NEW YORK Oneok Partners
LP has earmarked between $465 million and $500 million for a
new natural gas processing facility, a new pipeline and
upgrades to existing infrastructure.
The 100-cubic-feet-per-day plant
will be built in eastern McKenzie County, N.D., an area that
includes the Bakken Shale and Three Forks formation. It is
expected to be operational in the first quarter of 2015, the
Construction costs are pegged at
$325 million to $360 million.
The Tulsa, Okla.-based company
is also investing $140 million in a 95-mile natural gas
pipeline that will connect its facilities in Hutchinson, Kan.,
and Medford, Okla., and is upgrading the fractionation
infrastructure at its Hutchinson, Kan., facility to accommodate
lighter, unfractionated natural gas liquids (NGLs) produced in
the Williston Basin.
"The new Garden Creek III plant
increases our natural gas processing capacity to meet
producers needs in the Williston Basin, and the expansion
of our downstream NGLs infrastructure will offer additional
fractionation and transportation capacity for NGLs coming from
the region," Pierce H. Norton, executive vice president of
The partnership has announced
$4.7 billion to $5.3 billion in investments through 2015 for
infrastructure growth projects related to natural gas gathering
and processing, Oneok said.
The company recently canceled a $1.8-billion project to
build a 1,300-mile crude oil pipeline, citing lack of interest
by potential customers (
amm.com, Nov. 28).