ONEOK Partners will build its fifth natural gas processing plant in the Williston Basin region of North Dakota, the Tulsa-based infrastructure firm announced Thursday.
ONEOK Partners will invest an additional $500 million for growth projects in North Dakota, Oklahoma and Kansas. The pipeline and processing expansion brings the partnership’s capital investment program up between $4.7 billion and $5.3 billion through 2015.
One of the new projects will be Garden Creek III plant to process up to 100 million cubic feet in daily gas production from the Williston Basin, which includes the Bakken Shale and Three Forks formations. ONEOK Partners also will build a new 95-mile natural gas liquids pipeline from Medford, Okla., to Hutchinson, Kansas, and modify its NGL fractionation infrastructure in Hutchinson.
Thursday, January 17, 2013
ONEOK To Add A Fifth Natural Gas Gathering and Processing Plant -- January 17, 2013
Just the link to Tulsa World News; more later.
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Natural gas is the forgotten by product in the bakken. These plants go for about $300 million a piece, 60-80 jobs that are permanent for the next 80 years or so and pay about 80k a year. It is this job that is forgotten but will be the foundation for stability in western ND. This job is job that brings the family and builds house.
ReplyDeleteYou are so correct; this is all so incredible and so unexpected. I would write more but I am so far behind tonight. Folks (including me) saw the Bakken as an oil field. Everyone missed the "gas" except ONEOK. I could be wrong, but I think MDU even missed this one. MDU missed the oil, and now, it seems, they missed the natural gas. But I'm probably missing something, myself.
DeleteBut I agree with you 100%.