On August 28, 2024, ONEOK, Inc. (NYSE: OKE) announced its plan to acquire Global Infrastructure Partners’ (GIP) entire interest in EnLink Midstream, LLC (NYSE: ENLC) and Medallion Midstream, LLC, significantly enhancing ONEOK’s presence in the Permian Basin and expanding its footprint in the Mid-Continent, North Texas, and Louisiana regions.
ONEOK to move into oil transportation in $18 billion acquisition of Magellan Midstream
ONEOK announced a more than $18 billion deal to acquire Tulsa-based Magellan Midstream Partners, L.P.