TULSA — ONEOK Partners LP intends to invest as much as $780 million in infrastructure serving North Dakota's oil-rich Bakken Shale by 2016, the partnership announced Tuesday.
ONEOK Partners plans to expand the capacity of its Bakken natural gas liquids pipeline for the second time and build a natural gas processing facility in McKenzie County, N.D. That plant will be the partnership's sixth new processing plant in the region since 2010.
“Production in the Williston Basin continues to increase with no signs of leveling off or slowing,” ONEOK Partners President Terry K. Spencer said. “The new Lonesome Creek plant and related infrastructure will be well-positioned to capitalize on existing ONEOK Partners assets and provide producers in the area with essential natural gas processing capacity.
“These investments are another example of ONEOK Partners' ongoing commitment to address natural gas gathering and processing constraints in the region and help reduce natural gas flaring in North Dakota.”
ONEOK Partners is the largest independent operator of natural gas gathering and processing facilities in North Dakota's Williston Basin, but the state needs additional infrastructure to handle its booming oil and natural gas production.