ONEOK Inc (New) (OKE) Q4 2019 Earnings Call Transcript

ONEOK Inc (New) (OKE) Q4 2019 Earnings Call Transcript

Our first speaker this morning is Terry Spencer, President and Chief Executive Officer.. Joining me on today's call is Walt Hulse, Chief Financial Officer and Executive Vice President, Strategic Planning and Corporate Affairs; and Kevin Burdick, Executive Vice President and Chief Operating Officer.. Also available to answer your questions are Sheridan Swords, Senior Vice President, Natural Gas liquids; and Chuck Kelley, Senior Vice President, Natural Gas.. We also announced three expansion projects that will further strengthen ONEOK's position in the Williston and Permian Basins, and increase the needed natural gas processing and NGL transportation capacity for our customers.. The projects include the Demicks Lake III plant in the Williston Basin, the full expansion of the Elk Creek pipeline to 400,000 barrels per day and the fourth expansion of the West Texas LPG pipeline since October 2017.. Our growth program is providing critical natural gas and NGL infrastructure to our customers, including assets to help significantly reduce natural gas flaring in the Williston Basin and provide increased connectivity all the way to the Texas Gulf Coast.. As for project updates, we announced that Elk Creek was completed in mid-December, Demicks Lake I and II were completed in October 2019 and January