Locator: 49462ONEOK.
Today's RBN Energy blog will soon end up behind a paywall. It will be accessible for a few more days.
RBN Energy is updating the natural gas storage buildout along the Gulf coast.
Here's an excerpt with regard to ONEOK:
Finally (for today, at least), there’s ONEOK, which became a significant player in Gulf Coast gas storage when it acquired EnLink Midstream in January. As we discussed in last year’s Drill Down Report, EnLink owned — and ONEOK now owns — three gas storage facilities in Louisiana (yellow tank icons in Figure 4 below): Napoleonville (7 Bcf), Sorrento (2.5 Bcf) and Jefferson Island (2 Bcf). The company also owns a 0.8-Bcf gas storage facility in North Texas (green tank icon).
Figure 4. ONEOK’s Gulf Coast Gas Storage Assets. Source: RBN
ONEOK continues to develop an $85 million brownfield expansion at Jefferson Island — aka JISH, for Jefferson Island Storage Hub — that EnLink had sanctioned in August 2024. The two new salt caverns, which are expected to be operational in Q1 2028, will increase JISH’s working capacity to about 10 Bcf from the current 2 Bcf. In March, the Louisiana Department of Environmental Quality approved a water quality certificate for the project.
Also, before being acquired by ONEOK, EnLink said in a November 2024 presentation that early engineering studies indicated the potential for a storage expansion of up to 8 Bcf at the Napoleonville site. (ONEOK has not announced an expansion project there — so far, at least.)
In an upcoming blog, we’ll discuss the latest gas-storage-related developments at several other midstreamers with Gulf Coast storage assets or ambitions.
