Summary
ONEOK Inc. (OKE) announced on September 25, 2018, significant capital growth projects aimed at expanding its natural gas liquids (NGL) and natural gas processing infrastructure. These projects include the construction of the MB-5 NGL fractionator, the Demicks IINatural Gas Processing Plant, and an expansion of the Arbuckle II NGL pipeline. These investments are strategically positioned to capitalize on increasing natural gas production in key basins, demonstrating ONEOK's commitment to serving its customers and enhancing its fee-based business model.
Key Highlights
- 1ONEOK is investing in new NGL fractionation capacity with the MB-5 fractionator.
- 2Expansion of natural gas processing capacity is underway with the Demicks II plant.
- 3Existing NGL pipeline infrastructure, the Arbuckle II pipeline, will be expanded.
- 4These projects are driven by expected increases in natural gas production.
- 5The investments aim to support customer growth and strengthen ONEOK's midstream services.
- 6The company is enhancing its fee-based revenue streams through these expansions.