Oneok is planning to spend $605 million to $785 million to build a natural gas processing plant and related infrastructure in McKenzie County, N.D., the company announced Wednesday. The new Demicks Lake plant will process up to 200 million cubic feet per day of natural gas from the Williston Basin in the Bakken shale. Oneok will also build additional natural gas compression to take advantage of additional processing capacity at its planned Garden Creek and Stateline plants and 12 miles of natural gas liquids pipeline.
Oneok has been aggressive in building out gas processing capacity in the Williston Basin in recent years. Since 2010, Oneok has either built or is building seven new processing plants in the area. Oneok expects to increase its processing capacity tenfold by 2016.
