ONEOK, Magellan Midstream merging in $18.8 billion deal

Jack Burke Senior Editor, Compressor Tech2

May 15, 2023

ombined companies will own more than 25,000 mi. of pipelines

Pipeline giant ONEOK plans to buy Magellan Midstream which would create one of the biggest oil & gas infrastructure companies in the U.S.

The $18.8 billion cash and stock deal adds a leading, primarily fee-based, refined products and crude oil transportation business to ONEOK, a leading midstream service provider and…

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