other material
confidence high
sentiment positive
materiality 0.65
ONEOK announces $480M refined products pipeline expansion to Denver area, mid-2026 completion
ONEOK INC /NEW/
- New 230-mile, 16-inch pipeline from Scott City, KS to Denver International Airport, plus pump station upgrades.
- Capacity increase of 35,000 bpd, fully subscribed under long-term contracts after open season.
- Project cost ~$480 million, expected completion mid-2026; supports growing demand for transportation fuels and sustainable aviation fuel.
- CEO Pierce Norton cites attractive-return growth following acquisition of refined products and crude oil businesses.