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Oneok to invest $2.3B in NGL assets; Pa. court OKs Mariner East 2 construction


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Oneok to invest $2.3B in NGL assets; Pa. court OKs Mariner East 2 construction

Oneok to invest $2.3B in new NGL, gas processing infrastructure through 2020

ONEOK Inc. on Feb. 21 committed to building $2.3 billion worth of NGL and gas processing infrastructure, headlined by a $1.36 billion, 530-mile liquids pipeline that would move up to 400,000 barrels per day of mixed gas liquids from the Mid-Continent production areas of Oklahoma to the company's facilities in Mont Belvieu, Texas.

Pa. court rules for Mariner East 2 pipeline project in dispute with township

A Pennsylvania court on Feb. 20 ruled that Sunoco Pipeline LP is allowed to construct its Mariner East 2 NGL pipeline project in West Goshen Township, Pa., as the local government does not have control over the siting of public utility pipelines.

Permian boom's associated gas 'terrifying' for prices through 2025, report says

After the current crop of LNG terminals and ethane crackers is completed in 2020, demand for natural gas will flatten and dry shale gas from plays such as the Marcellus Shale will have to compete against "free" gas associated with oil plays such as Texas' Permian Basin, Sanford C. Bernstein & Co. LLC predicted Feb. 23.

Chesapeake shares soar after Q4 earnings beat Street, execs promise discipline

Shares in Chesapeake Energy Corp. surged as much as 24% in morning trading Feb. 22 after the company's fourth-quarter and full-year 2017 results beat analysts' expectations and executives promised positive cash flows while reducing spending and debt.