TULSA — ONEOK Partners has completed three large natural gas and natural gas liquids projects as part of its ongoing growth program expected to be completed in 2015 and cost up to $5.3 billion.
“These investments demonstrate our ongoing commitment to build the necessary natural gas and NGL (natural gas liquids) infrastructure to better serve our producers and customers,” ONEOK Partners President Terry K. Spencer said in a statement Tuesday. “We completed each of these projects on time and on budget, and the assets now are delivering essential services to our producers and customers.”
The Bakken Natural Gas Liquid Pipeline is a $450 million to $500 million, 600-mile pipeline that can transport up to 60,000 barrels per day of unprocessed natural gas liquids from the Williston Basin in North Dakota and Montana to the existing Overland Pass Pipeline in northern Colorado. The product will then connect with ONEOK Partners' Mid-Continent processing and storage facilities in central Kansas.
The partnership is still working on a $100 million upgrade to the new line that will boost its capacity to 135,000 barrels per day by the third quarter of 2014.
ONEOK Partners also announced the completion of its 100 million-cubic-feet-per day Stateline II natural gas processing facility in western William County, N.D. The up to $150 million plant is the third natural gas processing facility ONEOK Partners has completed in the area since late 2011.
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