Harping on the need for storage to meet critical demand during Winter Storm Uri, Oneok Gas Transmission is gauging market interest in more than 1 Bcf of incremental firm storage capacity at its West Texas natural gas storage facilities.

Management for the Oklahoma midstream company said the natural gas pipelines segment fetched $105 million in the first quarter of 2021, largely from the sale of 5.2 Bcf of natural gas from its storage assets during the February freeze. This was five times as much as it sold during the same period last year.

“Our ability to provide reliable service throughout the extreme weather conditions highlights the importance of market-connected pipelines and storage assets and the value of these vital services,” said Oneok Chief Operating Officer (COO)...