Oneok Partners announced today plans to invest approximately $480 million to $680 million between now and the end of the third quarter 2016 to:
Build a new 80-million cubic feet per day (MMcf/d) natural gas processing facility – the Bear Creek plant – and related infrastructure in northwest Dunn County, North Dakota, which will process natural gas produced from the Bakken Shale in the Williston Basin; and
Construct a new 100-MMcf/d natural gas processing facility – the Bronco plant – and related infrastructure in southern Campbell County, Wyoming, which will process natural gas produced from the NGL-rich Turner, Frontier, Sussex and Niobrara Shale formations in the Powder River Basin.
"In 2014, the partnership has announced $1.5 billion to $1.9 billion in capital-growth projects – a continuation of our $7.5 billion to $8.2 billion capital-growth program planned through 2016," said Terry K. Spencer, president and chief executive officer of ONEOK Partners.
"The Bear Creek
and Bronco plants will increase our natural gas processing capacity
across our operating footprint by 180 MMcf/d and add additional natural
gas and natural gas liquids volumes on our systems. These projects
further demonstrate the value of the partnership's integrated operations
that allows us to better serve area producers."
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