ONEOK Acquires Remaining Interest in Delaware Basin JV – ONEOK (NYSE:OKE)

Acquisition Advances Permian Basin Development Technique

TULSA, Okla., June 3, 2025/ PRNewswire/– ONEOK, Inc. OKE today revealed the acquisition of the staying 49.9% interest in Delaware G&P LLC ( Delaware Basin JV) from NGP XI Midstream Holdings, L.L.C. for $ 940 million, including $ 530 million in money and $ 410 million in ONEOK typical stock.

Delaware Basin JV owns gas event and processing centers in the Delaware Basin in West Texas and New Mexico, with an overall processing capability of more than 700 million cubic feet each day. Following the close of the deal on Might 28, 2025, ONEOK ended up being the sole owner of Delaware Basin JV.

At ONEOK OKE, we provide energy product or services essential to an advancing world. We are a leading midstream operator that offers event, processing, fractionation, transport, storage and marine export services. Through our around 60,000-mile pipeline network, we carry the gas, gas liquids (NGLs), improved items and petroleum that assist satisfy domestic and global energy need, add to energy security and offer safe, trusted and accountable energy options required today and into the future. As one of the biggest incorporated energy facilities business in The United States And Canada, ONEOK is providing energy that makes a distinction in the lives of individuals in the U.S. and all over the world.

ONEOK is an S&P 500 business headquartered in Tulsa, Oklahoma

For info about ONEOK, go to the site: www.oneok.com. For the current news about ONEOK, discover us on LinkedIn, Facebook, X and Instagram.

SOURCE ONEOK, Inc.