One-Page Deal Sheet
ONEOK Acquires $800 Million in Permian NGL Assets from Chevron
Oneok Partners, L.P. Chevron Corp
Announced Date
October 27,2014
Close Date
December 01,2014
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - December 1, 2014
ONEOK Partners, L.P. has completed the acquisition of natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corporation for approximately $800 million.
ONEOK Partners now owns an 80 percent interest in the West Texas LPG Pipeline Limited Partnership (West Texas LPG) and 100 percent interest in the Mesquite Pipeline (Mesquite), which collectively consist of approximately 2,600 miles of NGL gathering pipelines extending from the Permian Basin in southeastern New Mexico to East Texas and Mont Belvieu, Texas. ONEOK Partners is…
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