DT Midstream has unveiled plans to acquire three major US natural gas pipelines from ONEOK in a $1.2 billion transaction, marking a significant step in its mission to expand its natural gas infrastructure portfolio. This strategic acquisition, which is anticipated to close by early 2025, positions DT Midstream to enhance its footprint in the Midwest […]
ONEOK, Inc. (NYSE: OKE) has announced a significant expansion of its energy infrastructure portfolio through two major acquisitions from Global Infrastructure Partners (GIP), valued at approximately $5.9 billion. The transactions include the acquisition of GIP’s entire stake in EnLink Midstream, LLC (NYSE: ENLC) and 100% of the equity interests in Medallion Midstream, LLC. Under the […]
ONEOK, Inc. (NYSE: OKE) has unveiled plans for a major expansion of its pipeline network, aimed at enhancing connectivity between Mid-Continent and Gulf Coast refined products supply and the greater Denver area. The $480 million project involves the construction of a new 230-mile pipeline from Scott City, Kansas, to Denver International Airport (DIA), alongside upgrades […]
ONEOK, Inc. (NYSE: OKE) has announced the completion of its strategic acquisition of Gulf Coast Pipeline System, a network of natural gas liquids (NGL) pipelines from Easton Energy for approximately $280 million. This significant purchase expands ONEOK’s presence in the crucial Gulf Coast region, enhancing its infrastructure capabilities in key supply and demand centers. The […]
Easton Energy, a Houston-based midstream company, has announced an agreement to sell its Gulf Coast Liquids Pipeline System to ONEOK, Inc. for approximately $280 million. This transaction is subject to customary price adjustments and conditions, including termination or expiration of the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act. The pipeline system being sold comprises […]
In a landmark decision that’s turning heads in the energy industry, ONEOK, Inc. (NYSE: OKE) and Magellan Midstream Partners, L.P. (NYSE: MMP), two major players in the field, have announced that their respective shareholders and unitholders gave a unanimous nod to their previously announced $18.8 billion merger. The backing by ONEOK shareholders and Magellan Midstream […]