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8:36 am
Tue October 5, 2010

Oneok Expansion

Tulsa, OK – Oneok plans to invest more than $300M in projects

TULSA, Okla. (AP) Oneok Partners LP says it plans to invest between $300 million and $355 million by the end of 2012 in projects in the Bakken Shale in North Dakota.

The Tulsa-based company says the investments will include spending between $180 million and $205 million to build a natural gas processing facility in western Williams County in North Dakota and related natural gas liquids infrastructure.

Oneok says what will be known as the Stateline I plant should be in service during the third quarter of 2012.

The company also says it will invest between $70 million and $90 million for expansions and upgrades to its existing gathering and compression infrastructure. Plans also call for $50 million to $60 million to be spent in 2011 and 2012 on new well connections adjacent to the Stateline I facility.

Copyright 2010 The Associated Press.