Oneok targets to connect 700 wells across Williston shale basin in US this year

US based gas firm Oneok has already connected over 560 wells in the Williston shale basin in the state of North Dakota this year and intends to connect 700 by the year end.

Oneok CEO Terry Spencer was cited by Reuters as saying that the firm has connected more than 260 new wells in the second quarter itself and is on track to fulfil its target for the year.

In 2016, the company has set a target to connect over 600 additional wells.

Oneok Partners is responsible for gathering, processing, storage and transportation of natural gas for the parent company Oneok in the country.

Spencer said: "There continues to be an inventory of flared gas in the Williston basin and we estimate approximately 145 million cubic feet per day is dedicated to the partnership, with the majority of the wells flaring already connected to our system."

The firm’s land assets in northeast McKenzie, northern Dunn and southern Williams Counties includes nearly 40 rigs located in the shale basin, which are presently being drilled.

Besides that, over 900 incomplete wells, which have already been drilled, are located in the basin.

Spencer said: "We expect Williston Basin volume in the third quarter to reach approximately 650 million cubic feet per day as we continue to bring on additional field infrastructure."