secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001039684-25-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK and MPLX form JVs to build 400K bpd LPG export terminal and pipeline; total cost $1.75B
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- Joint venture for Texas City LPG export terminal: 50/50 ONEOK/MPLX, 400,000 bpd capacity, total investment ~$1.4B.
- Separate pipeline JV: ONEOK 80%, MPLX 20%; 24-inch line from Mont Belvieu to terminal; total $350M.
- ONEOK's total share of capital investment for both projects is approximately $1.0 billion.
- Terminal expected to be completed early 2028; MPLX to construct/operate; ONEOK to construct/operate pipeline.
- Projects expand ONEOK's NGL value chain with additional export capacity for LEP and normal butane.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000010/0001039684-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000010/oke-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001039684-25-000010

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