ONEOK Partners, L.P. (NYSE: OKS) plans to invest approximately $340 million to $360 million between now and the first quarter of 2014 to construct a new natural gas gathering and processing plant and related infrastructure in the Cana-Woodford Shale in Oklahoma.

These investments include approximately $190 million for the construction of a new 200 million cubic feet per day (MMcf/d) natural gas processing facility – the Canadian Valley plant – in Canadian County, Okla. – which is expected to be in service first quarter of 2014.

In addition to the ...