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.