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ONEOK completes acquisition of Medallion Midstream to diversify asset portfolio

PRIVATEOct 31, 2024

Acquiring Company

ONEOK

Acquired Company

Medallion Midstream

TulsaEnergyOil And GasEnergyOil And Gas

Description

ONEOK, Inc. has successfully completed the acquisition of Medallion Midstream, the largest privately held crude oil gathering and transportation system in the Permian's Midland Basin, from Global Infrastructure Partners. With this acquisition, ONEOK continues its intentional and disciplined growth, diversifying its asset portfolio and expanding its position as one of the largest diversified energy infrastructure companies.

Quick answer

ONEOK is acquiring Medallion Midstream, announced October 31, 2024. ONEOK is based in Tulsa, Oklahoma, United States.

How much did ONEOK pay for Medallion Midstream?
The deal value was not disclosed.
What does ONEOK do?
ONEOK delivers energy products and services vital to an advancing world.
Where are ONEOK and Medallion Midstream based?
ONEOK is based in Tulsa, Oklahoma, United States.
Who are the decision-makers at ONEOK?
Fundz holds 1 contact at ONEOK. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ONEOK

Location

Tulsa, Oklahoma, United States

About

ONEOK delivers energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

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Frequently asked

Who acquired Medallion Midstream?

Medallion Midstream was acquired by ONEOK, based in Tulsa. The deal was reported on October 31, 2024. ONEOK delivers energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. ONEOK is privately held and operates in Energy.

When did ONEOK acquire Medallion Midstream?

ONEOK's acquisition of Medallion Midstream was reported on October 31, 2024. ONEOK, Inc. has successfully completed the acquisition of Medallion Midstream, the largest privately held crude oil gathering and transportation system in the Permian's Midland Basin, from Global Infrastructure Partners. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Medallion Midstream do?

Medallion Midstream is the largest privately held crude oil gathering and transportation system in the Permian's Midland Basin. It is privately held, operating in Energy.

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