Oneok Investing More In Bakken Midstream Infrastructure
Oneok is planning another $650-780 million in infrastructure investments in the Bakken.
The company will expand its Bakken NGL Pipeline, expand gathering & compression in the area, and build a seventh NGL processing plant in McKenzie County, ND.
Oneok will spend $100 million to expand the Bakken NGL pipeline that came online in April of 2013. The pipeline was originally planned with capacity of 60,000 b/d and is currently being expanded to 135,000 b/d. This will mark the second expansion and grow capacity to 160,000 b/d.
The Lonesome Creek processing plant (200 mmcfd) will have a price tag of $320-390 million and the expansion of gathering infrastructure is estimated to cost $230-290 million.
Oneok will have approximately 800 mmcfd of processing capacity in North Dakota when the Lonesome Creek Plant is completed.
Three of the seven planned plants are yet to be completed. The Garden Creek II and III are under construction and ground will be broken on the Lonesome Creek Plant soon.
- Grasslands (90 mmcfd)
- Garden Creek I (100 mmcfd) online December 2011
- Stateline I (100 mmcfd) completed September 2012
- Stateline II (100 mmcfd) expected April 2013
- Garden Creek II (100 mmcfd) expected completion Q3 2014
- Garden Creek III (100 mmcfd) expected completion Q1 2015
- Lonesome Creek (200 mmcfd) expected in late 2015