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ONEOK Acquires Remaining Interest in Delaware Basin JV
Prnewswireยท 2025-06-03 20:15
Acquisition Announcement - ONEOK, Inc. announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC for $940 million, which includes $530 million in cash and $410 million in common stock [1][2] Delaware Basin JV Overview - Delaware Basin JV owns natural gas gathering and processing facilities in the Delaware Basin, with a total processing capacity exceeding 700 million cubic feet per day [2] Company Profile - ONEOK is a leading midstream operator providing essential energy products and services, including gathering, processing, transportation, and storage, through a pipeline network of approximately 60,000 miles [3] - The company is recognized as one of the largest integrated energy infrastructure companies in North America, contributing to energy security and meeting both domestic and international energy demands [3]