Friday, April 23, 2010

Two New Stories Out of the Bakken

Oneok Parners, LP, Tulsa, will invest about $200 million through 2011 on projects to expand gathering and processing in the Bakken. Most of this will go toward the construction of a 100 million cubic feet per day (100-MMcfd) natural gas processing plant in eastern McKenzie County. Can you say "more jobs"?

Questar is considering a tax-free spin-off of its exploration and production (E & P) businesses. One company would focus on oil and gas exploration and production; the other company would be primariliy a pipeline company.  It was not long ago that I added Questar to the sidebar on the right, under investment opportunities.

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