A $150 million natural gas processing plant is planned in western North Dakota, bringing to four the number of projects proposed to capture more of the record volumes of gas that is coming as a byproduct of oil production.

Republican Gov. Doug Burgum announced Thursday that Hess Midstream Partners and Targa Resources will build the plant near Watford City.

The Little Missouri Four gas plant will process 200 million cubic feet daily at an existing facility owned by Targa. The companies say the project will be completed in the fourth quarter of this year.

North Dakota Pipeline Authority Director Justin Kringstad says the addition of the new plant and others should help keep pace with expected oil production until 2020.