ONEOK Inc. announced today that the West Texas LPG Pipeline LP, a joint venture between ONEOK and Martin Midstream Partners LP, has planned to make investments of approx $200 million to expand it's natural gas liquids system into the Delaware Basin.
This project (part of the larger Permian Basin) is expected to be completed in Q3 2018.
The Delaware Basin extension (part of the Permian Basin - the largest crude oil and natural gas producing basin in the U.S.) includes the construction of an approximately 120-mile, 16-inch pipeline that will have an initial capacity of 110,000 barrels per day as well as two new pump stations and pipeline looping along the existing West Texas LPG system.
About the Delaware Basin:
The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico, famous for holding large oil fields and for a fossilized reef exposed at the surface. Guadalupe Mountains National Park and Carlsbad Caverns National Park protect part of the basin.
It is part of the larger Permian Basin, itself contained within the Mid-Continent oil province.
Originally founded in 1906 as an intrastate natural gas pipeline business in Oklahoma, today ONEOK is one of the nation’s premier energy companies involved in the natural gas and natural gas liquids businesses. Its business segments provide safe, reliable energy and services to their diverse customers.
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