ONEOK's Saguaro Connector Pipeline Files Permit Application for Proposed Natural Gas Border-Crossing Facilities at the U.S. and Mexico Border
ONEOK, Inc. (NYSE: OKE) announced the submission of a Presidential Permit application to FERC for the construction of the Saguaro Connector Pipeline. This pipeline aims to transport natural gas from the Permian Basin in West Texas to Mexico, enhancing export capabilities. The proposed 155-mile line will have a capacity of 2.8 billion cubic feet per day, linking with facilities in Hudspeth County, Texas, and a new pipeline in Mexico. A final investment decision is anticipated by mid-2023, indicating significant potential for increased revenue and market reach.
- Filed a Presidential Permit application for the Saguaro Connector Pipeline, enhancing market access.
- Projected capacity of 2.8 billion cubic feet per day could drive significant revenue increases.
- Potential to connect with new international pipeline infrastructure in Mexico.
- None.
Required Permit Filing for Potential Intrastate Natural Gas Pipeline
Connecting Permian Basin Production to International Markets
TULSA, Okla., Dec. 20, 2022 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that its Saguaro Connector Pipeline subsidiary has filed a Presidential Permit application with the Federal Energy Regulatory Commission (FERC) to construct and operate facilities for the exportation of natural gas at a new international border-crossing at the U.S. and Mexico border in Hudspeth County, Texas.
The proposed border facilities would connect upstream with a potential intrastate natural gas pipeline, the Saguaro Connector Pipeline, which would be designed to transport natural gas from ONEOK's existing WesTex intrastate natural gas pipeline system in the Permian Basin in West Texas to Mexico. Additionally, the proposed border facilities would connect at the International Boundary with a new pipeline under development in Mexico for delivery to an export facility on the West Coast of Mexico.
The potential Saguaro Connector Pipeline would consist of approximately 155 miles of 48-inch-diameter natural gas pipeline originating at the Waha Hub in Pecos County, Texas. The ultimate design capacity of the potential pipeline would be approximately 2.8 billion cubic feet per day. Final investment decision on the potential pipeline is expected by mid-2023.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.
ONEOK is a FORTUNE 500 company and is included in the S&P 500.
For information about ONEOK, visit the website: www.oneok.com.
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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 levels of quarterly and annual dividends), liquidity, 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," "plan," "potential," "project," "proposed," "scheduled," "should," "will," "would" and other words and terms of similar meaning.
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Analyst Contact: | Andrew Ziola |
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Media Contact: | Annell Morrow |
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SOURCE ONEOK, Inc.
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