Oneok

West Texas LPG Pipeline LP, a joint venture between Oneok and Martin Midstream Partners LP, said it plans to invest about $200 million to expand its natural gas liquids (NGL) system into the Delaware Basin.

Oneok Inc. said it plans to acquire all of the outstanding common units of its master limited partnership (MLP), Oneok Partners LP, in an all-stock deal valued at $9.3 billion.

Unseasonably warm and windy conditions in the Bakken Shale in North Dakota sparked two grass fires on Sunday in McKenzie County, a top oil producing area, including one near a Oneok Partnersnatural gas compressor station southeast of Keene. A Oneok spokesperson told NGI’s Shale Dailythe company is investigating the fire’s cause, which consumed about 900 acres before being brought under control. The incident had no impact on operations. Another fire reportedly resulted from target shooting, authorities said.

As it looks to reduce its credit risk in 2016, Oneok Partners LP is looking ahead to growth opportunities presented by the ethane volumes on its system currently being rejected due to low demand.

Tulsa-based Oneok Partners LP is planning to start up a new natural gas processing plant late this month in the heart of the Bakken Shale play in McKenzie County, ND, and that is just the beginning of a series of infrastructure additions slated for the area by the end of next year.

Analysts with U.S. Capital Advisors LLC said natural gas liquids prices are still "trying to find a floor," thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still “trying to find a floor,” thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Growth in the Williston Basin in North Dakota is the key to ONEOK Partners expected ramp-up of natural gas and natural gas liquids (NGL) production in the second half this year, CEO Terry Spencer told financial analysts Wednesday.

Oneok Partners LP said it has suspended plans to build a trio of natural gas processing plants in shale basins in three states as it revised its financial guidance for 2015 and slashed its capital expenditures (capex) budget for the year.