ONEOK Inks $5.9B Deal With GIP to Expand Permian Presence

ONEOK, Inc. (OKE) has announced a significant move to expand its presence in the Permian and MidContinent basins by acquiring midstream assets worth $5.9 billion from Global Infrastructure Partners ("GIP") in two deals. This strategic acquisition will further strengthen ONEOK's position in the U.S. production pipeline and storage industry. ONEOK's Strategic Investments ONEOK's acquisitions include GIP's 43% stake in EnLink Midstream ("ENLC") for $14.90 per unit and full interest in EnLink's managing member, ...