NEW YORK: Pipeline operator ONEOK says it would buy the remaining shares of peer EnLink Midstream for US$4.3bil in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the US energy sector.
In August, ONEOK acquired a 43% controlling interest in Enlink, which has a solid presence in the Permian Basin, from Global Infrastructure Partners for about US$3.3bil in cash.
