Tag: ONEOK
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ONEOK, Oil Company, Acquires Magellan Midstream Partners
ONEOK, Inc. announced that it has completed its acquisition of Magellan Midstream Partners, L.P. (Magellan), creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors. Said Pierce H. Norton II, ONEOK president and chief executive officer, “Our expanded products…
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ONEOK Reports 4th Quarter
ONEOK, Inc. a major Bakken oil company, announced fourth quarter results:Fourth Quarter 2020 Results, Compared With Fourth Quarter 2019: * 11% increase in operating income to $538.7 million. * 12% increase in adjusted EBITDA to $742.0 million. * 24% increase in Rocky Mountain region NGL raw feed throughput volumes. * 11% increase in Rocky Mountain region natural…