Rising gas-to-oil ratios (GOR) and a mandate to stamp out flaring in the Bakken Shale mean opportunity for the Williston Basin’s leading natural gas processor, Oneok Inc., management said Tuesday.

During a call with analysts to discuss the midstreamer’s fourth quarter 2023 earnings, CEO Pierce Norton II and his executive team highlighted that GORs in the Williston have risen by about 90% since 2016, while statewide flaring in North Dakota fell from 36% of gas production in 2014 to around 5% as of December 2023. 

All of that captured gas needs to be processed and transported, which bodes well for a company like Oneok.

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