Summary
ONEOK Inc. (OKE) announced on February 21, 2018, significant capital investment plans totaling approximately $2.3 billion through 2020. This strategic expansion focuses on enhancing its natural gas liquids (NGL) infrastructure and natural gas processing capabilities. The investments are directed towards constructing a new Mid-Continent to Gulf Coast NGL pipeline, a new fractionation facility in Mont Belvieu, Texas, and a new natural gas processing plant in McKenzie County, North Dakota. These projects are designed to capitalize on the growing NGL supply and demand dynamics, particularly in key producing basins and demand centers.
Key Highlights
- 1ONEOK plans to invest approximately $2.3 billion in new infrastructure projects through 2020.
- 2Key projects include a new Mid-Continent to Gulf Coast NGL pipeline.
- 3A new fractionation facility will be constructed in Mont Belvieu, Texas.
- 4A new natural gas processing plant is planned for McKenzie County, North Dakota.
- 5These investments are aimed at expanding NGL transportation and processing capacity.
- 6The projects are expected to support increasing NGL production from key regions.
- 7The strategic investments reflect ONEOK's commitment to growth in the midstream energy sector.
Frequently Asked Questions
ONEOK announced plans to invest approximately $2.3 billion between 2018 and 2020.
The investment will be used to construct a new Mid-Continent to Gulf Coast NGL pipeline, a new fractionation facility in Mont Belvieu, Texas, and a new natural gas processing plant in McKenzie County, North Dakota.
These investments are intended to expand ONEOK's NGL infrastructure and natural gas processing capabilities to capitalize on growing NGL supply and demand, particularly by connecting supply basins to demand centers and increasing NGL purity through fractionation.
The new natural gas processing plant will be located in McKenzie County, North Dakota.