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…
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Oneok Still Evaluating Saguaro Pipeline for Mexico LNG Export Project
Midstreamer Oneok Inc. hopes to reach a final investment decision (FID) on its proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline later this year. The 155-mile pipeline would transport natural gas from the Waha hub in West Texas to the Mexico border. It would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd.…
Oneok to Add Refined Products, Crude Oil Transportation Services with $18.8B Magellan Deal
Natural gas midstream company Oneok Inc. on Monday announced that it has agreed to purchase Magellan Midstream Partners LP for $18.8 billion, giving the Tulsa-based firm entry into the transportation of crude oil and refined products. Under the deal, Oneok would acquire all outstanding units of Magellan in a cash-and-stock transaction, resulting in a combined…
Oneok Touts Progress Toward FID on 2.8 Bcf/d Saguaro Connector Natural Gas Pipeline
Oneok Inc. is still targeting a final investment decision (FID) by mid-year on the proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline, which would transport natural gas from the Waha hub in West Texas to the Mexico border. The pipeline, if sanctioned, would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd. LLC…
Oneok Investigating Fire at Oklahoma’s Medford NGL Fractionator
Tulsa-based Oneok Inc. on Monday was working with Oklahoma emergency responders and regulatory authorities to evaluate the damage at its Medford natural gas liquids (NGL) fractionation facility following a fire on Saturday. All of the midstream operator’s personnel were accounted for, according to spokesperson Brad Borror. The company was continuing to “prioritize the safety of…
North Dakota Extends Deadline for West-to-East Natural Gas Pipeline Proposals
The North Dakota Industrial Commission has extended until Aug. 15 the deadline to submit proposals for a natural gas pipeline connecting the western and eastern portions of the state. The state legislature in 2021 approved $150 million in grants to fund the project, stipulating that $10 million of the total must be used for a…
Elk Creek Could Relieve Flaring, Boost North Dakota Production, Oneok Says
Tulsa, OK-based Oneok Inc.’s Elk Creek natural gas liquids (NGL) pipeline could rapidly bring gas flaring in the Bakken formation under control once it ramps up to full capacity, company executives said on a conference call last week. The expected drop in flaring could, in turn, boost output in North Dakota.
Elk Creek Could Bring North Dakota Flaring Back Under State Mandates, Oneok Says
Tulsa, OK-based Oneok Inc.’s Elk Creek natural gas liquids (NGL) pipeline could rapidly bring gas flaring in the Bakken formation under control once it ramps up to full capacity, company executives said on a conference call Wednesday.
Following Oneok Spill, North Dakota to Make Incident Reports More Transparent
The North Dakota Department of Environmental Quality (NDEQ) expects to roll out changes to how spill reports are conveyed to the public within a year’s time amid renewed public scrutiny.
Oneok Boosting Midstream Capabilities with Small, ‘Low-Cost’ Expansions
Tulsa-based Oneok Inc. is expanding its natural gas and natural gas liquids (NGL) infrastructure in North Dakota and West Texas with “low-cost, capital-efficient projects” that meet its customers needs, the company said Thursday.