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Thursday, March 12, 2015

Huge NGL Capacity Increase In The Bakken -- ONEOK -- March 12, 2015

Link here; this is from the March, 2015, presentation. Williston Basin slides, #14 - #18.

Reiterates flaring goals in North Dakota:
  • 23% by January 1, 2015
  • 15% by January 1, 2016
  • 10% by October 1, 2020
Still plenty of natural gas to be captured and flared in the Williston Basin
  • currently processing capacity: 600 million cubic feet/day
  • by 3Q16: 980 million cubic feet/day 
  • represents a 63% increase in processing capacity
Update on Bear Creek
  • increase CAPEX from $230 million to $330 million
  • 80 million cf/d
  • on-line: 3Q16
Pipeline to connect Bear Creek to Bakken NGL pipeline
  • increase CAPEX from $35 million to $45 million
  • to be completed by 3Q16
Update on Lonesome Creek
  • increase CAPEX from $550 million to $680 million
  • 200 million cf/d
  • on-line: 4Q15
Bakken NGL Pipeline expansion
  • expanded capacity from  60,000 bpd from 135,000 bpd; completed 9/14
  • will expand again; from 135,000 bpd to 160,000 bod by 2Q16
  • connects third-partts and Sage Creek in Powder river Basin to Bakken NGL Pipeline which connects to the Overland Pass Pipeline Expansion (ONEOK with 50% interest)

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