ONEOK Partners to Invest Approximately $1 Billion For Additional Growth Projects

ONEOK Partners, L.P. OKS today announced plans to invest approximately $980 million to $1.1 billion between now and 2014 to: Build a new 75,000 barrel-per-day (bpd) natural gas liquids (NGL) fractionator, MB-3, at Mont Belvieu, Texas, and related infrastructure; Build a new 100 million cubic feet per day (MMcf/d) natural gas processing facility – the Garden Creek II plant – in eastern McKenzie County, N.D., in the Bakken Shale in the Williston Basin, and related infrastructure; Increase capacity on the Bakken NGL Pipeline to 135,000 bpd from 60,000 bpd; and Build a new 40,000 bpd Ethane/Propane (E/P) splitter at Mont Belvieu, Texas.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!