Midstream - Pipelines | Midstream - Gas Gathering
ONEOK, STACK and SCOOP Activity Drives Gathering & Processing Projects
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ONEOK, Inc. announced 2017 financial and volume guidance.
"Lower breakeven economics are driving increased producer activity in the STACK and SCOOP plays in Oklahoma, and the Williston and Permian basins, which is expected to benefit all three of our business segments," continued Spencer. "We anticipate NGL volume growth over the coming year as six new third-party natural gas processing plants are connected to our natural gas liquids system and as we begin to see benefits from increased ethane recovery, with systemwide ethane rejection dropping to approximately 120,000 to 140,000 barrels per day in late 2017," said Spencer. "Available NGL gathering capacity between the Mid-Continent and Gulf Coast also provides valuable service for producers in the STACK and SCOOP.
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