On October 23, 2017 Martin Midstream Partners (ticker: MMLP) and ONEOK (ticker: OKE) announced that the West Texas LPG Pipeline Limited Partnership joint venture (which MMLP owns 20% interest and OKE owns 80%) plans to invest approximately $200 million to expand its natural gas liquid (NGL) system into the Delaware basin.

The expansion plans call for the new capacity to be in service by the third quarter of 2018, supported by long-term volume dedications estimated to be up to 40,000 barrels per day.

The extension of the pipeline in the Delaware basin will include the construction of an approximately 120-mile, 16-inch pipeline later with an initial capacity of 110,000 barrels per day. Also, two new pump stations will be constructed and pipeline looping along the existing West Texas LPG system.

The West Texas LPG pipeline system is an interstate NGL pipeline system that consists of approximately 2,600 miles of NGL pipeline in Texas and New Mexico. The system provides transportation services to the Mont Belvieu market center from nearly 40 third-party natural gas processing plants in the Permian.

Martin Midstream was formed in 2002 and today offers natural gas services, sulfur, marine transportation, terminalling and storage.

Source: ONEOK


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