ONEOK said it announced on June 3, 2025 the acquisition of the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings, L.L.C. The purchase price is $940 million.

8-KRegulation FD DisclosureFiled Jun 4, 2025Period of report Jun 3, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

ONEOK said it announced on June 3, 2025 the acquisition of the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings, L.L.C. The purchase price is $940 million.
The company said the consideration for the $940 million acquisition consists of $530 million in cash and $410 million in ONEOK common stock.
ONEOK said the transaction closed on May 28, 2025, after which ONEOK became the sole owner of Delaware Basin JV.
The company said Delaware Basin JV owns natural gas gathering and processing facilities in West Texas and New Mexico in the Delaware Basin, with total processing capacity of more than 700 million cubic feet per day.

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.

Acquires Remaining 49.9% Interest in Delaware G&P LLC

ONEOK said it announced on June 3, 2025 the acquisition of the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings, L.L.C. The purchase price is $940 million.

Source · Based on the filing body and exhibits

Consideration Mix: $530 million Cash, $410 million Stock

The company said the consideration for the $940 million acquisition consists of $530 million in cash and $410 million in ONEOK common stock.

Source · Based on the filing body and exhibits

Transaction Closed; Sole Ownership

ONEOK said the transaction closed on May 28, 2025, after which ONEOK became the sole owner of Delaware Basin JV.

Source · Based on the filing body and exhibits

Delaware Basin JV Operations and Processing Capacity

The company said Delaware Basin JV owns natural gas gathering and processing facilities in West Texas and New Mexico in the Delaware Basin, with total processing capacity of more than 700 million cubic feet per day.

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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