Reports related to this article:
Project(s): View 9 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released August 04, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--ONEOK Partners LP (NYSE:OKS) (Tulsa, Oklahoma), a leading diversified energy company, outpaced many of its competitors when it reported strong revenue and earnings growth in second-quarter 2016, based on higher transportation revenues in the natural gas pipelines segment and natural gas volume growth in the Williston Basin, among other factors. Industrial Info's project database is tracking $907.65 million in ONEOK projects that span the Oil & Gas Production, Pipelines and Terminals industries.
Capital expenditures stood at $136.4 million in the second quarter, less than half of those in the same period last year, due to projects placed in service in 2015; spending reductions aligned with customer needs; and lower well-connect activities in the natural gas gathering and processing segment, according to a company press release. However, ONEOK has several major project completions on the horizon.
ONEOK's highest-valued project under construction is a major portion of its closely watched Roadrunner Gas Transmission Pipeline Project, which runs from west Texas, to Chihuahua, Mexico, the first phase of which was completed earlier this year. A $330 million segment running from near Odessa to near San Elizario, Texas, is designed to eventually carry up to 875 million standard cubic feet per day of natural gas. The pipeline, a 50:50 joint venture with Fermaca (Mexico City, Mexico), is expected to be fully complete late next year. For more information, including project specifications and contractor contact information, see Industrial Info's project report.
The largest upstream project involving ONEOK is the $190 million Bear Creek Cryogenic Natural Gas Processing Plant in Killdeer, North Dakota. The Bakken Shale will provide the feedstock for the facility, which is designed to produce up to 80 million standard cubic feet per day. For more information, see Industrial Info's project report.
To learn about the prospects for other projects related to North Dakota's Bakken Shale boom, see July 11, 2016, article - Industrial Info Sees More Natural Gas than Crude Pipeline Projects in Past 12 Months; and May 11, 2016, article - Despite Decrease in Oil Work, North Dakota Likely to See Labor Force Tighten in 2016.
ONEOK also is performing market analysis for a possible liquid petroleum gas (LPG) pipeline running from El Paso, Texas, to Carlsbad, New Mexico, which would include a $150 million Texas segment and a $150 million New Mexico segment. ONEOK expects to see a growth in demand for LPG in the future and is optimistic about the potential for the project's approval. The market analysis is expected to be completed late this year. For more information, see Industrial Info's project reports on the Texas and New Mexico segments.
"ONEOK continues to benefit from natural gas and natural gas liquids volume growth across all three ONEOK Partners business segments year over year," said Terry K. Spencer, president and chief executive officer of ONEOK, in a press release accompanying the quarterly earnings conference call. "The natural gas liquids segment continues to be a key driver of fee-based growth for the partnership, with segment operating income and adjusted EBITDA in the first half of 2016 increasing more than 25 percent compared with the same period last year."
Industrial Info also is tracking more than $26 million in ONEOK projects related to maintenance, inspections and overhauls of existing units. Those set for later this year include:
Capital expenditures stood at $136.4 million in the second quarter, less than half of those in the same period last year, due to projects placed in service in 2015; spending reductions aligned with customer needs; and lower well-connect activities in the natural gas gathering and processing segment, according to a company press release. However, ONEOK has several major project completions on the horizon.
ONEOK's highest-valued project under construction is a major portion of its closely watched Roadrunner Gas Transmission Pipeline Project, which runs from west Texas, to Chihuahua, Mexico, the first phase of which was completed earlier this year. A $330 million segment running from near Odessa to near San Elizario, Texas, is designed to eventually carry up to 875 million standard cubic feet per day of natural gas. The pipeline, a 50:50 joint venture with Fermaca (Mexico City, Mexico), is expected to be fully complete late next year. For more information, including project specifications and contractor contact information, see Industrial Info's project report.
The largest upstream project involving ONEOK is the $190 million Bear Creek Cryogenic Natural Gas Processing Plant in Killdeer, North Dakota. The Bakken Shale will provide the feedstock for the facility, which is designed to produce up to 80 million standard cubic feet per day. For more information, see Industrial Info's project report.
To learn about the prospects for other projects related to North Dakota's Bakken Shale boom, see July 11, 2016, article - Industrial Info Sees More Natural Gas than Crude Pipeline Projects in Past 12 Months; and May 11, 2016, article - Despite Decrease in Oil Work, North Dakota Likely to See Labor Force Tighten in 2016.
ONEOK also is performing market analysis for a possible liquid petroleum gas (LPG) pipeline running from El Paso, Texas, to Carlsbad, New Mexico, which would include a $150 million Texas segment and a $150 million New Mexico segment. ONEOK expects to see a growth in demand for LPG in the future and is optimistic about the potential for the project's approval. The market analysis is expected to be completed late this year. For more information, see Industrial Info's project reports on the Texas and New Mexico segments.
"ONEOK continues to benefit from natural gas and natural gas liquids volume growth across all three ONEOK Partners business segments year over year," said Terry K. Spencer, president and chief executive officer of ONEOK, in a press release accompanying the quarterly earnings conference call. "The natural gas liquids segment continues to be a key driver of fee-based growth for the partnership, with segment operating income and adjusted EBITDA in the first half of 2016 increasing more than 25 percent compared with the same period last year."
Industrial Info also is tracking more than $26 million in ONEOK projects related to maintenance, inspections and overhauls of existing units. Those set for later this year include:
- $5 million: Maintenance and inspections at a cryogenic natural gas processing plant in Canute, Oklahoma, in the fourth quarter
For more information, see Industrial Info's project report. - $5 million: Maintenance and inspections at a natural gas processing plant in Medford, Oklahoma, in the fourth quarter
For more information, see Industrial Info's project report. - $1.5 million: Maintenance turnaround at a natural gas processing plant in Woodward, Oklahoma, in the third quarter
For more information, see Industrial Info's project report. - $1 million: Maintenance turnaround at a natural gas liquids fractionation plant in Medford, Oklahoma, in the third quarter
For more information, see Industrial Info's project report. - $1 million: Maintenance turnaround at a natural gas liquids production plant in Cartwright, North Dakota, in the third quarter
For more information, see Industrial Info's project report.
