ONEOK Invests ＄440 Million to Fund NGL Assets in Wyoming's Powder River Basin

摘要

Tulsa, Okla.-based ONEOK Partners LP announced on Aug. 26 that it will invest approximately $440 million in the Powder River Basin in Wyoming. The company will purchase a 50-mil-lion cubic feet per day (MMcf/d) natural gas processing facility — the Sage Creek plant and related natural gas gathering and natural gas liquids (NGL) infrastructure — in western Converse and Campbell counties, Wyo., for $305 million from an undisclosed seller. The remaining $135 million will go toward upgrading and constructing natural gas gathering and processing related infrastructure, NGL gathering pipelines and well connections in the area.