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ONEOK Partners to invest up to $785M on new North Dakota gas facility

Jul. 30, 2014 4:49 PM ETONEOK, Inc. (OKE) StockBy: Carl Surran, SA News Editor1 Comment
  • ONEOK Partners (OKS) announces plans to spend $605M-$785M to construct a new 200M cf/day natural gas processing facility in North Dakota, which will process natural gas produced from the Bakken Shale.
  • Plans for the Demicks Lake plant include construction of additional natural gas compression and 12 miles of natural gas liquids gathering pipeline from the new plant to the partnership's existing Bakken NGL pipeline.
  • The natural gas processing plant and related infrastructure are expected to be completed by Q3 2016.

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