ONEOK has made adjustments for planned capital expenditures and is suspending the following announced expansion projects:
- The 100,000 barrel per day (bpd) additional expansion of the West Texas LPG pipeline in the Permian Basin; and
- The 200 million cubic feet per day (MMcf/d) expansion of the Demicks Lake natural gas processing facility, the Demicks Lake III project and related infrastructure in the Williston Basin.
- Additionally, the scope of the Elk Creek Pipeline expansion will be reduced, with the ability to add pump stations incrementally to meet customer needs as necessary.
"The planning and work we have already completed allow us to quickly resume these suspended capital-growth projects when the environment improves and our customers require these services," said Terry K. Spencer, President of Oneok.
"We will remain focused on operating our assets safely, reliably and environmentally responsibly," continued Spencer. "We have uniquely positioned strategic assets and a long, rich history of our dedicated and experienced employees providing quality service to and creating value for our customers, communities and shareholders."
