TULSA, Okla., Sept. 18, 2012 /PRNewswire/ -- ONEOK Partners, L.P. (NYSE: OKS) today announced that it is holding an open season for its previously announced Bakken Crude Express Pipeline.
The open season process provides potential shippers the opportunity to execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service. The open season will begin Sept. 21, 2012, and conclude Nov. 20, 2012.
The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 barrels per day of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla. Construction of the pipeline is currently expected to begin in early 2014 and be completed by mid-2015.
For information and documents regarding the open season, please visit www.oneokpartners.com/BakkenCrudeExpressPipeline or contact Lisa Nishimuta at 918-588-7730, Lisa.Nishimuta@oneok.com or Tim King at 918-732-1339, Tim.King@oneok.com.For commercial information, please contact Mike Girard at 918-732-1378, Michael.Girard@oneok.com or Dean Lowe at 918-588-7768, Dean.Lowe@oneok.com. ONEOK Partners, L.P. (pronounced ONE-OAK) (NYSE: OKS) is one of the largest publicly traded master limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified energy company, which owns 43.4 percent of the overall partnership interest. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S. Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act, as amended, and Section 21E of the Exchange Act, as amended. The forward-looking statements relate to our proposed construction of the Bakken Crude Express Pipeline and the expected schedule for completion of construction set forth in this news release and any statements related to anticipated financial performance, liquidity, management's plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.