ONEOK Partners, L.P. (OKS) announced that it is holding an open season for its previously announced Bakken Natural Gas Liquids (NGL) Pipeline.
The Bakken NGL Pipeline is an approximately 600-mile pipeline that will transport unfractionated NGLs from the Bakken Shale in the Williston Basin to an interconnection with the partnership's 50 percent-owned Overland Pass Pipeline in northern Colorado. The Bakken NGL Pipeline is currently under construction and is expected to be in service during the first quarter of 2013.
Additionally, the partnership announced plans in July 2012 to expand the pipeline's capacity by installing additional pump stations. This expansion is expected to be completed in the third quarter of 2014. The open season process provides potential shippers the opportunity to make volume commitments and execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service on both the initial and expanded pipeline capacities. The open season will begin Nov. 19, 2012, and conclude Dec. 17, 2012.
Separately, the partnership announced on Sept. 18, 2012, that it is holding an open season for its previously announced Bakken Crude Express Pipeline, a 1,300-mile crude-oil pipeline with the initial capacity to transport 200,000 barrels per day of light-sweet crude oil from the Bakken Shale in the Williston Basin in North Dakota to the Cushing, Okla., crude-oil market hub. The open season began on Sept. 21, 2012, and concludes Nov. 20, 2012.