{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-005634","form_type":"8-K","ticker":"OKE","cik":"0001039684","company_name":"ONEOK INC /NEW/","filed_at":"2023-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.620993+00:00","generated_at":"2026-06-20T16:50:45.015908+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ONEOK settles Medford insurance claim for $930M; plans new $550M NGL fractionator","bullets":["Total insurance settlement $930M ($100M received); balance due within 45 days.","Proceeds will settle outstanding insurance receivables and result in Q1 2023 gain.","Plans to build MB-6 fractionator in Mont Belvieu (125,000 bpd, ~$550M, 24-month completion).","MB-6 will produce purity ethane instead of E/P mix; aligns with Gulf Coast demand.","Existing Medford pipeline assets and offices to remain; equipment preserved for future use."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-005634","json":"https://secwatch.observer/filing/0001193125-23-005634.json","markdown":"https://secwatch.observer/filing/0001193125-23-005634.md","text":"https://secwatch.observer/filing/0001193125-23-005634.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523005634/0001193125-23-005634-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523005634/d447440d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:50:45.015908+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1f0fcc3c6ffc9b3a0a5a1644859de32b604941e9","claim":"ONEOK INC /NEW/ entered into Sworn Statement in Proof of Loss and Full and Final Settlement, Release, and Indemnity Agreement with Bison Prairie Assurance, L.L.C., certain North American, British, and/or Continental European insurers and reinsurers valued at $930 million (effective 2023-01-09).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523005634/0001193125-23-005634-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Bison Prairie Assurance, L.L.C., certain North American, British, and/or Continental European insurers and reinsurers"},{"label":"Value","value":"$930 million"},{"label":"Effective","value":"2023-01-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}