Welcome!

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.

EDITOR'S NOTE: 

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


918-588-7167

Media Contact:

Brad Borror


918-588-7582

SOURCE ONEOK Partners, L.P.

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
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
While presenting own advanced Robo-Advisory Platform, Michał Różański, Managing Partner at EARP and CEO at Empirica, will illustrate the most important issues of building tailored FinTech software in his session at 20th Cloud Expo. He will share experiences we have gained for over 6 years of developing solutions for financial institutions and FinTech companies, including robo-advisors. We welcome all FinTech innovators interested in how properly implemented technology can move their businesses f...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and valu...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.