Oneok, Inc. (NYSE: OKE) has recently completed significant natural gas liquids (NGL) fractionation and pipeline expansion projects. The completion of MB-6, a 125,000-barrel per day (bpd) NGL fractionator in Mont Belvieu, Texas, has increased the company’s fractionation capacity to over 1 million bpd. This effectively reduces the need for third-party fractionation and enhances Oneok’s ability to serve the growing NGL market demand.
Additionally, the full looping of the West Texas NGL pipeline system has expanded its capacity to 515,000 bpd. Further capacity expansion is expected with the completion of additional pump stations in mid-2025, increasing the system capacity to 740,000 bpd.
These strategic expansions provide critical NGL transportation and fractionation capacity, supporting NGL growth across Oneok’s integrated operations. Pierce H. Norton II, President and CEO of Oneok, highlighted the company's dedication to meeting the needs of customers by providing reliable midstream solutions.
As a leading midstream operator, Oneok delivers energy products and services vital to an advancing world. The company's more than 50,000-mile pipeline network transports natural gas, NGLs, refined products, and crude oil, contributing to energy security and providing safe, reliable, and responsible energy solutions.
Oneok is an S&P 500 company headquartered in Tulsa, Oklahoma, and is one of the largest diversified energy infrastructure companies in North America. As a result of these announcements, the company's shares have moved -1.6% on the market, and are now trading at a price of $108.31. For the full picture, make sure to review ONEOK's 8-K report.
