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
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 Announces Bakken NGL Pipeline Extension to Support New Third-party NGL Volume
ONEOK Enters into $1.5 Billion Term Loan Agreement
ONEOK Announces Second Expansion of the West Texas LPG Pipeline System
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, 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
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, 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 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
ONEOK Declares Quarterly Dividend The board of directors of ONEOK, Inc. (OKE) today declared a quarterly dividend of 60.5 cents per share, effective for the first quarter 2015, payable May 15, 2015, to shareholders of record at the close of business April 30, 2015. The dividend remains unchanged from the previous quarter. “We continue to focus on making prudent financial
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