ONEOK acquires remaining 49.9% of Delaware Basin JV for $940M

ONEOK INC /NEW/

Total consideration $940M: $530M cash + $410M ONEOK common stock.
Acquisition from NGP XI Midstream Holdings, L.L.C.; deal closed May 28, 2025.
Delaware Basin JV assets: natural gas gathering/processing in West Texas and New Mexico, capacity >700 MMcf/d.
ONEOK now sole owner of the Delaware Basin joint venture.

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