Form 8-K · Current Report · Filed 2024-10-15
ONEOK Completes Acquisition of EnLink Midstream
On October 15, 2024, ONEOK, Inc. completed the acquisition of EnLink Midstream, LLC from Global Infrastructure Partners for approximately $3.285 billion in cash. This acquisition, which includes 43.4% of EnLink's common units and all interests in the managing member, is expected to enhance ONEOK's asset positions in key production basins and establish a strategic presence in Louisiana. The transaction is anticipated to provide synergies, reduce leverage, and increase accretion to ONEOK shareholders.
- Filer
- Oneok Inc. OKE · NYSE
- Filed
- Accession
- 0001213900-24-087839
- CIK
- 0001039684
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$97.50
Next session
-1.9%
Since filing
-6.9%
Latest close
$90.81
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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