January 17, 2013: ONEOK announces it will build a fifth natural gas gathering and procession plant in North Dakota, to be named Garden Creek III.
December 10, 2012: public hearing on Garden Creek II, to be co-located with Garden Creek 1, ten miles northeast of Watford City; 100 million cubic feet/day of natural gas;
November 27, 2012: ONEOK will not go forward with Bakken Crude Express Pipeline.
October 22, 2012: Link to Oil & Gas Journal here, re: ONEOK, update:
September 24, 2012: Earnings forecast; dividend increase; outstanding report;
- ONEOK announces "open season" for previously announced Bakken Crude Express Pipeline
- 1,300 mile crud oil pipeline
- from Williston Basin to Cushing hub
- 200,000 bopd
- construction to begin in early 2014; completion by mid-2015
September 7, 2012: ONEOK's presentation at Barclays. SeekingAlpha.com transcript here.
September 5, 2012: ONEOK presents at Barclays; transcript.
September 2, 2012: Update on the ONEOK Bakken NGL Pipeline; problems in Crook County, Wyoming
Original PostA huge "thank you" to a reader for sending me this note; I would have missed it.
The other day, in a series of comments regarding natural gas and ONEOK, I came very, very close to suggesting it was just a matter of time before ONEOK would announce another natural gas gathering and processing plant. Wow, I wish I had posted that, but I have become so well-known for my bias regarding the Bakken, I have backed off adding comments about what I think we might see in the Bakken.
Here's that story from Yahoo!Finance:
ONEOK Partners, L.P. today announced plans to invest approximately $980 million to $1.1 billion between now and 2014 to:This is an incredible announcement coming when it does -- regular readers have been treated to a series from articles from RBN Energy, ISA, and from readers talking about the coming natural gas boom in North Dakota.
- Build a new 75,000 barrel-per-day (bpd) natural gas liquids (NGL) fractionator, MB-3, at Mont Belvieu, Texas, and related infrastructure;
- Build a new 100 million cubic feet per day (MMcf/d) natural gas processing facility – the Garden Creek II plant – in eastern McKenzie County, N.D., in the Bakken Shale in the Williston Basin, and related infrastructure;
- Increase capacity on the Bakken NGL Pipeline to 135,000 bpd from 60,000 bpd; and
- Build a new 40,000 bpd Ethane/Propane (E/P) splitter at Mont Belvieu, Texas.
And don't forget this Forbes article that Don sent me some time ago and I linked: natural gas is headed to $8.00.