ONEOK ANNOUNCES WILLISTON BASIN GAS PROCESSING EXPANSION.
The plant expansion, which is already under way, will increase natural gas processing capacity to approximately 100 million cubic feet per day (MMcfd) from its current capacity of approximately 63 MMcfd. As part of the project, the plant's fractionation equipment will be expanded, increasing fractionating capacity by 65 percent. The additions will come on line in phases starting in the summer of 2007 through the first quarter of 2008.
"We're coming off a record year of well connects in the Williston Basin, and we expect this high level of activity to continue," said Pierce Norton, president of ONEOK Partners' gathering and processing business. "The expansion is needed to keep pace with this growth and allows us to better serve the increasing needs of our producer-customers."
Bear Paw Energy has approximately 3,500 miles of gathering pipelines in the Williston Basin and will have more than 130 million cubic feet per day of processing capacity once the Grasslands plant expansion is completed. The facility extracts natural gas liquids and removes water and other contaminants from raw natural gas gathered in the basin. The remaining residue natural gas is compressed and delivered to interstate pipelines, including Northern Border Pipeline, which is 50 percent owned by ONEOK Partners. The raw natural gas liquids extracted by the facility are fractionated and then transported to markets via truck and rail car.
In total, ONEOK Partners expects to spend about $90 million in 2007 for growth-related gathering and processing projects in the Rockies and the Mid-Continent region. ONEOK is one of the largest publicly traded limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers. Its general partner is owned by ONEOK, Inc. (NYSE:OKE) , a diversified energy company, which owns 45.7 percent of the overall partnership interest. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.
For more information, visit the Web sites at http://www.oneokpartners.com/ or http://www.oneok.com http://www.oneok.com/grasslands.pdf or call 918/588-7572.
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|Date:||May 1, 2007|
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