financetom
Business
financetom
/
Business
/
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
Aug 5, 2025 8:52 AM

Aug 5 (Reuters) - Midstream company ONEOK ( OKE ) said

on Tuesday it has made a final investment decision to build a

new natural gas processing plant in the Delaware Basin, aiming

to grow its footprint in the top U.S. shale field as gas volumes

surge.

The Big Horn plant will have a capacity to process 300

million cubic feet per day of natural gas and treat high-carbon

dioxide gas, the company said on its post-earnings call.

The facility and associated treater are expected to cost

about $365 million and begin service in mid-2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Reddit prices IPO at top of indicated range to raise $748 million
Reddit prices IPO at top of indicated range to raise $748 million
Mar 20, 2024
March 20 (Reuters) - Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost. Reddit and its existing shareholders sold 22 million shares at $34 a share, giving Reddit a valuation of about...
KKR to buy majority stake in solar developer Avantus
KKR to buy majority stake in solar developer Avantus
Mar 20, 2024
March 20 (Reuters) - KKR said on Wednesday it would buy a majority stake in Avantus, a U.S. developer of large utility-scale solar and solar-plus-storage projects. The private equity firm, alongside Avantus' existing investor EIG, expects to invest at least $1 billion in the company. The solar developer could see growth in demand on expectations for lower interest rates this...
US FAA relocating control of Newark, NJ, airspace to reduce congestion
US FAA relocating control of Newark, NJ, airspace to reduce congestion
Mar 20, 2024
WASHINGTON (Reuters) - The U.S. Federal Aviation Administration said on Wednesday it will relocate control of the Newark, New Jersey, airspace area to Philadelphia to address staffing issues and congested traffic in the New York City area. The announcement comes ahead of what could be a record summer travel season. Airlines this week forecast record travel this spring. The FAA,...
CERAWEEK-Alaska's governor calls on Biden to update mine permit process
CERAWEEK-Alaska's governor calls on Biden to update mine permit process
Mar 20, 2024
HOUSTON, March 20 (Reuters) - Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the U.S. mine permitting process in order to boost domestic production of critical minerals and reduce dependence on foreign nations. The push echoes calls from the mining industry for clarity on how permits can be obtained for mines that produce...
Copyright 2023-2026 - www.financetom.com All Rights Reserved