ONEOK Partners LP (NYSE: OKS) plans to invest $480 million to $680 million between now and the end of the third quarter of 2016 to build a new natural gas processing facility of 80 million cubic feet per day (MMcf/d) – the Bear Creek plant – and related infrastructure in northwest Dunn County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.
The company also plans to construct a new 100-MMcf/d natural gas processing facility – the Bronco plant – and related infrastructure in southern Campbell County, Wyoming, which will process natural gas produced from the NGL-rich Turner, Frontier, Sussex, and Niobrara shale formations in the Powder River Basin.
"In 2014, the partnership has announced $1.5 billion to $1.9 billion in capital-growth projects – a continuation of our $7.5 billion to $8.2 billion capital-growth program planned through 2016," said Terry K. Spencer, president and CEO of ONEOK Partners. "The Bear Creek and Bronco plants will increase our natural gas processing capacity across our operating footprint by 180 MMcf/d and add additional natural gas and natural gas liquids volumes on our systems. These projects further demonstrate the value of the partnership's integrated operations that allow us to better serve area producers."
The partnership has strategically positioned capital-growth projects in multiple high-growth NGL-rich areas, including the Williston Basin, the Powder River Basin, and the Cana-Woodford and SCOOP shale plays in Oklahoma, resulting in increased natural gas processing capacity across the partnership's operating footprint.
Since 2010, ONEOK Partners has constructed, or is constructing, 11 new natural gas processing plants and related natural gas gathering infrastructure across its operating footprint – including eight in the Williston Basin, where the partnership's natural gas processing capacity in the region is expected to increase by more than 11 times by the end of 2016, compared with 2010.