ONEOK has completed its acquisition of a system of natural gas liquids pipelines from Easton Energy for approximately $280M. The transaction includes approximately 450 miles of liquids products pipelines located in the strategic Gulf Coast market centers for NGLs, refined products and crude oil. ONEOK plans to connect the pipelines to its Mont Belvieu, Texas, NGL infrastructure and ONEOK’s Houston refined products and crude oil infrastructure.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OKE:
- ONEOK Completes Acquisition of Gulf Coast NGL System
- Oneok price target raised to $93 from $90 at Morgan Stanley
- Oneok to Discuss Financial Strategies at Bernstein Conference
- Oneok Inc Engages in Citi Energy Conference, Updates Investors
- ONEOK to Acquire Strategic Gulf Coast NGL Pipelines for $280 million