M&A Deal Summary

ONEOK Acquires EnLink Midstream

On November 24, 2024, ONEOK acquired energy services and equipment company EnLink Midstream for 4.3B USD

Acquisition Highlights
  • This is ONEOK’s 4th transaction in the Energy Services and Equipment sector.
  • This is ONEOK’s 3rd largest (disclosed) transaction.
  • This is ONEOK’s 5th transaction in the United States.
  • This is ONEOK’s 3rd transaction in Texas.

M&A Deal Summary

Date 2024-11-24
Target EnLink Midstream
Sector Energy Services and Equipment
Buyer(s) ONEOK
Deal Type Merger
Deal Value 4.3B USD
Advisor(s) Evercore Group (Financial)
Richards, Layton & Finger
Baker Botts (Legal)

Target

EnLink Midstream

Dallas, Texas, United States
EnLink Midstream is an integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink Midstream was founded in 2013 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

ONEOK

Tulsa, Oklahoma, United States

Category Company
Founded 1906
Sector Energy Services and Equipment
Employees5,177
Revenue 21.7B USD (2024)
DESCRIPTION
ONEOK's corporate headquarters in Tulsa, Oklahoma.
ONEOK's corporate headquarters in Tulsa, Oklahoma.

ONEOK gathers, processes, stores, and transports natural gas in the US. The Company also owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with a variety of market centers. ONEOK was formed in 1906 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 5 of 5
Sector: Energy Services and Equipment M&A 4 of 4
Type: Merger M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2024 M&A 3 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Medallion Midstream

Irving, Texas, United States

Medallion Midstream provides a broad range of midstream solutions, including crude oil gathering, transportation and storage, as well as natural gas gathering, processing and treating. Medallion Midstream is based in Irving, Texas.

Buy $2.6B