ONEOK, Inc. (OKE) has announced the acquisition of a 43% stake in EnLink Midstream (ENLC) from Global Infrastructure Partners (GIP) for $3 billion. Additionally, ONEOK will acquire all equity interests in Medallion Midstream, LLC for $2.6 billion. These acquisitions, totaling $5.9 billion, will significantly expand ONEOK’s Permian gas processing and crude gathering capabilities.
Results for: EnLink Midstream
EnLink Midstream has announced the pricing of $500 million in senior notes due 2034. The notes will be fully guaranteed by EnLink Midstream Partners, LP, and the proceeds will be used for general company purposes, including debt repayment and funding the purchase of preferred units.
EnLink Midstream, LLC (NYSE: ENLC) has announced the successful achievement of its methane emissions intensity reduction target, exceeding expectations by completing it a year ahead of schedule. The company highlighted this accomplishment in its 2023 Sustainability Report, demonstrating its commitment to environmental responsibility.