ONEOK (OKE) completed a 125,000 barrel-per-day natural gas liquids fractionator and the full looping of the West Texas NGL Pipeline system.
The project increased the company's fractionation capacity increased to more than 1 million b/d.
The completion of the pipeline system expands capacity to 515,000 b/d, the company said Wednesday in a statement. Additional pump stations likely to be completed in mid-2025 will increase system capacity to 740,000 b/d.
The fractionator is in Mont Belvieu, Texas.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments