Tuesday, July 27, 2010

OneOK Investing in Natural Gas Liquids

nvestments Include $450-$550 Million for Bakken NGL Pipeline; Related Expansions of Mid-Continent Fractionator and Overland Pass Pipeline

TULSA, Okla.July 26 /PRNewswire-FirstCall/ -- ONEOK Partners, L.P. (NYSE: OKS) today announced plans to build approximately $595 million to $730 million of natural gas liquids (NGL) projects between now and 2013.  
The preliminary cost estimates for the new projects are:
  • $450 million to $550 million to build a 525- to 615-mile NGL pipeline that will transport unfractionated NGLs from the Bakken Shale in the Williston Basin in North Dakota to the partnership's Overland Pass Pipeline, a 760-mile NGL pipeline extending from southern Wyoming to Conway, Kan.;
  • $35 million to $40 million for related capacity expansions for ONEOK Partners' anticipated 50-percent interest in the Overland Pass Pipeline to transport the additional unfractionated NGL volumes from the new Bakken Pipeline; and
  • $110 million to $140 million to expand the partnership's fractionation capacity at Bushton, Kan., by 60,000 barrels per day to accommodate the additional NGL volumes.  

In aggregate, these projects are expected to generate EBITDA (earnings before interest, taxes, depreciation and amortization) multiples of five to seven times.  The incremental fee-based earnings from these projects are expected to increase distributable cash flow and value to unitholders.
"As producers continue to aggressively develop NGL-rich natural gas production from crude oil-producing wells in the Bakken Shale and Three Forks formations, natural gas liquids takeaway capacity is required," said Terry K. Spencer, ONEOK Partners chief operating officer.
The proposed Bakken Pipeline will initially transport up to 60,000 barrels per day (bpd) of unfractionated NGL production from ONEOK Partners' extensive natural gas gathering and processing assets in the Bakken Shale and from third-party natural gas processing plants south through western North Dakota and eastern Montana to Wyoming, where it will connect to the Overland Pass Pipeline near Cheyenne, Wyo.  The volumes will then be delivered to ONEOK Partners' existing NGL infrastructure in the Mid-Continent.  Additional pump facilities could increase the new pipeline's capacity to 110,000 bpd.  
Supply commitments for the Bakken Pipeline will be anchored by NGL production from ONEOK Partners' natural gas processing plants and from third-party processors, which are in various stages of negotiation.
Following receipt of all necessary permits, construction of the 12-inch diameter pipeline will begin in the second quarter of 2012 and is currently expected to be complete during the first half of 2013.  
The additional raw NGL volumes from the new Bakken Pipeline and other supply sources under development in the Rockies will require an investment of $35 million to $40 million for ONEOK Partners' anticipated 50-percent interest in the Overland Pass Pipeline for additional pump stations and the expansion of existing pump stations, increasing its capacity to the maximum of 255,000 bpd.  
The partnership also will invest $110 million to $140 million to expand and upgrade its existing fractionation capacity atBushton, increasing its capacity up to 210,000 bpd from 150,000 bpd.  The fractionator was expanded to its current capacity inJune 2008.
The Bakken Pipeline project and related expansions follow ONEOK Partners' April 2010 announcement of more than $400 million of new growth projects in the Bakken Shale, including the construction of a new 100 million cubic feet per day natural gas processing facility in eastern McKenzie County in North Dakota – the Garden Creek Plant – that will double the partnership's processing capacity in the region.   ONEOK Partners is the largest independent operator of natural gas gathering and processing facilities in the Bakken Shale region, with a gathering system of more than 3,500 miles.
ONEOK Partners owns a natural gas liquids system in the Mid-Continent and Gulf Coast, which includes fractionators and storage in Mont Belvieu, TexasBushtonConway and Hutchinson, Kan.; and Medford, Okla.  It also owns interstate natural gas liquids distribution pipelines between Conway and Mont Belvieu, and NGL and refined petroleum products distribution pipelines that connect its Mid-Continent NGL infrastructure to Midwest markets, including Chicago.


Anonymous said...

Received $2.5Millions from Padhyip.com
PadHyip.com is a short-term global investments offerring company, just launched in March 2010. We offer two types of plans for you to choose: 3000%-9000% of your deposit after 24 hours or 2000%-6000% of your deposit after 12 hours ! Payouts are sent 7 days a week, even on weekends! You don't need to go to banks or financial institutions to purchase the plans, cause we enable you to purchase it via Liberty Reserve payment system, online and instantly!
The daily profit is solid, and paid to your Liberty Reserve accounts directly 7 days a week, even on weekends! All the payments due will be calculated and transfered to the LR account you deposit from, no withdrawal request required! And usually the payouts reach to your accounts within 24 hours, after your deposits are successfully made!
Together with us, you will find that earning money has never been so easy, because you need to do nothing but invest to our plans, and we do everything remained. Just try us! Check our offers and join!
I deposited $50,000 in padhyip.com and got paid $2.5millions after 12 hours.
That is great hyip . what can I say? see my proof
Payment Proof
Date: 2010-07-27 21:55:40
From/To Account : U5354564 (PadHyip)
Amount : 2,500,000.00
Currency : LRUSD
Batch: 419718xx
Memo : Padhyip.com

More Details

You can check the site paying or not

If you don't get paid from Padhyip.com,please mailto: Keenanused@gmail.com
I will return 200% of your deposit.You have no risk! Because I trusted them
So I can guaranteed. Never loss and No risk.

Anonymous said...

I Received another $2.8 Millions and $1500 Dollar From mesirowfinance.com
Mesirow Finance, Inc is a global investment management company, Developed for creation of a reliable investment program. One of such branches is the trade on global currency they business to analyze the incomes of the contributions and free of risk. We have consistently seen profits from the safest and most secure investments available with good profit. Mesirow Finance, Inc was established to provide a convenient and safe solution for investors wanting regular income from their investments.
Standard Plan 700% For 10 days .
Gold Plan 7000% after 5 days.
Principal Already Return in Profit.
3% Referral Commission System
Start From $500 and Maximum $500,000 Per Day.
Automatic Investment and Withdraw
We give you interest 7000% after 5 days includes your initial deposit for every deposit made.

You can check the payment proof on

Deposit in mesirowfinance.com

It is a great and paying hyip
More Hyips

Anonymous said...

I deposit $80,000 and Received $800,000 in one hour
We belong to The Gleen-Management Company. Our company established in January 2007. Now we have been on the online market.As you

sometimes know about trading currencies might be a difficult to earn from those markets. So we thought our offer shall help you to

easy going on the currency online-investment markets.
Don't be panic to invest with us because of we are professional investors who had many experiences in currencies markets. We

believe in a good management of our team and to bring you're going to your goals!
Investment offers: 3 products Investment Products Amounts(USD) Terms Profits
Junior 250 - 5,000 800% after 12 hours 800%
Senior 5,001 - 50,000 900% After 6 hours 900%
Retirement 50,001 - 250,000 1000% after 1 hour 1000%
Why many people would be one of our company?
1. We are professional investors.
2. 100% of funds get risky free.
3. Don't need to register. That can be safe from hacker.
4. Stable income.
5. Many Experiences in currency markets
I deposit $80,000 and Received $800,000 in one hour
Date : 2010-28-07 15:41:53
Batch : 420106XX
U3657601 (gleenmanagement)
Amount: $800,000.00
Memo: Gleenmanagement.com

If you deposit with my link,I guaranteed your money are 100% safe.

my referral link

You can find the site listed on

100% guaranteed paying No risk No lost.
If you deposit with My Referral link,I will return 20% of your deposit.
If you don't get paid from Gleenmanagement.com,please mailto: DElmoredbou@gmail.com
I will return 200% of your deposit.You have no risk! Because I trusted them , I made more than $7 millions profit in them.
So I can guaranteed. Never loss and No risk.