ONEOK to build plant in North Dakota
BY ROD WALTON World Staff Writer
Friday, January 18, 2013
1/18/13 at 4:58 AM
ONEOK Partners will build its fifth natural gas processing plant in the Williston Basin region of North Dakota, the Tulsa-based infrastructure company announced Thursday.
ONEOK Partners will invest an additional $500 million for growth projects in North Dakota, Oklahoma and Kansas. The pipeline and processing expansions bring the partnership's capital investment program between $4.7 billion and $5.3 billion through 2015.
One of the new projects will be Garden Creek III plant to process up to 100 million cubic feet in daily gas production from the Williston Basin, which includes the Bakken Shale and Three Forks formations. ONEOK Partners also will build a new 95-mile natural gas liquids pipeline from Medford to Hutchinson, Kan., and modify its NGL fractionation infrastructure in Hutchinson.
"The new Garden Creek III plant increases our natural gas processing capacity to meet producers' needs in the Williston Basin, and the expansion of our downstream NGL infrastructure will offer additional fractionation and transportation capacity for NGLs coming from the region," Pierce Norton II, executive vice president for ONEOK Partners' commercial division, said in a statement. "These projects further demonstrate the value of ONEOK Partners' integrated operations and the increased flexibility they give us to better serve Williston Basin producers and downstream customers."
ONEOK Partners recently killed plans to build a Bakken Crude Express crude oil pipeline from the shale play to the Cushing storage hub. The partnership, however, already owns processing assets there including the Stateline and earlier Garden Creek plants.
Also Thursday, the board of directors for ONEOK Partners announced it was increasing the fourth-quarter cash distribution by 2.5 cents to 71 cents per unit. The payout will be made Feb. 14 to unitholders of record on Jan. 31.
Original Print Headline: ONEOK to build plant in N. Dakota
Rod Walton 918-581-8457
rod.walton@tulsaworld.com
