News Feed Item

ONEOK Partners Announces Completion of $1 Billion in Capital-Growth Projects

Completed Projects Include Sterling III Natural Gas Liquids Pipeline and Canadian Valley Natural Gas Processing Facility

TULSA, Okla., April 21, 2014 /PRNewswire/ -- ONEOK Partners, L.P. (NYSE: OKS) today announced the completion of three natural gas gathering and processing and natural gas liquids capital-growth projects of approximately $1 billion. These completed projects are part of the partnership's previously announced $6.0 billion to $6.4 billion capital-growth program through 2016 and include:

  • The Sterling III Pipeline, a 540-plus-mile, 16-inch diameter natural gas liquids (NGL) pipeline that transports either unfractionated NGLs or NGL purity products from the Mid-Continent region to the Texas Gulf Coast;
  • The 200-million cubic feet per day (MMcf/d) Canadian Valley natural gas processing facility and related infrastructure in the Cana-Woodford Shale in Oklahoma; and
  • An ethane/propane (E/P) splitter at its Mont Belvieu, Texas, NGL storage facility.

"These investments continue to demonstrate our ongoing commitment to build the infrastructure necessary to better serve our producers and customers," said Terry K. Spencer, president and chief executive officer of ONEOK Partners. 

"Each of these projects integrates with our existing assets in the midstream value chain.  Their completion is a significant achievement that would not have been possible without the tireless efforts of our employees, contractors and suppliers," Spencer added.

Sterling III Pipeline completed:

The Sterling III Pipeline has the capacity to transport 193,000 barrels per day (bpd) of either unfractionated NGLs or NGL purity products from the partnership's NGL infrastructure at Medford, Okla., to its storage and fractionation facilities at Mont Belvieu, Texas.

The partnership's existing Sterling I and II pipelines are being reconfigured to transport either unfractionated NGLs or NGL purity products, and are expected to be completed during the second quarter 2014.  The cost for the Sterling III Pipeline and these reconfigurations is approximately $760 million to $790 million.

"The Sterling III Pipeline is the partnership's fourth NGL pipeline connecting the Mid-Continent and Gulf Coast NGL market centers," Spencer said. "Its completion, combined with the reconfigurations of our existing Sterling I and II NGL pipelines, gives us additional operational flexibility and enables us to increase the flow of NGL volumes between these two important NGL market centers."

The Sterling III Pipeline traverses the NGL-rich Woodford Shale and provides transportation capacity for NGL production from the growing Cana-Woodford Shale and Granite Wash, where new natural gas processing plants are being built as a result of increased drilling activity in these areas.

Canadian Valley natural gas processing facility completed:

ONEOK Partners also completed construction of its new, 200-MMcf/d natural gas processing facility – the Canadian Valley plant – in the Cana-Woodford Shale area in Oklahoma. The cost for the Canadian Valley plant and related infrastructure is approximately $340 million to $360 million.

"The Canadian Valley plant is located in the heart of the NGL-rich Cana-Woodford Shale and is connected to the partnership's existing natural gas and natural gas liquids pipelines," said Spencer.

"This new plant provides much needed natural gas processing capacity to handle growing volumes in this area.  In addition, natural gas liquids volumes produced from this new plant are expected to add incremental NGL volumes to our extensive Oklahoma natural gas liquids system."

The Canadian Valley plant will increase the partnership's natural gas processing capacity in Oklahoma to approximately 700 MMcf/d and is now the partnership's largest natural gas processing facility in Oklahoma.  

New E/P splitter at Mont Belvieu completed:

ONEOK Partners also completed a $46 million, 40,000-bpd E/P splitter at its Mont Belvieu NGL storage facility to split E/P mix into purity ethane and purity propane to meet the growing needs of petrochemical customers. The facility is capable of producing 32,000 bpd of purity ethane and 8,000 bpd of propane.

In addition to its previously announced $6.0 billion to $6.4 billion capital-growth program through 2016, the partnership has a $2 billion to $3 billion-plus backlog of unannounced growth projects that it continues to develop.  Additional projects included in this backlog will be announced when sufficient supply commitments are completed.


View a map of the completed projects. 


ONEOK Partners, L.P. (pronounced ONE-OAK) (NYSE: OKS) is one of the largest publicly traded master limited partnerships in the United States and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers.  Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a pure-play, publicly traded general partner, which owns 41.2 percent of the overall partnership interest as of Dec. 31, 2013. 

For more information, visit the website at www.oneokpartners.com

For the latest news about ONEOK Partners, follow us on Twitter @ONEOKPartners

Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended.  The forward-looking statements relate to the Sterling III pipeline, the completion of Canadian Valley natural gas processing facility, and the completion of a E/P splitter at Mont Belvieu, the other referenced infrastructure growth projects related to natural gas gathering and processing and natural gas liquids and the schedule and costs to complete the proposed projects and related infrastructure.  These forward-looking statements are made in reliance on the safe-harbor protections provided under the Private Securities Litigation Reform Act of 1995.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should," "goal," "forecast," "guidance," "could," "may," "potential," "scheduled," and other words and terms of similar meaning.

You should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our Annual Report on Form 10-K. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

Analyst Contact:

T.D. Eureste


Media Contact:

Brad Borror



More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
As companies adopt the cloud-to-streamline workflow, deployment hasn’t been very seamless because of IT concerns surrounding security risks. The cloud offers many benefits, but protecting and securing information can be tricky across multiple cloud providers and remains IT’s overall responsibility. In his session at 19th Cloud Expo, Simon Bain, CEO of SearchYourCloud, will address security compliance issues associated with cloud applications and how document-level encryption is critical for sup...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will present at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they manag...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, will discuss the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They will also review two "free infrastruct...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...