ONEOK Announces Completion of NGL Fractionation and Pipeline Expansion Projects
ONEOK (NYSE: OKE) has announced the completion of two major NGL infrastructure projects. The first is MB-6, a 125,000-barrel per day NGL fractionator in Mont Belvieu, Texas, which increases the company's total fractionation capacity to over 1 million bpd. The second project is the full looping of the West Texas NGL Pipeline system, expanding capacity to 515,000 bpd, with further expansion to 740,000 bpd expected by mid-2025 through additional pump stations.
These strategic expansions enhance ONEOK's ability to serve growing NGL market demand while reducing dependency on third-party fractionation services. The company operates a 50,000-mile pipeline network for transporting natural gas, NGLs, refined products, and crude oil across North America.
ONEOK (NYSE: OKE) ha annunciato il completamento di due importanti progetti infrastrutturali per NGL. Il primo è MB-6, un frazionatore NGL da 125.000 barili al giorno a Mont Belvieu, Texas, che porta la capacità totale di frazionamento dell'azienda a oltre 1 milione bpd. Il secondo progetto riguarda il completo anello del sistema di pipeline NGL del Texas occidentale, aumentando la capacità a 515.000 bpd, con ulteriori espansioni a 740.000 bpd previste entro metà 2025 grazie a nuove stazioni di pompaggio.
Queste espansioni strategiche migliorano la capacità di ONEOK di soddisfare la crescente domanda di mercato per NGL, riducendo al contempo la dipendenza dai servizi di frazionamento di terze parti. L'azienda opera una rete di pipeline di 50.000 miglia per il trasporto di gas naturale, NGL, prodotti raffinati e petrolio greggio in tutta l'America del Nord.
ONEOK (NYSE: OKE) ha anunciado la finalización de dos importantes proyectos de infraestructura NGL. El primero es MB-6, un fraccionador NGL de 125,000 barriles por día en Mont Belvieu, Texas, que aumenta la capacidad total de fraccionamiento de la empresa a más de 1 millón de bpd. El segundo proyecto es el bucle completo del sistema de tuberías NGL de Texas Occidental, ampliando la capacidad a 515,000 bpd, con una futura expansión a 740,000 bpd esperada para mediados de 2025 a través de nuevas estaciones de bombeo.
Estas expansiones estratégicas mejoran la capacidad de ONEOK para satisfacer la creciente demanda del mercado de NGL, al tiempo que reducen la dependencia de los servicios de fraccionamiento de terceros. La empresa opera una red de tuberías de 50,000 millas para el transporte de gas natural, NGL, productos refinados y petróleo crudo por toda América del Norte.
ONEOK (NYSE: OKE)는 두 가지 주요 NGL 인프라 프로젝트의 완료를 발표했습니다. 첫 번째는 텍사스 몬트 벨뷰에 있는 하루 125,000 배럴의 NGL 분별기인 MB-6으로, 회사의 총 분별 용량을 100만 bpd 이상으로 늘립니다. 두 번째 프로젝트는 서부 텍사스 NGL 파이프라인 시스템의 전면 루핑으로, 용량이 515,000 bpd로 확대되며, 추가 펌프 스테이션을 통해 2025년 중반까지 740,000 bpd로 확장될 예정입니다.
이러한 전략적 확장은 ONEOK의 NGL 시장 수요 및 서비스 능력을 높이면서 타사 분별 서비스 의존도를 줄입니다. 이 회사는 북미 전역에서 천연가스, NGL, 정제 제품 및 원유를 운송하기 위해 50,000마일의 파이프라인 네트워크를 운영하고 있습니다.
ONEOK (NYSE: OKE) a annoncé l'achèvement de deux projets d'infrastructure majeurs pour les NGL. Le premier est MB-6, un fractionneur NGL de 125 000 barils par jour à Mont Belvieu, Texas, qui porte la capacité totale de fractionnement de l'entreprise à plus de 1 million de bpd. Le deuxième projet est la boucle complète du système de pipeline NGL du Texas occidental, augmentant la capacité à 515 000 bpd, avec une future expansion à 740 000 bpd prévue d'ici la mi-2025 grâce à des stations de pompage supplémentaires.
Ces expansions stratégiques renforcent la capacité de ONEOK à répondre à la demande croissante du marché des NGL tout en réduisant la dépendance aux services de fractionnement tiers. L'entreprise exploite un réseau de pipelines de 50 000 miles pour le transport de gaz naturel, de NGL, de produits raffinés et de pétrole brut à travers l'Amérique du Nord.
ONEOK (NYSE: OKE) hat den Abschluss von zwei wichtigen NGL-Infrastrukturprojekten bekannt gegeben. Das erste ist MB-6, ein Fraktionierer für NGL mit einer Kapazität von 125.000 Barrel pro Tag in Mont Belvieu, Texas, der die gesamte Fraktionskapazität des Unternehmens auf über 1 Million bpd erhöht. Das zweite Projekt ist die vollständige Umgehung des West Texas NGL-Pipeline-Systems, wodurch die Kapazität auf 515.000 bpd erhöht wird, mit einer weiteren Erhöhung auf 740.000 bpd, die bis Mitte 2025 durch zusätzliche Pumpstationen erwartet wird.
Diese strategischen Erweiterungen verbessern die Fähigkeit von ONEOK, der wachsenden Marktnachfrage nach NGL gerecht zu werden und gleichzeitig die Abhängigkeit von Fraktionsdienstleistungen Dritter zu verringern. Das Unternehmen betreibt ein 50.000 Meilen langes Pipeline-Netzwerk zum Transport von Erdgas, NGL, veredelte Produkte und Rohöl in ganz Nordamerika.
- Completion of MB-6 fractionator adds 125,000 bpd capacity
- Total fractionation capacity now exceeds 1 million bpd
- West Texas NGL Pipeline capacity increased to 515,000 bpd
- Further pipeline capacity expansion to 740,000 bpd planned for mid-2025
- Reduced dependency on third-party fractionation services
- None.
Insights
The completion of MB-6 fractionator and West Texas NGL Pipeline expansion marks a significant operational milestone for ONEOK. The 125,000 bpd capacity addition from MB-6 pushes ONEOK's total fractionation capacity beyond 1 million bpd, representing a substantial increase in processing capabilities. This expansion reduces dependency on third-party facilities, potentially improving margins and operational control.
The West Texas NGL Pipeline system's capacity increase to 515,000 bpd, with further expansion to 740,000 bpd planned by mid-2025, positions ONEOK strategically in the growing Permian Basin. This infrastructure enhancement strengthens ONEOK's competitive position in a critical production region and should drive incremental revenue through increased throughput volumes.
These expansions are particularly timely given the growing NGL production in key basins and rising global demand for NGL products. The vertical integration of transportation and fractionation capabilities creates operational synergies and enhances ONEOK's ability to capture value across the midstream value chain.
Includes MB-6 NGL Fractionator and Full Looping of the West Texas NGL Pipeline
The completion of MB-6 increases the company's fractionation capacity to more than 1 million bpd, reducing the need for third-party fractionation and enhancing ONEOK's ability to serve growing NGL market demand.
Completion of the full looping of the West Texas NGL Pipeline system expands the capacity to 515,000 bpd. Additional pump stations, which are expected to be completed in mid-2025, will further increase system capacity to 740,000 bpd.
"The completion of these important NGL projects demonstrates our dedication to meeting the needs of our customers by providing reliable midstream solutions," said Pierce H. Norton II, ONEOK president and chief executive officer. "These strategic expansions provide critical NGL transportation and fractionation capacity, supporting NGL growth across our integrated operations."
At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in
ONEOK is an S&P 500 company headquartered in
For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.
Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our anticipated financial performance (including projected capital expenditures and cash flow), liquidity, management's plans and objectives for our future growth projects (including dates for expected completion of growth projects) and other future operations, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws.
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," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "might," "outlook," "plan," "potential," "project," "scheduled," "should," "will," "would" and other words and terms of similar meaning.
One 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, including, without
limitation, ONEOK being unable to achieve the anticipated benefits of the transaction. 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 most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, 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.
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Media Contact:
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SOURCE ONEOK, Inc.
FAQ
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