Oklahoma News at a Glance: ONEOK Partners Invests In SCOOP

Tulsa, Okla.-based ONEOK Partners LP (NYSE: OKS) will invest between $365 million and $470 million to construct a new 200 million cubic feet per day (MMcf/d) natural gas processing facility and related infrastructure for the emerging South Central Oklahoma Oil Province (SCOOP).

The new facility, called the Knox Plant, and related infrastructure, including natural gas gathering pipelines and natural gas compression, will be located in Grady and Stephens counties in Oklahoma.

“The Knox plant in Oklahoma will increase our presence in the growing SCOOP play and increase our Oklahoma natural gas processing capacity to approximately 900 MMcf/d,” said Terry K. Spencer, president and chief executive officer, ONEOK Partners. “This new plant will accommodate increased production of liquids-rich natural gas in the SCOOP play where we have substantial acreage dedications from active producers and will be located in close proximity to the partnership’s existing natural gas and natural gas liquids pipelines.”

The company expects to complete the project by the end of 2016.

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