ONEOK Presents at Barclays -- SeekingAlpha Transcript

Transcript at SeekingAlpha.com.

Highlights as they pertain to the Bakken:

We have more than $6 billion of announced internal growth projects in the Bakken shale, the Midcontinent, and the Gulf Coast 

When we talk about growth at ONEOK Partners, we've got to highlight the crude oil, natural gas and NGL development that's occurring in the prolific Bakken Shale in the Williston Basin.  

When our projects that we've announced in the Bakken are completed, we will have invested in our gathering and processing segment almost $1.5 billion to construct for new natural gas processing plants at a capacity of 100 million cubic feet per day each. They are in North Dakota, the Garden Creek number one and two plants. The Stateline's number one and two plants and we divide county gas gathering system. These projects together will increase our current processing capacity in the Bakken Shale to approximately 500 million cubic feet per day. 

Talking amore about the Bakken Shale, we are making major NGL infrastructure investment in the Bakken as well, and those investments are backed primarily by the NGL production from our existing and new processing plants that I just talked about on the previous slide. 

We have begun construction on a 500-mile Bakken NGL pipeline that's going to be in service during the first half of 2013, which will transport unfractionated or raw NGLs to the Conway and Mont Belvieu market hubs. It will utilize a pipeline. We already own a 50% ownership in, which is our Overland Pass pipeline, and the NGLs will be fractionated at our Williston fractionator, which is also in a process of being expanded. 

One of the key points I would like to make about the Bakken NGL pipeline is that it will for the first time allow processing plant in the Bakken or in the Williston Basin to recover and transport ethane which currently is not possible. 

In the Bakken, and we have to talk about the crude oil, it is a prolific crude oil play with projection expected to increased well over 1 million barrels per day within the next five years, because of that growth crude oil takeaway capacity in general is absolutely required for this area. 

In order to connect this additional supply to the marketplace that's being developed, we've announced plans to build the crude oil pipeline to bring like-suite and when I say suite low to no hydrogen sulfide crude oil from the Bakken Shale to the crude oil hub in Cushing, Oklahoma. The 1,300 mile Bakken crude oil express pipeline will parallel more than 80% of current and planned NGL pipelines and it is expected to be in service by early 2015.

There is so much more. Go to the link for all of it.

I don't know if there's necessarily anything new in the presentation for regular readers of the blog, but for newbies, lots of information; for everyone, it's nice to see it all put in one presentation.

• ONEOK continues to build on its natural gas experience/expertise in the Bakken, announcing another natural gas processing plant within the last few months; and, 
• reiterates what others are saying: the Bakken will be producing 1 million bopd by 2015