ONEOK Looks Forward to Major Natural Gas, LPG Pipeline and Processing Plant Completions After Strong Quarter
ONEOK Partners LP (NYSE:OKS) (Tulsa, Oklahoma), a leading diversified energy company, outpaced many of its competitors when it reported strong revenue and earnings growth in second-quarter 2016, based on higher transportation revenues in the natural gas pipelines segment and natural gas volume growth in the Williston Basin, among other factors. Industrial Info's project database is tracking $907.65 million in ONEOK projects that span the Oil & Gas Production, Pipelines and Terminals industries.
"ONEOK continues to benefit from natural gas and natural gas liquids volume growth across all three ONEOK Partners business segments year over year," said Terry K. Spencer, president and chief executive officer of ONEOK, in a press release accompanying the quarterly earnings conference call. "The natural gas liquids segment continues to be a key driver of fee-based growth for the partnership."
ONEOK's highest-valued project under construction is a major portion of a closely watched gas transmission pipeline project, which runs from west Texas to Mexico. Its largest upstream project is a cryogenic natural gas processing plant in North Dakota.
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