M&A Deal Summary

ONEOK Acquires ONEOK Partners

On February 1, 2017, ONEOK acquired energy services and equipment company ONEOK Partners for 17.2B USD

Acquisition Highlights
  • This is ONEOK’s 1st transaction in the Energy Services and Equipment sector.
  • This is ONEOK’s 2nd largest (disclosed) transaction.
  • This is ONEOK’s 1st transaction in the United States.
  • This is ONEOK’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2017-02-01
Target ONEOK Partners
Sector Energy Services and Equipment
Buyer(s) ONEOK
Deal Type Merger
Deal Value 17.2B USD

Target

ONEOK Partners

Tulsa, Oklahoma, United States
ONEOK Partners, L.P. is a publicly traded limited partnerships in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers.

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Buyer(S) 1

Buyer

ONEOK

Tulsa, Oklahoma, United States
Category Company
Founded 1906
Sector Energy Services and Equipment
Employees4,775
Revenue 17.7B USD (2023)
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 1 of 5
Sector (Energy Services and Equipment) 1 of 4
Type (Merger) 1 of 3
State (Oklahoma) 1 of 2
Country (United States) 1 of 5
Year (2017) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-14 Magellan

Tulsa, Oklahoma, United States

Magellan is a partnership that primarily transports, stores, and distributes refined petroleum products and crude oil. It owns a refined petroleum products pipeline system with access to nearly 50% of the nation's refining capacity and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel, and crude oil. Magellan was founded in 2000 and is based in Tulsa, Oklahoma.

Buy $18.8B
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