The company will build the 80 million cubic feet per day (MMcf/d) Bear Creek facility and related infrastructure, with an investment of approximately $265m to $375m, by the second quarter of 2016 to process natural gas produced from the Bakken Shale in the Williston Basin.
Approximately $215m to $305m will also be invested by the company for the construction of Bronco facility and related infrastructure by the third quarter of 2016 to process natural gas produced from the NGL-rich Turner, Frontier, Sussex and Niobrara Shale formations in the Powder River Basin.
Oneok Partners president and chief executive officer Terry Spencer said: "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.
"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.
"The Bear Creek plant will be built near existing ONEOK Partners natural gas gathering, compression and residue takeaway infrastructure in Dunn County and will alleviate pipeline inefficiencies in an area challenged by geographical constraints and severe terrain.
"The construction of this facility, along with previously announced capital-growth projects, shows our continued commitment to building critical natural gas infrastructure in North Dakota in an effort to meet the industry goal of reducing natural gas flaring to 5 to 10 percent of total production by the fourth quarter 2020."
Image:Oneok Partners plans to invest in natural gas processing facilities. Photo: courtesy of supakitmod/Freedigitalphotos.net
