Summary
ONEOK Inc. (OKE) announced the successful completion of its Elk Creek Pipeline on December 11, 2019. This development marks a significant operational milestone for the company, enhancing its natural gas liquids (NGL) transportation capacity and furthering its strategic growth initiatives in key producing basins. Investors should view this completion as a positive step towards increased operational scale and potential future revenue generation, aligning with the company's commitment to expanding its infrastructure network.
Key Highlights
- 1Completion of the Elk Creek Pipeline announced on December 11, 2019.
- 2The Elk Creek Pipeline is a key NGL transportation asset for ONEOK.
- 3The filing includes the news release detailing the pipeline's completion as an exhibit.
- 4This project is expected to contribute to ONEOK's growth strategy.
- 5The event date for the announcement was December 10, 2019, with filing on December 11, 2019.
Frequently Asked Questions
The completion of the Elk Creek Pipeline is significant as it enhances ONEOK's NGL transportation capacity, supporting its growth strategy and operational expansion in key regions.
ONEOK announced the completion of the Elk Creek Pipeline on December 11, 2019.
More details are available in the news release attached as Exhibit 99.1 to this 8-K filing, which was issued by ONEOK on December 11, 2019.