Form 8-K · Current Report · Filed 2024-12-05
ONEOK Announces Completion of Major NGL Fractionation and Pipeline Expansion Projects
On Dec. 4, 2024, ONEOK, Inc. announced the completion of the MB-6 natural gas liquids (NGL) fractionator in Mont Belvieu, Texas, and the full looping of the West Texas NGL Pipeline system. The completion of MB-6 increases the company's fractionation capacity to over 1 million barrels per day, while the pipeline expansion boosts capacity to 515,000 barrels per day, with further increases expected in mid-2025.
- Filer
- Oneok Inc. OKE · NYSE
- Filed
- Accession
- 0001039684-24-000402
- CIK
- 0001039684
- Signal
- Low impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$108.74
Next session
+0.2%
Since filing
-16.5%
Latest close
$90.81
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Precedent
Previous filings from OKE reporting the same item, with the next session's move:
Exhibits (1)
About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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