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BISMARCK, N.D. (AP) -- An Oklahoma energy company says it plans to build another factory in western North Dakota capable of processing 200 million cubic feet of natural gas daily.
Tulsa-based Oneok Inc. and Gov. Jack Dalrymple announced the more than $605 million project on Wednesday. The company says the Demicks Lake factory in northeast McKenzie County is expected to be completed in 2016.
The factory would be the seventh the company is operating or building in North Dakota. Oneok says the factory will bring its total investment in North Dakota to about $4 billion.
About a third of the state's natural gas is burned off in a process called flaring and wasted due to lack of infrastructure.
Dalrymple and Oneok officials say the new plant will help curb flaring in the state.
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Oneok Inc.
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CODE : OKE |
ISIN : US6826801036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oneok Inc. is based in United states of america. Oneok Inc. is listed in Germany and in United States of America. Its market capitalisation is US$ 32.7 billions as of today (€ 30.7 billions). Its stock quote reached its lowest recent point on May 04, 1990 at US$ 1.43, and its highest recent level on April 19, 2024 at US$ 79.63. Oneok Inc. has 410 634 227 shares outstanding. |