6 days ago
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
Aug 5 (Reuters) - Midstream company ONEOK (OKE.N), opens new tab said on Tuesday it has made a final investment decision to build a new natural gas processing plant in the Delaware Basin, aiming to grow its footprint in the top U.S. shale field as gas volumes surge.
The Big Horn plant will have a capacity to process 300 million cubic feet per day of natural gas and treat high-carbon dioxide gas, the company said on its post-earnings call.
The facility and associated treater are expected to cost about $365 million and begin service in mid-2027.
