ONEOK Announces Refined Products Pipeline Expansion To The Greater Denver Area; Project Expected To Cost About $480M And Be Completed In Mid-2026; Total System Capacity To Rise By 35,000 Barrels/Day, Will Have Additional Expansion Capabilities
Portfolio Pulse from Benzinga Newsdesk
ONEOK has announced a $480 million project to expand its refined products pipeline to the Greater Denver Area. The project is expected to be completed by mid-2026 and will increase the total system capacity by 35,000 barrels per day, with additional expansion capabilities.
July 18, 2024 | 8:46 pm
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ONEOK's $480 million pipeline expansion project to the Greater Denver Area is expected to increase system capacity by 35,000 barrels per day by mid-2026, potentially boosting future revenues.
The expansion project represents a significant investment by ONEOK and is likely to increase the company's capacity and future revenues. The market may react positively to this long-term growth potential.
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