701  |   |   | 241,642 |   |
| Contribution from general partner                                               |                     | 6,820    |   |   | 5,130 |   |
| Cash used in financing activities                                               |                     | (589,744 | )      |   | (118,773 | ) |
| Change in cash and cash equivalents                                             |                     | (2,253   | )      |   | (174,484 | ) |
| Cash and cash equivalents at beginning of period                                |                     | 3,151    |   |   | 177,635 |   |
| Cash and cash equivalents at end of period                                      | $                        | 898      |   | $      | 3,151 |   |
|                                                                            |                     |     |   |   |   |   |

----

| ONEOK Partners, L.P. and Subsidiaries                                                                                     |                                   |   |         |   |   |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------|----------------------------------------|--------|--------------|--------|--------|--------|--------|--------|
| INFORMATION AT A GLANCE                                                                                                   |                                   |   |         |   |   |   |   |   |
|                                                                                                                      |                                   |   |         |   |   |   |   |   |
|                                                                                                                      | Three Months Ended                     |   | Years Ended  |   |
|                                                                                                                      | December 31,                           |   | December 31, |   |
| (Unaudited)                                                                                                               | 2010                                   |   | 2009         |   | 2010   |   | 2009   |   |
|                                                                                                                      | (Millions of dollars, except as noted) |   |
| Natural Gas Gathering and Processing                                                                                      |                                   |   |         |   |   |   |   |   |
| Net margin                                                                                                                | $                                      | 93.5   |         | $      | 98.3   |   | $      | 351.4  |   | $ | 360.0 |   |
| Operating costs                                                                                                           | $                                      | 38.3   |         | $      | 35.7   |   | $      | 136.8  |   | $ | 135.1 |   |
| Depreciation and amortization                                                                                             | $                                      | 15.8   |         | $      | 15.1   |   | $      | 60.7   |   | $ | 59.3 |   |
| Operating income                                                                                                          | $                                      | 39.5   |         | $      | 47.5   |   | $      | 153.6  |   | $ | 168.4 |   |
| Equity earnings from investments                                                                                          | $                                      | 6.8    |         | $      | 7.8    |   | $      | 27.5   |   | $ | 28.4 |   |
| Natural gas gathered (Bbtu/d) (a)                                                                                         |                                   | 1,042  |         |   | 1,099  |   |   | 1,067  |   |   | 1,123 |   |
| Natural gas processed (Bbtu/d) (a)                                                                                        |                                   | 673    |         |   | 656    |   |   | 674    |   |   | 658 |   |
| NGL sales (MBbl/d) (a)                                                                                                    |                                   | 46     |         |   | 44     |   |   | 44     |   |   | 43 |   |
| Residue gas sales (BBtu/d) (a)                                                                                            |                                   | 285    |         |   | 289    |   |   | 286    |   |   | 291 |   |
| Realized composite NGL net sales price ($/gallon) (b)                                                                     | $                                      | 1.01   |         | $      | 1.01   |   | $      | 0.94   |   | $ | 0.90 |   |
| Realized condensate net sales price ($/Bbl) (b)                                                                           | $                                      | 64.34  |         | $      | 84.28  |   | $      | 63.81  |   | $ | 78.35 |   |
| Realized residue gas net sales price ($/MMBtu) (b)                                                                        | $                                      | 6.01   |         | $      | 4.00   |   | $      | 5.58   |   | $ | 3.55 |   |
| Realized gross processing spread ($/MMBtu) (a)                                                                            | $                                      | 7.71   |         | $      | 7.24   |   | $      | 6.41   |   | $ | 6.63 |   |
| Capital expenditures - growth                                                                                             | $                                      | 93.0   |         | $      | 24.2   |   | $      | 198.4  |   | $ | 85.1 |   |
| Capital expenditures - maintenance                                                                                        | $                                      | 4.7    |         | $      | 5.7    |   | $      | 17.6   |   | $ | 20.4 |   |
| (a) - Includes volumes for consolidated entities only.                                                                    |                                   |   |         |   |   |   |   |   |   |   |
| (b) - Presented net of the impact of hedging activities and includes equity volumes only.                                 |                                   |   |         |
|                                                                                                                      |                                   |   |         |   |   |   |   |   |   |   |   |   |
| Natural Gas Pipelines                                                                                                     |                                   |   |         |   |   |   |   |   |   |   |   |   |
| Net margin                                                                                                                | $                                      | 73.8   |         | $      | 77.4   |   | $      | 300.2  |   | $ | 285.8 |   |
| Operating costs                                                                                                           | $                                      | 25.3   |         | $      | 28.6   |   | $      | 96.5   |   | $ | 96.1 |   |
| Depreciation and amortization                                                                                             | $                                      | 11.0   |         | $      | 9.7    |   | $      | 44.1   |   | $ | 43.7 |   |
| Operating income                                                                                                          | $                                      | 40.9   |         | $      | 39.2   |   | $      | 163.0  |   | $ | 145.3 |   |
| Equity earnings from investments                                                                                          | $                                      | 19.9   |         | $      | 9.1    |   | $      | 68.8   |   | $ | 41.9 |   |
| Natural gas transportation capacity contracted (MDth/d) (a) (b)                                                           |                                   | 5,621  |         |   | 5,786  |   |   | 5,616  |   |   | 5,507 |   |
| Transportation capacity subscribed (a)                                                                                    |                                   | 87%    |         |   | 90%    |   |   | 87%    |   |   | 86% |   |
| Average natural gas price   Mid-Continent region ($/MMBtu) (a)                                             | $                                      | 3.62   |         | $      | 4.18   |   | $      | 4.17   |   | $ | 3.28 |   |
| Capital expenditures - growth                                                                                             | $                                      | 1.4    |         | $      | 6.1    |   | $      | 6.1    |   | $ | 46.9 |   |
| Capital expenditures - maintenance                                                                                        | $                                      | 7.8    |         | $      | 7.8    |   | $      | 21.5   |   | $ | 15.3 |   |
| (a) - Includes volumes for consolidated entities only.                                                                    |                                   |   |         |   |   |   |   |   |   |   |
| (b) - Unit of measure converted from MMcf/d in third quarter 2010. Prior periods have been recast to reflect this change. |                                   |
|                                                                                                                      |                                   |   |         |   |   |   |   |   |   |   |   |   |
| Natural Gas Liquids                                                                                                       |                                   |   |         |   |   |   |   |   |   |   |   |   |
| Net margin                                                                                                                | $                                      | 143.3  |         | $      | 135.0  |   | $      | 499.6  |   | $ | 476.4 |   |
| Operating costs                                                                                                           | $                                      | 47.8   |         | $      | 52.4   |   | $      | 173.9  |   | $ | 182.2 |   |
| Depreciation and amortization                                                                                             | $                                      | 15.2   |         | $      | 17.7   |   | $      | 68.9   |   | $ | 61.2 |   |
| Operating income                                                                                                          | $                                      | 80.4   |         | $      | 64.9   |   | $      | 272.3  |   | $ | 232.8 |   |
| Equity earnings from investments                                                                                          | $                                      | 4.0    |         | $      | 0.4    |   | $      | 5.6    |   | $ | 2.5 |   |
| NGL sales (MBbl/d) (a)                                                                                                    |                                   | 499    |         |   | 467    |   |   | 457    |   |   | 408 |   |
| NGLs fractionated (MBbl/d) (a)                                                                                            |                                   | 530    |         |   | 482    |   |   | 512    |   |   | 481 |   |
| NGLs transported-gathering lines (MBbl/d) (a)                                                                             |                                   | 403    |         |   | 414    |   |   | 440    |   |   | 372 |   |
| NGLs transported-distribution lines (MBbl/d) (a)                                                                          |                                   | 467    |         |   | 483    |   |   | 468    |   |   | 459 |   |
| Conway-to-Mont Belvieu OPIS average price differential                                                                    |                                   |   |         |   |   |   |   |   |   |
|   Ethane ($/gallon)                                                                                             | $                                      | 0.08   |         | $      | 0.09   |   | $      | 0.10   |   | $ | 0.11 |   |
| Capital expenditures - growth                                                                                             | $                                      | 35.1   |         | $      | 70.9   |   | $      | 85.7   |   | $ | 423.3 |   |
| Capital expenditures - maintenance                                                                                        | $                                      | 7.5    |         | $      | 9.4    |   | $      | 22.2   |   | $ | 23.6 |   |
| (a) - Includes volumes for consolidated entities only.                                                                    |                                   |   |         |   |   |   |   |   |   |   |

----

| ONEOK Partners, L.P. and Subsidiaries                              |                                            |    |                |   |    |   |   |     |
|--------------------------------------------------------------------|-------------------------------------------------|---------|---------------------|--------|---------|--------|--------|----------|
| RECONCILIATION OF NON-GAAP FINANCIAL MEASURES                      |                                            |    |                |   |    |   |   |
|                                                               |                                            |    |                |   |    |   |   |     |
|                                                               | Three Months Ended                              |    | Twelve Months Ended |   |
|                                                               | December 31,                                    |    | December 31,        |   |
| (Unaudited)                                                        | 2010                                            |    | 2009                |   | 2010    |   | 2009   |     |
|                                                               | (Thousands of dollars, except per unit amounts) |    |
|                                                               |                                            |    |                |   |    |   |   |     |
| Reconciliation of Net Income to EBITDA and Distributable Cash Flow |                                            |    |                |   |    |   |   |
| Net income                                                         | $                                               | 142,442 |                | $      | 115,850 |   | $      | 473,308  |   | $ | 434,704 |   |
| Interest expense                                                   |                                            | 47,694  |                |   | 53,849  |   |   | 204,307  |   |   | 206,016 |   |
| Depreciation and amortization                                      |                                            | 42,028  |                |   | 42,386  |   |   | 173,708  |   |   | 164,136 |   |
| Income taxes                                                       |                                            | 3,060   |                |   | 2,295   |   |   | 15,082   |   |   | 12,963 |   |
| Allowance for equity funds used during construction                |                                            | (270    | )                   |   | (1,107  | )      |   | (1,018   | ) |   | (26,868 | ) |
| EBITDA                                                             |                                            | 234,954 |                |   | 213,273 |   |   | 865,387  |   |   | 790,951 |   |
| Interest expense                                                   |                                            | (47,694 | )                   |   | (53,849 | )      |   | (204,307 | ) |   | (206,016 | ) |
| Maintenance capital                                                |                                            | (20,369 | )                   |   | (22,821 | )      |   | (62,530  | ) |   | (59,257 | ) |
| Equity earnings from investments                                   |                                            | (30,698 | )                   |   | (17,258 | )      |   | (101,880 | ) |   | (72,722 | ) |
| Distributions received from unconsolidated affiliates              |                                            | 35,574  |                |   | 26,719  |   |   | 114,805  |   |   | 109,807 |   |
| Other                                                              |                                            | (2,001  | )                   |   | 2,505   |   |   | (23,895  | ) |   | (4,610 | ) |
| Distributable cash flow                                            | $                                               | 169,766 |                | $      | 148,569 |   | $      | 587,580  |   | $ | 558,153 |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |
| Distributions to general partner                                   |                                            | (31,601 | )                   |   | (26,038 | )      |   | (120,288 | ) |   | (97,962 | ) |
| Distributable cash flow to limited partners                        | $                                               | 138,165 |                | $      | 122,531 |   | $      | 467,292  |   | $ | 460,191 |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |
| Distributions declared per limited partner unit                    | $                                               | 1.14    |                | $      | 1.10    |   | $      | 4.50     |   | $ | 4.35 |   |
| Coverage ratio                                                     |                                            | 1.19    |                |   | 1.15    |   |   | 1.02     |   |   | 1.13 |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |
| Number of units used in computation (thousands)                    |                                            | 101,908 |                |   | 96,407  |   |   | 101,369  |   |   | 93,808 |   |
|                                                               |                                            |    |                |   |    |   |   |     |   |   |   |   |