Oneok Inc.
ONEOK Announces Approval for EnLink Acquisition by Unitholders
Summary
On January 30, 2025, ONEOK, Inc. announced that EnLink Midstream, LLC unitholders approved its acquisition of the remaining publicly held common units, expected to close on January 31, 2025. Approximately 99.8% of the common units voted in favor of the transaction, resulting in 82.9% of outstanding units voting in favor. Upon completion, each EnLink common unit will be converted into 0.1412 shares of ONEOK common stock.
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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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