ONEOK Acquires Remaining Interest in Delaware Basin JV
Acquisition Advances Permian Basin Growth Strategy
TULSA, Okla., June 3, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC (Delaware Basin JV) from NGP XI Midstream Holdings, L.L.C. for $940 million, consisting of $530 million in cash and $410 million in ONEOK common stock.
Delaware Basin JV owns natural gas gathering and processing facilities in the Delaware Basin in West Texas and New Mexico, with a total processing capacity of more than 700 million cubic feet per day. Following the close of the
