Oklahoma business briefs for April 22, 2014

Oklahoma business briefs for April 22, 2014
Oklahoman Published: April 22, 2014
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Oklahoma briefs

Two in state named to council

Two Oklahomans were among eight members named to the Economic Advisory Council for the the Federal Reserve Bank of Kansas City. Ken Lackey, board chairman of NORDAM in Tulsa, and Tina Patel, co-owner of Promise Hotels in Tulsa, will each join the council for a three-year term. The council, which includes representatives of businesses from the 10th Federal Reserve District, meets twice a year with Federal Reserve Bank of Kansas City President Esther L. George to discuss the regional economy. The bank and its branches in Oklahoma City, Denver and Omaha serve a seven-state district that includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.

ONEOK completes $1B in projects

— ONEOK Partners L.P. has completed three natural gas gathering and processing and natural gas liquids capital-growth projects of about $1 billion. The projects are part of the partnership's previously announced $6 billion to $6.4 billion capital-growth program through 2016 and include a 540-mile pipeline, a natural gas processing facility and an ethane/propane splitter. The Sterling III Pipeline has the capacity to transport 193,000 barrels per day of natural gas liquids and products from Medford to ONEOK Partners’ storage and fractionation facilities at Mont Belvieu, Texas. The partnership has a $2 billion to $3 billion-plus backlog of unannounced growth projects that it continues to develop.



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