ONEOK has officially completed the acquisition of EnLink Midstream , registering the expansion of its energy transportation and processing infrastructure. The transaction was approved by EnLink shareholders on January 30, 2025, strengthening the new owner’s position in the midstream market and expanding its operational capabilities in the natural gas and natural gas liquids ( NGL ) sector .
The acquisition of EnLink Midstream and strategic integration
ONEOK CEO Pierce H. Norton II mentioned that this acquisition represents an enhancement to the company’s infrastructure network, offering added value to both ONEOK and EnLink shareholders, who will now be part of ONEOK. In addition, Norton welcomed EnLink employees, emphasizing that the integration will bring new opportunities and synergies in the sector.
With this transaction, ONEOK increases its presence in important natural gas production and processing regions, strengthening its capacity to offer efficient and sustainable energy solutions. The consolidation of both companies will allow for cost optimization and improved infrastructure for the transportation, storage and distribution of energy products.
EnLink shareholders received 0.1412 shares of ONEOK common stock for each outstanding common unit, resulting in EnLink’s delisting from the New York Stock Exchange ( NYSE ). This move reflects an orderly transition toward the full integration of both companies under the ONEOK corporate structure.
The acquisition of EnLink Midstream aligns with ONEOK’s growth strategy, consolidating its position as a leader in energy infrastructure in North America. The company reaffirms its commitment to energy security and innovation in the sector, ensuring a reliable supply of energy at national and international levels.
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Source and photos: ONEOK
