secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001039684-25-000084
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000084/0001039684-25-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000084/oke-20250603.htm
  HTML page:      https://secwatch.observer/filing/0001039684-25-000084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer