ONEOK, Inc. (OKE), WhiteWater, MPLX LP (MPLX) and Enbridge Inc. (ENB), through the existing Matterhorn joint venture - Matterhorn JV, announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region. The approximately 450-mile, 42-inch Eiger Express Pipeline is designed to transport up to approximately 2.5 billion cubic feet per day of natural gas from the Permian Basin in West Texas to the Katy area near Houston, Texas.
The Eiger Express Pipeline joint venture is owned 70% by the Matterhorn JV, 15% by ONEOK and 15% by MPLX. ONEOK's total ownership interest in the pipeline is 25.5%. The Matterhorn JV is owned by WhiteWater, ONEOK, MPLX and Enbridge. WhiteWater will construct and operate the pipeline, which is expected to be completed in mid-2028.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.