An Oklahoma midstream has embarked on another deal spree that will expand its pipeline network and deepen its presence in Texas and Louisiana.
Tulsa-based ONEOK Inc. will purchase Global Infrastructure Partners’ 43 percent stake in Dallas-based EnLink Midstream for $3.3 billion.
Separately, ONEOK is also buying Irving-based Medallion Midstream, the largest privately held crude gathering and transportation system in the Permian Basin, from New York-based GIP for $2.6 billion.