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ONEOK Buys Out EnLink in $4.3 Billion Deal

Summary by Oil Price
ONEOK has struck a deal with EnLink Midstream to buy its remaining assets in the Permian for $4.3 billion in stock, boosting its presence in the star of the shale patch further amid growing expectations of a surge in natural gas demand. Earlier this year, the gas infrastructure operator acquired a 43% stake in EnLink Midstream, paying $3.3 billion for it. It also acquired a stake in another pipeline operator at the time, Medallion Midstream, for…
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