ONEOK’s $940MM Deal Takes Full Control of Delaware G&P JV

ONEOK Completes Acquisition of Delaware Basin JV Pipeline System for $940 Million

ONEOK Completes Acquisition of Delaware Basin JV Pipeline System for $940 Million Daniel Onyango Thu, 06/05/2025 - 12:02 American oil and gas midstream operator, ONEOK Inc. , has acquired the remaining interest in the Delaware Basin pipeline system, gaining complete control of the infrastructure. The company said Tuesday, May 3, 2025, it acquired the remaining 49.9% stake in pipeline owner Delaware G&P LLC , also known as the Delaware Basin JV,…

ONEOK acquires remaining interest in Delaware Basin JV

ONEOK, Inc. announced the acquisition of the remaining 49.9% interest in Delaware G&P from NGP XI Midstream Holdings for $940M, consisting of $530M in cash and $410M in ONEOK common stock.

ONEOK buys all stake in Delaware Basin JV

ONEOK has acquired the remaining 49.9% interest in the Delaware Basin joint venture (JV) from NGP XI Midstream Holdings for $940m.

ONEOK’s $940MM Deal Takes Full Control of Delaware G&P JV

ONEOK’s deal takes full ownership of the Delaware Basin JV partnership with NGP Midstream as it consolidates its EnLink Midstream assets.