Title : The Bakken -- It Simply Never Quite -- September 27, 2018
link : The Bakken -- It Simply Never Quite -- September 27, 2018
The Bakken -- It Simply Never Quite -- September 27, 2018
This was recently posted, but I missed a small but interesting point. When ONEOK announced it was going to build yet another natural gas processing plant, I was unaware that they had not yet completed the one they are currently building, Demicks Lake 1. From The Bismarck Tribune:A company that’s constructing a new natural gas processing plant in the core of the Bakken announced plans this week for a second plant, doubling the size of the project.Oneok plans to construct Demicks Lake II in McKenzie County, adding 200 million cubic feet per day of processing capacity.
Demicks Lake I, which also will have a capacity of 200 million cubic feet per day, is under construction but expected to reach capacity soon after it’s complete, Terry Spencer, Oneok president and CEO, said in a news release.
That increased the need for the Demicks Lake II plant, a $410 million project.
I think this simply incredible. It's a big story that yet another natural gas plant is being built, but to learn that it would be oversubscribed as soon as it was completed, and would necessitate expansion or another processing plant altogether.
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