secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001213900-24-092921
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK completes $2.6B acquisition of Medallion Midstream, largest private Permian crude system
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- Total cash consideration ~$2.6B for Medallion and DoublePoint interests acquired from Global Infrastructure Partners.
- Medallion includes >1,200 miles of crude gathering pipelines with ~1.3M bpd capacity and 1.5M barrels storage in Permian Basin.
- CEO Norton says acquisition diversifies asset portfolio and extends value chain in Permian Basin.
- Assets connect with ONEOK's long-haul crude pipelines; ONEOK owns 43% of EnLink (NYSE: ENLC).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024092921/0001213900-24-092921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024092921/ea0219307-8k_oneok.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-092921

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