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EnLink Midstream, LLC (NYSE:ENLC) shares traded higher premarket on Monday after it disclosed a merger deal with ONEOK, Inc. (NYSE:OKE) for $4.3 billion. As per the deal, each EnLink common unit ...
Oneok followed that deal with $5.9 billion of acquisitions last month. It's buying Medallion Midstream and a 43% interest in EnLink Midstream from the same private equity firm. After closing that ...
It followed that up with a $5.9 billion transaction to buy Medallion Midstream and a 43% interest in EnLink ... It closed its acquisition of Medallion and its investment in EnLink in mid-October ...
In September 2023, Oneok acquired Magellan Midstream Partners for $18.8 billion. [19] Included in the acquisition for Oneok was the Magellan-owned East Houston terminal and crude oil trading hub, facilities in Galena Park, Texas and Seabrook, Texas, and a terminal in Pasadena, Texas. [20]
The move is expected to strengthen the Oklahoma company's presence in the Permian Basin and fit well with its existing assets in the region.
DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE: OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion.
Monthly average natural gas prices, showing the location of the Henry Hub. The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [1]
In 2016, AIMCo's Infrastructure Private Equity group became the second largest shareholder of Howard Energy Partners, acquiring a 28% stake from EnLink Midstream Partners, LP. This transaction followed AIMCo's initial investment in August 2016 which allowed for the purchase of up to $500 million of Series B preferred units.