oneok – Oil & Gas 360

U.S. Midstream mergers continue with $1.2 billion natural gas pipelines deal

November 20, 2024

(Oil Price) – Pipeline owner and operator DT Midstream will buy three interstate natural gas pipeline systems from ONEOK for $1.2 billion in cash as the consolidation in the industry has extended to midstream operations. Detroit-based DT Midstream, which owns and operates natural gas pipelines in the Southern, Northeastern, and Midwestern United States, as well as Canada – reached an agreement to buy

ONEOK and Magellan merger to create $60-billion pipeline giant

May 15, 2023

Yahoo Finance (Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators. The deal will see each Magellan stakeholder receive $25 in cash and 0.667 shares of Oneok stock per unit, representing a 22% premium to closing prices on

Crestwood Bolsters its Midstream Assets in the Bakken

August 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day

ONEOK Plans $100 Million Bakken NGL Pipeline Extension

April 25, 2019

ONEOK Announces Bakken NGL Pipeline Extension to Support New Third-party NGL Volume

ONEOK Names New Director

February 21, 2019

Mark W. Helderman Joins ONEOK Board of Directors …

ONEOK Enters into Upsized $1.5 Billion Term Loan Agreement

November 20, 2018

ONEOK Enters into $1.5 Billion Term Loan Agreement

ONEOK Announces Second Expansion of the West Texas LPG Pipeline System

September 11, 2018

ONEOK Announces Second Expansion of the West Texas LPG Pipeline System

ONEOK, EPIC Midstream to Bolster Permian Takeaway

June 28, 2018

ONEOK’s Contribution ONEOK (NYSE: OKE) has announced plans to expand its natural gas pipeline infrastructure in the Permian Basin and Oklahoma by 1.7 Bcf/d. The project will include: 150 MMcf/d of ONEOK’s WesTex Transmission system from the Permian to interstate pipeline points in the Texas panhandle and a possible expansion of up to 450 MMcf/d, dependent upon a follow up

ONEOK Announces $1.25 Billion Notes Offering

June 20, 2018

ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $1.25 billion of senior notes, consisting of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes at a coupon of 5.20 percent. The net proceeds from the offering, after deducting underwriting discounts and commissions, are expected

ONEOK Plans $1.4 Billion Williston NGL Pipeline

January 4, 2018

The existing Bakken NGL and Overland Pass Pipelines are operating at full capacity. Additional NGL takeaway capacity is critical to meeting the needs of producers who are increasing production – Spencer ONEOK, Inc. (ticker: OKE) plans to invest $1.4 billion for a new pipeline and related infrastructure to transport NGLs from the Rocky Mountain region to the company’s existing Mid-Continent

ONEOK Maintains 2017 Guidance of $635 Million to $795 Million Net Income

November 1, 2017

ONEOK, Inc. (Ticker: OKE) announced higher third-quarter 2017 financial results primarily benefiting from natural gas and natural gas liquids (NGL) volume growth in the Williston Basin and STACK and SCOOP areas, higher average fee rates in the natural gas gathering and processing segment and higher fee-based transportation services in the natural gas pipelines segment. Highlights Maintaining 2017 net income guidance of $635 million to $795

ONEOK Raises $277 Million

July 1, 2015

ONEOK Partners Raises Approximately $277 Million Through ATM Equity Program ONEOK Partners, L.P. (OKS) today announced that it sold approximately 7.2 million common units totaling approximately $277 million through its at-the-market equity program (ATM program) in the first half of 2015. The common units sold throughout the year and the contributions from ONEOK, Inc. to maintain its 2 percent general

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