As North Dakota's largest processor of natural gas, ONEOK often serves as an industry bellwether for Williston Basin midstream activity, and with demand surging in 2021, the natural gas liquids (NGL) major was bent on growth. In mid-November, it dusted off its plans for two previously announced natural gas and NGL infrastructure projects, including the Demicks Lake III natural gas processing facility in the Williston Basin and new MB-5 fractionator to handle higher volumes at its Mont Belvieu, Texas, complex.
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