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Tag Archives: Terry Spencer

Oneok to connect 700 Bakken gas wells by year’s end

Last week Oklahoma-based natural gas company Oneok reported that it was on schedule to connect over 700 wells in the Williston Basin by the end of this year, and more than 600 next year. As reported by Reuters, Oneok Partners CEO Terry Spencer said the company has already connected more than 260 new wells in the Bakken region during the ...

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ONEOK reports increased profits, decreased spending

Oklahoma-based energy company ONEOK Partners reports that its fourth quarter net income was up year-on-year, but the weak global market climate has caused a cut in planned spending, according to United Press International. During the last half of 2014, the company had planned to add natural gas infrastructure to its operations in North Dakota’s Bakken formation. Currently, the majority of ...

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ONEOK takes over NGL in Permian

ONEOK building

Today, ONEOK Partners has announced it will purchase pipelines used for transporting natural gas liquids (NGL) and other assets from Chevron Corp. for $800 million. The deal will give ONEOK a total of 2,600 miles of gathering NGL pipelines from the Permian Basin to Mont Belvieu, which is the NGL processing plant east of Houston, Texas.  ONEOK will own an ...

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