ONEOK Inc.
Transactions
ONEOK Completes EnLink Midstream Takeover for $4.3B
ONEOK Completes EnLink Midstream Takeover for $4.3B
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
ONEOK Closes $3.3B Acquisition of EnLink Midstream
ONEOK Closes $3.3B Acquisition of EnLink Midstream
ONEOK Buys Remaining West Texas LPG Interest For $195 Million
ONEOK Buys Remaining West Texas LPG Interest For $195 Million
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New Financings
Launched an underwritten public offering of 26 million shares of its common stock with expectations to…
ONEOK Inc. said on Jan. 4 it has priced its public offering of 19 million shares of its common stock.…
A new five-year senior unsecured revolving credit facility will replace the existing $300 million and $2.…
Launched a cash tender offer to purchase its outstanding 4.25% notes due 2022 and its 6% notes due 2045.…
Priced its offering of 4.25% senior notes due 2022. Net proceeds of some $694 million will be used repay…
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News
ONEOK’s $940MM Deal Takes Full Control of Delaware G&P JV
ONEOK’s deal takes full ownership of the Delaware Basin JV partnership with NGP Midstream as it consolidates its EnLink Midstream assets.
On the Market This Week (May 26, 2025)
Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
AI—Midstream’s New Tool to Play Offense
AI has a growing role as a midstream monitoring tool amongst companies in the sector.
Matterhorn Ownership Reshuffled in Deal Reportedly Worth $5B
Investment firm I Squared and Enbridge will take stakes in the joint venture for the Matterhorn Express natural gas pipeline in the Permian Basin.
Devon Sells Matterhorn Express Pipeline Stake for $375MM
Devon Energy will sell its 12.5% stake in the Matterhorn Express following a report that I Squared Capital was interested in buying a majority stake in the pipeline.
Dividends Declared Week of April 21
With first-quarter 2025 earnings underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
AI Presents Complicated Puzzle for Already Stretched Energy Industry
The multifaceted U.S. energy market has a lot of competing priorities and AI is just one of them, ONEOK CEO Pierce Norton said at an event hosted by the Oklahoma State University Hamm Institute for American Energy.
Recent M&A Primes ONEOK for AI, LNG, NGL Growth
ONEOK’s President and CEO Pierce Norton talks about his rapidly expanding company and the M&A grocery list the midstream company uses to explore additional growth opportunities.
ONEOK, MPLX’s ‘Wellhead-to-Water’ Deal Dominates Permian NGL Race
The $1.75 billion ONEOK-MPLX deal reflects how midstream companies are going big in the petrochemicals sector.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
ONEOK, MPLX Enter $1.75B JV for Texas LPG Export Terminal, Pipeline
ONEOK Inc. and MPLX have entered into agreements to invest $1.4 billion to build a 400,000 bbl/d LPG export terminal in Texas and a $350 million pipeline project.
ONEOK Completes EnLink Midstream Takeover for $4.3B
ONEOK had agreed to acquire the remaining stake in EnLink in November 2024 for $4.3 billion after having acquired the controlling interest a month prior.
EnLink Investors Vote in Favor of ONEOK Buyout
Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.
ONEOK, Enterprise Renew Agreements with Houston’s Intercontinental Exchange
ONEOK and Enterprise Product Partners chose to continue their agreements to transfer and price crude oil with Houston-based Intercontinental Exchange.
Targa Pipeline Helps Spark US NGL Production High in 2024
Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.