ONEOK Partners Announces Open Season for Bakken NGL Pipeline

abarrelfullabarrelfull wrote on 14 Nov 2012 20:49
Tags: bakken n-america ngl oneok pipeline usa


ONEOK Partners, L.P. (NYSE: OKS) today announced that it is holding an open season for its previously announced Bakken Natural Gas Liquids (NGL) Pipeline.

The Bakken NGL Pipeline is an approximately 600-mile pipeline that will transport unfractionated NGLs from the Bakken Shale in the Williston Basin to an interconnection with the partnership's 50 percent-owned Overland Pass Pipeline in northern Colorado. The Bakken NGL Pipeline is currently under construction and is expected to be in service during the first quarter of 2013.

Additionally, the partnership announced plans in July 2012 to expand the pipeline's capacity by installing additional pump stations. This expansion is expected to be completed in the third quarter of 2014.

The open season process provides potential shippers the opportunity to make volume commitments and execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service on both the initial and expanded pipeline capacities. The open season will begin Nov. 19, 2012, and conclude Dec. 17, 2012.


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