ONEOK Inc. (OKE) announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings, L.L.C. for $940 million. The deal price consists of $530 million in cash and $410 million in ONEOK common stock.
The Delaware Basin JV owns natural gas gathering and processing facilities in the Delaware Basin in West Texas and New Mexico, with a total processing capacity of more than 700 million cubic feet per day. Following the close of the transaction on May 28, 2025, ONEOK became the sole owner of Delaware Basin JV.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.