ONEOK (OKE) Closes Medallion Midstream Acquisition

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Go back to ONEOK (OKE) Closes Medallion Midstream Acquisition

ONEOK Announces Closing of Medallion Midstream Acquisition

October 31, 2024 11:00 AM EDT

Completes Acquisition of the Largest Privately Held Crude Oil Gathering and Transportation System in the Permian's Midland Basin

TULSA, Okla., Oct. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the successful completion of its acquisition of Medallion Midstream (Medallion) from Global Infrastructure Partners, for a total cash consideration of approximately $2.6 billion.

"With the acquisition of Medallion, the largest... More