July 19, 2024 [Storage Terminals Magazine]- ONEOK, Inc. announced plans to expand its pipeline capacity to connect Mid-Continent and Gulf Coast refined products supply with the greater Denver area, addressing the growing demand and enhancing connectivity with Denver International Airport.
The project included constructing a new 230-mile, 16-inch diameter pipeline from Scott City, Kansas, to DIA, and upgrading certain pump stations along the existing refined products pipeline system. The total system capacity was set to increase by 35,000 barrels per day with additional expansion capabilities. The project, estimated to cost approximately $480 million, was expected to be completed by mid-2026.
Following the close of an open season earlier this year, the project was fully subscribed under long-term contracts.
Pierce H. Norton II, ONEOK president and chief executive officer, stated, “ONEOK is uniquely positioned to help meet the growing demand for refined products and renewable fuels across the greater Denver area of Colorado. This project will provide additional needed capacity for various transportation fuels, including aviation and sustainable aviation fuel, to support increasing demand from the expansion of Denver International Airport.”
Norton added, “This announcement is another example of the attractive-return growth opportunities ahead of us following the acquisition of our refined products and crude oil businesses. We remain focused on addressing growing energy demand while maintaining our commitment to safe and reliable operations.”
ONEOK, headquartered in Tulsa, Oklahoma, is a leading midstream operator providing gathering, processing, fractionation, transportation, and storage services. Its extensive pipeline network of over 50,000 miles transports natural gas, natural gas liquid, refined products, and crude oil to meet domestic and international energy demands, contributing to energy security and providing reliable energy solutions. As one of North America’s largest diversified energy infrastructure companies, ONEOK continues to deliver energy that makes a difference in the lives of people in the US and around the world.
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Tank terminals: 82. Petroleum refineries: 1. Gas Storage Terminals: 2.
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