Fire at Oklahoma natural gas facility prompts evacuations
Re: Fire at Oklahoma natural gas facility prompts evacuation
ONEOK (OKE) is in our High Yield Income Portfolio. Medford is that the top of Oklahoma and I doubt it will have much impact if any on CLR or CTRA, our two upstream companies that have operations in Oklahoma.
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A fire Saturday at an Oklahoma facility that handles natural gas prompted mandatory evacuations for a wide swath of homes and businesses near the Medford plant.
An unconfirmed explosion was reported at the plant, about 85 miles south of Wichita, Kansas, but it wasn't clear if it had triggered the blaze, resulted from it, or was an exaggeration.
Brad Borror, spokesperson for ONEOK, operator of the facility, said by email that all the company's personnel there had been accounted for, and no injuries were reported.
ONEOK described the possible origin of the fire, which raged throughout the afternoon and into the early evening, as an "incident." The location was described by the company as a "natural gas liquids fractionation facility."
Fractionation is the process by which components of natural gas are generally turned into retail products such as ethane, propane, butane and natural gas for homes and vehicles. Collectively these hydrocarbon configurations are known as natural gas liquids or NGLs.
"We are cooperating with local emergency responders and appreciate their quick response," Borror said. "Our focus continues working with emergency responders to extinguish the fire and the safety of the surrounding community and our employees."
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A fire Saturday at an Oklahoma facility that handles natural gas prompted mandatory evacuations for a wide swath of homes and businesses near the Medford plant.
An unconfirmed explosion was reported at the plant, about 85 miles south of Wichita, Kansas, but it wasn't clear if it had triggered the blaze, resulted from it, or was an exaggeration.
Brad Borror, spokesperson for ONEOK, operator of the facility, said by email that all the company's personnel there had been accounted for, and no injuries were reported.
ONEOK described the possible origin of the fire, which raged throughout the afternoon and into the early evening, as an "incident." The location was described by the company as a "natural gas liquids fractionation facility."
Fractionation is the process by which components of natural gas are generally turned into retail products such as ethane, propane, butane and natural gas for homes and vehicles. Collectively these hydrocarbon configurations are known as natural gas liquids or NGLs.
"We are cooperating with local emergency responders and appreciate their quick response," Borror said. "Our focus continues working with emergency responders to extinguish the fire and the safety of the surrounding community and our employees."
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group