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Oneok Partners on Eiger Express Pipeline to Boost Natural Gas Infrastructure

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Cashu
2 days ago
Cashu TLDR
  • Oneok partners with WhiteWater and others to develop the Eiger Express Pipeline, enhancing natural gas infrastructure.
  • The Eiger Express Pipeline will transport up to 2.5 Bcf/d of natural gas from West Texas to Katy.
  • Oneok holds a 15% stake in the Eiger Express Pipeline, reflecting its commitment to expanding natural gas investments.

OneOK Joins Forces in Landmark Pipeline Project to Enhance Natural Gas Infrastructure

In a significant development for the natural gas sector, Oneok, Inc. partners with WhiteWater, MPLX LP, and Enbridge Inc. to advance the construction of the Eiger Express Pipeline through the Matterhorn joint venture. Announced on August 25, 2025, the Eiger Express Pipeline is set to transport up to 2.5 billion cubic feet per day (Bcf/d) of natural gas across approximately 450 miles from the Permian Basin in West Texas to the Katy area. This project underscores the growing demand for natural gas and the importance of robust infrastructure to facilitate its distribution.

The Eiger Express Pipeline aims to connect various gas sources within the Permian Basin, including key gas processing facilities located in the Midland and Delaware Basins. This extensive pipeline project will benefit from the support of the Agua Blanca Pipeline, another joint venture involving WhiteWater, Enbridge, and MPLX. The Matterhorn joint venture holds a 70% ownership stake in the Eiger Express Pipeline, while Oneok and MPLX are each set to hold 15%, translating to direct ownership interests of approximately 25.5% and 22%, respectively. WhiteWater will take on the responsibility of constructing and operating the pipeline, with an expected service date in mid-2028, contingent upon regulatory approvals.

The Matterhorn joint venture, predominantly owned by WhiteWater, focuses on developing long-haul natural gas pipelines that link the abundant resources of the Permian Basin to both Gulf Coast and LNG export markets. The strategic collaboration among these industry players reflects a concerted effort to enhance natural gas supply chains and meet escalating energy demands. The backing of private equity funds like I Squared Capital, which manages $45 billion in assets globally, further solidifies the financial foundation necessary for this ambitious infrastructure undertaking.

In parallel with this project, Oneok continues to explore opportunities for growth within the natural gas sector, reflecting a broader trend of increased investment in energy infrastructure. This move is crucial as the industry adapts to evolving market dynamics and strives to secure sustainable energy sources for the future.

As the Eiger Express Pipeline project progresses, it marks a pivotal moment for Oneok and its partners, who are poised to play a critical role in shaping the future landscape of natural gas transportation and accessibility across the United States.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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