Summary
ONEOK Inc. (OKE) filed an 8-K on November 15, 2021, to announce the upcoming completion of two significant infrastructure projects. These projects, Demicks Lake III and MB-5, are expected to enhance ONEOK's capabilities in natural gas processing and NGL fractionation, respectively. The Demicks Lake III facility, with a capacity of 200 million cubic feet per day, is located in the Williston Basin, an area known for its natural gas production. The MB-5 fractionator, a substantial 125,000-barrel per day NGL facility, is situated in the key Mont Belvieu, Texas hub.
Key Highlights
- 1ONEOK is advancing two key infrastructure projects to bolster its natural gas and NGL processing capabilities.
- 2The Demicks Lake III natural gas processing facility in the Williston Basin is nearing completion with a capacity of 200 MMcf/d.
- 3The MB-5 NGL fractionator in Mont Belvieu, Texas, is also nearing completion, boasting a significant capacity of 125,000 barrels per day.
- 4These project completions are strategically important for ONEOK to capitalize on the growing demand for natural gas and NGLs.
- 5The announcement was made via a news release filed as an exhibit to the 8-K.
Frequently Asked Questions
ONEOK announced the impending completion of two major infrastructure projects: Demicks Lake III, a natural gas processing facility in the Williston Basin, and MB-5, an NGL fractionator in Mont Belvieu, Texas.
The Demicks Lake III facility is designed to process 200 million cubic feet per day of natural gas.
The MB-5 fractionator is located in Mont Belvieu, Texas, a major NGL hub, and has a capacity of 125,000 barrels per day.
These projects are crucial for ONEOK as they expand its capacity to process natural gas and fractionate NGLs, positioning the company to meet increasing market demand and enhance its fee-based business model.