OKE · 10-Q · 2026Q2 · Full report

Manufacturing Capacity Expansion

ONEOK INC /NEW/ · 2026-08-04 · Importance 40 · Surprise 42 · In source text

ONEOK is expanding processing, fractionation, export, pipeline and refined-products transportation capacity across its U.S. network. Major projects include the $365 million Bighorn plant in the Permian Basin, the $485 million Medford fractionator rebuild in Oklahoma, and the $700 million Texas City Logistics LPG export terminal in Texas. The company is also developing the $280 million MBTC Pipeline, the $350 million Eiger Express Pipeline from the Permian Basin to Katy, Texas, and a $480 million Greater Denver pipeline expansion that will add 35 MBbl/d of system capacity. A relocated 150 MMcf/d processing plant entered service in the Permian Basin during the first quarter of 2026, and natural gas transportation capacity contracted increased to 7,735 MDth/d in the second quarter from 7,206 MDth/d a year earlier due to expansion projects and increased contracted volumes.

Key facts

• In our Natural Gas Gathering and Processing segment, we completed the relocation of a 150 MMcf/d processing plant to the Permian Basin from North Texas, which went into service in the first quarter of 2026. source
• Medford fractionator project expected to be completed in two phases: first phase 100 MBbl/d completed in the fourth quarter of 2026; second phase 110 MBbl/d completed in the first quarter of 2027. source
• ONEOK relies on others to construct and/or operate certain joint-venture assets and to provide other services. source

Impact estimates