ONEOK Partners to Invest In Cana-Woodford Shale Midstream Projects
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ONEOK Partners, L.P., announced plans to invest approximately $340 million to $360 million between now and the first quarter of 2014 to construct a new natural gas gathering and processing plant and related infrastructure in the Cana-Woodford Shale in Oklahoma.
These investments include approximately $190 million for the construction of a new 200 million cubic feet per day (MMcf/d) natural gas processing facility - the Canadian Valley plant - in Canadian County, Okla. - which is expected to be in service first quarter of 2014.
In addition to the investments for the Canadian Valley plant, ONEOK Partners also expects to invest approximately $160 million for expansions and upgrades to its existing natural gas gathering and compression infrastructure, increasing the partnership's capacity to…
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