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Monday, November 15, 2021

ONEOK To Complete Previously Announced Natural Gas Processing Facilities -- November 15, 2021

Natural gas processing plants in North Dakota are tracked here.

A reader, thank you, alerted me to this ONEOK story. 

The company's press release via Yahoo!Finance:

ONEOK, Inc. today announced plans to complete previously announced natural gas and natural gas liquids (NGL) infrastructure projects, including:

  • Demicks Lake III, a 200 million cubic feet per day (MMcf/d) natural gas processing facility in the Williston Basin.

  • MB-5, a 125,000-barrel per day (bpd) NGL fractionator in Mont Belvieu, Texas.

The Demicks Lake III plant:

  • the 200-MMcf/d Demicks Lake III natural gas processing plant in McKenzie County, North Dakota, is expected to cost approximately $140 million to complete.
  • the facility, which is supported by acreage dedications with primarily fee-based contracts, is expected to be completed in the first quarter of 2023. 
  • the new plant will increase ONEOK's Williston Basin natural gas processing capacity to approximately 1.9 billion cubic feet per day.

"People" keep telling me the end is near for the Bakken, and then we get another one of these stories. 

See also this post, as well as many others if one searches "Demicks Lake."

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