ONEOK (OKE) Acquires Easton's NGL Pipeline System for $280M
OKEONEOK(OKE) ZACKS·2024-06-19 02:25

ONEOK, Inc. (OKE) announced the completion of its previously announced acquisition of a system of natural gas liquids (NGL) pipelines from Easton Energy for nearly $280 million.The company had announced this deal in May 2024. The deal comprises around 450 miles of pipelines for liquid products, including crude oil, refined products and NGLs, that are situated in the strategic Gulf Coast market centers.OKE has plans to connect the pipelines to its Mont Belvieu, TX, NGL infrastructure and ONEOK's Houston refi ...