•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    ONEOK Partners to build Bakken pipeline

    ONEOK Partners, LP

    Tulsa, Okla.-based ONEOK Partners, LP is entering the crude-oil transportation business with plans to invest $1.5 billion to $1.8 billion to build a 1,300-mile crude-oil pipeline from the Bakken shale in the Williston Basin in North Dakota to the Cushing, Okla., crude-oil market hub.

    The Bakken Crude Express Pipeline will have the capacity to transport 200,000 barrels per day (bpd) of light-sweet crude oil. It is expected to parallel more than 80 percent of the partnership's existing and planned natural gas liquids pipelines, and also will be positioned to transport crude-oil production from the Niobrara shale in Colorado, Wyoming and western Nebraska. 

    Construction is expected to begin in late 2013 or early 2014 and be completed by early 2015. 

    "As producers continue to aggressively develop crude oil from wells in the Bakken shale, more crude-oil pipeline takeaway capacity will be required," said Terry K. Spencer, ONEOK Partners president. "It also represents our entry into the crude-oil transportation business and utilizes our existing core capabilities of transporting and storing natural gas, natural gas liquids and refined petroleum products.

    "Many of the supply commitments under negotiation are with the same producers in the Williston Basin that we currently serve."

    Other investments previously announced include projects related to the Bakken Shale that include the 500-mile NGL pipeline, the Bakken Pipeline, for $1.6 billion to $2 billion; a 270-mile natural gas gathering system and related infrastructure in Divide County, N.D.; and three 100 MMcf/d natural gas processing facilities – Garden Creek plant, Stateline I plant and Stateline II plant – and related infrastructure. The Garden Creek plant went into service in December 2011.

    Additionally, the partnership has a $1 billion-plus backlog of unannounced projects that will be announced when sufficient supply commitments are completed.

    Related Articles

    ONEOK mourns senior vice president Dan Harrison

    08/04/2014

    Dan L. Harrison, senior vice president of administrative services and corporate relations of ONEOK Inc. and ONEOK Partners LP, has died following a courageous battle with cancer. He was 61.

    ONEOK to construct NG processing facility in North Dakota

    07/30/2014 ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facili...

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    07/25/2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility ...

    ONEOK Partners begins 11 M common units public offering

    05/13/2014

    ONEOK Partners LP has begun a public offering of 11 million of its common units, representing limited partner interests. 

    ONEOK Partners completes capital-growth projects

    04/22/2014

    ONEOK Partners LP has completed three natural gas gathering and processing and natural gas liquids capital-growth projects worth an approximate investment of $1 billion.

    More Oil & Gas Financial Articles

    ONEOK mourns senior vice president Dan Harrison

    Mon, Aug 4, 2014

    Dan L. Harrison, senior vice president of administrative services and corporate relations of ONEOK Inc. and ONEOK Partners LP, has died following a courageous battle with cancer. He was 61.

    ONEOK to construct NG processing facility in North Dakota

    Wed, Jul 30, 2014

    ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Demicks Lake plant – and related infrastructure in northeast McKenzie County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    Fri, Jul 25, 2014

    ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Knox plant – and related infrastructure in Grady and Stephens counties in Oklahoma to gather and process natural gas from the emerging South Central Oklahoma Oil Province (SCOOP).

    ONEOK Partners begins 11 M common units public offering

    Tue, May 13, 2014

    ONEOK Partners LP has begun a public offering of 11 million of its common units, representing limited partner interests. 

    ONEOK Partners completes capital-growth projects

    Tue, Apr 22, 2014

    ONEOK Partners LP has completed three natural gas gathering and processing and natural gas liquids capital-growth projects worth an approximate investment of $1 billion.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ