ONEOK said it completed its acquisition of a natural gas liquids (NGL) pipeline system from Easton Energy on June 17, 2024 for approximately $280 million.

8-KRegulation FD DisclosureFiled Jun 18, 2024Period of report Jun 17, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

ONEOK said it completed its acquisition of a natural gas liquids (NGL) pipeline system from Easton Energy on June 17, 2024 for approximately $280 million.
The company said the transaction includes approximately 450 miles of liquids products pipelines located in strategic Gulf Coast market centers for NGLs, refined products and crude oil.
ONEOK said it plans to connect the acquired pipelines to its NGL infrastructure in Mont Belvieu, Texas, and its refined products and crude oil infrastructure in Houston.
The company said the acquisition provides immediate earnings, expands its NGL asset portfolio and accelerates its ability to capture commercial synergies related to its recent Magellan acquisition.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

ONEOK Completes Easton Energy NGL Pipeline Acquisition

ONEOK said it completed its acquisition of a natural gas liquids (NGL) pipeline system from Easton Energy on June 17, 2024 for approximately $280 million.

Source · Based on the filing body and exhibits

Approximately 450-Mile Gulf Coast Liquids Products Pipeline

The company said the transaction includes approximately 450 miles of liquids products pipelines located in strategic Gulf Coast market centers for NGLs, refined products and crude oil.

Source · Based on the filing body and exhibits

Plan to Connect to Existing Infrastructure

ONEOK said it plans to connect the acquired pipelines to its NGL infrastructure in Mont Belvieu, Texas, and its refined products and crude oil infrastructure in Houston.

Source · Based on the filing body and exhibits

Immediate Earnings Contribution and Magellan-Related Synergies

The company said the acquisition provides immediate earnings, expands its NGL asset portfolio and accelerates its ability to capture commercial synergies related to its recent Magellan acquisition.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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