NEW YORK Aug 6 ONEOK Partners LP said
on Wednesday that it was committed to reducing natural gas
flaring in North Dakota as part of the state's new restrictions
through new processing projects and additional capacity coming
The industry goal is to reduce the amount of gas flared to
10 percent by 2020 in North Dakota, which is the No. 2 producer
of oil after Texas and is responsible for a third of all flared
gas in the United States, according to the Energy Information
"We remain committed to being part of the solution to reduce
natural gas flaring in North Dakota as we continue to invest in
critical natural gas and NGL (natural gas liquid)
infrastructure," Terry K. Spencer, president and chief executive
officer of ONEOK, told investors in a call.
Last week, the Tulsa, Oklahoma-based company announced plans
to invest $605 million to $785 million to construct a new
200-million cubic feet per day natural gas processing facility
at Demicks Lake as well as related infrastructure. The company
said that at the completion of the projects by the third quarter
of 2016, natural gas processing capacity in the region will
increase to 1.1 billion cubic feet per day.
The company added in the call on Wednesday that it expects
to announce additional processing capacity in the Williston
Basin by year end pending Board approval.
(Reporting By Catherine Ngai)