What is the total expected investment for these expansions?

The company expects to invest approximately $130 million in these expansion projects.

When are these expansion projects expected to be completed?

Both projects are anticipated to be completed by the end of 2018.

Why is ONEOK expanding these assets?

While not explicitly stated, the expansion suggests a strategic move to increase capacity and support the growing production and demand for natural gas liquids in the Mid-Continent region, enhancing ONEOK's market position and service offerings.

OKE 8-K: Regulation FD — Jun 20, 2017

Q: What specific projects are being expanded?

ONEOK is expanding its Mid-Continent natural gas liquids gathering system and its existing Sterling III Pipeline.

Summary

ONEOK Inc. (OKE) has announced expansion plans for its Mid-Continent natural gas liquids gathering system and its Sterling III Pipeline. This strategic move involves an approximate investment of $130 million, with both projects anticipated to be completed by the end of 2018. This expansion signals ONEOK's commitment to growing its infrastructure and capacity to meet increasing demand in key regions.

Key Highlights

1ONEOK is investing approximately $130 million in infrastructure expansion.
2The expansion targets the Mid-Continent natural gas liquids gathering system and the Sterling III Pipeline.
3Both expansion projects are expected to be completed by the end of 2018.
4This announcement was made via a news release on June 19, 2017.
5The company is focused on enhancing its gathering and transportation capabilities.
6This investment is likely aimed at supporting increased production and takeaway capacity in the Mid-Continent.

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Jun 20, 2017)

Summary

Key Highlights

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