Oklahoma-based ONEOK Partners, L.P. today announced plans to invest between $260 million and $305 million in additional Williston Basin projects by the end of 2014.
The investments include $135 million to $150 million for the construction of a new natural gas processing facility in western Williams County, N.D. The plant, to be called Stateline II, is projected to process 100 million cubic feet per day (MMcf/d) and is expected to be online in the first half of 2013.
ONEOK also plans to invest approximately $80 million to $110 million for expansions and upgrades to its existing gathering and compression infrastructure in the Williston Basin, as well as approximately $45 million for new well connections associated with the Stateline II facility.
The partnership previously announced plans to construct two other new natural gas processing facilities in the region, the Stateline I and Garden Creek plants. When completed, the combined natural gas processing capacity of the three new plants and a fourth already built (Grasslands) will be approximately 400 MMcf/d. This will nearly quadruple the partnership's current processing capacity in the Williston Basin.
Source links...
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=544868&ReleaseType=OKS
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=514288&ReleaseType=ONEOK
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=462148&ReleaseType=OKS
The investments include $135 million to $150 million for the construction of a new natural gas processing facility in western Williams County, N.D. The plant, to be called Stateline II, is projected to process 100 million cubic feet per day (MMcf/d) and is expected to be online in the first half of 2013.
ONEOK also plans to invest approximately $80 million to $110 million for expansions and upgrades to its existing gathering and compression infrastructure in the Williston Basin, as well as approximately $45 million for new well connections associated with the Stateline II facility.
The partnership previously announced plans to construct two other new natural gas processing facilities in the region, the Stateline I and Garden Creek plants. When completed, the combined natural gas processing capacity of the three new plants and a fourth already built (Grasslands) will be approximately 400 MMcf/d. This will nearly quadruple the partnership's current processing capacity in the Williston Basin.
Source links...
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=544868&ReleaseType=OKS
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=514288&ReleaseType=ONEOK
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=462148&ReleaseType=OKS
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