Islands In The Stream - New Deals Expand ONEOK's Footprint, Connectivity and Permian Breadth

30/08/2024 12 min
Islands In The Stream - New Deals Expand ONEOK's Footprint, Connectivity and Permian Breadth

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Episode Synopsis

Through a pair of newly announced, multibillion-dollar acquisitions, ONEOK is following up on its game-changing purchase of Magellan Midstream Partners by gaining additional scale, significantly increasing its role in NGLs and adding a huge crude oil gathering system in the Permian. The new deals are designed in large part to help ONEOK “feed and fill” its gas processing plants, takeaway pipelines and fractionators. In today’s RBN blog, we’ll discuss the details and implications of ONEOK’s newly announced plan to acquire EnLink Midstream and Medallion Midstream. 

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