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Released May 03, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--In a recent conference call, ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) Chief Executive Officer Terry Spencer said the company was making good progress on major growth projects, including the company's Arbuckle II and Elk Creek natural gas liquids (NGL) pipelines. Industrial Info is tracking nearly $3 billion in active ONEOK projects.
ONEOK's planned Elk Creek NGL pipeline will run approximately 900 miles from eastern Montana to its NGL facilities in Bushton, Kansas. Spencer said the company plans to begin construction on the project later this year. "Within the last couple of weeks, pipe for Elk Creek started being delivered, a big step closer to actual construction. We plan to start construction with the southern part of Elk Creek first in the third quarter, as this section would allow barrels from the Powder River Basin to flow on Elk Creek before the entire line is complete. ... The southern section would be in service as early as the third quarter of 2019," said Spencer. The 20-inch-diameter Elk Creek Pipeline will carry 240,000 barrels per day (BBL/d) of NGL and will be expandable to 400,000 BBL/d. For more information, see January 18, 2018, article - ONEOK to Develop $1.4 Billion NGL Pipeline from Montana to Kansas and Industrial Info's project reports on the Montana, Wyoming, Colorado and Kansas sections of the pipeline.
Spencer said construction on the company's Arbuckle II Pipeline also is expected to start later this year. The pipeline will transport unfractionated NGL from the ONEOK's gathering system in Oklahoma to its fractionation facilities in Mont Belvieu, Texas. The $1.36 billion pipeline will carry up to 400,000 BBL/d. Construction is expected to be wrapped up in early 2020. For more information, see Industrial Info's project reports on the Oklahoma and Texas portions of the pipeline.
At Mont Belvieu, ONEOK is progressing with construction of an additional fractionator, which it calls MB-4. Spencer said, "Our MB-4 fractionator is permitted, and we expect construction to begin this month." The 125,000 NGL fractionator will increase ONEOK's total fractionation capacity at Mont Belvieu to 275,000 BBL/d of ethane, propane, isobutane, normal butane and natural gasoline. Burns & McDonnell Incorporated (Kansas City, Missouri) is providing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $575 million. Construction is planned to wrap up in the first quarter of 2020. For more information, see Industrial Info's project report.
In Oklahoma, ONEOK is underway with the expansion of its Canadian Valley natural gas processing plant. A second processing train will double plant processing capacity to 400 million cubic feet per day of natural gas. Optimized Process Designs LLC (Katy, Texas) is providing EPC work on the project, which has an estimated TIV of $155 million. Spencer said work was on schedule for the project, which has a targeted in-service date in the fourth quarter of this year. For more information, see Industrial Info's project report.
ONEOK remains in the planning stage for its grassroot Demicks Lake natural gas processing plant in North Dakota. The plant will process up to 200 million cubic feet per day of natural gas from the Bakken Shale. Optimized Process Designs is EPC contractor. The project is planned to kick off this summer and be completed in 2019. In a press release, ONEOK said the Demicks Lake project would increase its natural gas processing capacity in the Williston Basin to more than 1.2 billion cubic feet per day. For more information, see Industrial Info's project report.
ONEOK had a successful first quarter financially, reporting net income of $264.5 million for first-quarter 2018, compared to $87.4 million in first-quarter 2017. The company attributed the improved results to volume growth in the STACK and SCOOP areas of Oklahoma, as well as the Permian and Williston basins.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
ONEOK's planned Elk Creek NGL pipeline will run approximately 900 miles from eastern Montana to its NGL facilities in Bushton, Kansas. Spencer said the company plans to begin construction on the project later this year. "Within the last couple of weeks, pipe for Elk Creek started being delivered, a big step closer to actual construction. We plan to start construction with the southern part of Elk Creek first in the third quarter, as this section would allow barrels from the Powder River Basin to flow on Elk Creek before the entire line is complete. ... The southern section would be in service as early as the third quarter of 2019," said Spencer. The 20-inch-diameter Elk Creek Pipeline will carry 240,000 barrels per day (BBL/d) of NGL and will be expandable to 400,000 BBL/d. For more information, see January 18, 2018, article - ONEOK to Develop $1.4 Billion NGL Pipeline from Montana to Kansas and Industrial Info's project reports on the Montana, Wyoming, Colorado and Kansas sections of the pipeline.
Spencer said construction on the company's Arbuckle II Pipeline also is expected to start later this year. The pipeline will transport unfractionated NGL from the ONEOK's gathering system in Oklahoma to its fractionation facilities in Mont Belvieu, Texas. The $1.36 billion pipeline will carry up to 400,000 BBL/d. Construction is expected to be wrapped up in early 2020. For more information, see Industrial Info's project reports on the Oklahoma and Texas portions of the pipeline.
At Mont Belvieu, ONEOK is progressing with construction of an additional fractionator, which it calls MB-4. Spencer said, "Our MB-4 fractionator is permitted, and we expect construction to begin this month." The 125,000 NGL fractionator will increase ONEOK's total fractionation capacity at Mont Belvieu to 275,000 BBL/d of ethane, propane, isobutane, normal butane and natural gasoline. Burns & McDonnell Incorporated (Kansas City, Missouri) is providing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $575 million. Construction is planned to wrap up in the first quarter of 2020. For more information, see Industrial Info's project report.
In Oklahoma, ONEOK is underway with the expansion of its Canadian Valley natural gas processing plant. A second processing train will double plant processing capacity to 400 million cubic feet per day of natural gas. Optimized Process Designs LLC (Katy, Texas) is providing EPC work on the project, which has an estimated TIV of $155 million. Spencer said work was on schedule for the project, which has a targeted in-service date in the fourth quarter of this year. For more information, see Industrial Info's project report.
ONEOK remains in the planning stage for its grassroot Demicks Lake natural gas processing plant in North Dakota. The plant will process up to 200 million cubic feet per day of natural gas from the Bakken Shale. Optimized Process Designs is EPC contractor. The project is planned to kick off this summer and be completed in 2019. In a press release, ONEOK said the Demicks Lake project would increase its natural gas processing capacity in the Williston Basin to more than 1.2 billion cubic feet per day. For more information, see Industrial Info's project report.
ONEOK had a successful first quarter financially, reporting net income of $264.5 million for first-quarter 2018, compared to $87.4 million in first-quarter 2017. The company attributed the improved results to volume growth in the STACK and SCOOP areas of Oklahoma, as well as the Permian and Williston basins.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
