Oneok Partners, LP, a Tulsa-based company which is one of the country’s largest publicly traded master limited partnerships, announced this week that it had reached agreement to acquire NGL Pipelines and related assets in the Permian Basin in west Texas and New Mexico from affiliates of Chevron Corporation. The deal, which is worth approximately $800 million according to a notice in the Oil and Gas Journal, is expected to close in the 4th Quarter of 2014.
Also, Oklahoma City-based company Continental Resources, Inc. has formed a joint venture with a U.S. subsidiary of SK E&S Co., Ltd., a liquid natural gas company based in Seoul, South Korea. The joint venture will develop Continental’s northwest assets in the Cana Woodford natural gas field in Blaine County and Dewey County in Oklahoma.
Finally, Williams Partners and Access Midstream Partners LP, both owned by Williams Companies in Tulsa, Oklahoma, have agreed to a merger. The merged company will be named Williams Partners LP and will be based in Tulsa, with major offices in Oklahoma City, Houston, Pittsburgh, Salt Lake City, and Calgary, Canada. The merged company’s assets include a large natural gas interstate pipeline network, an oil and gas gathering service in the Gulf of Mexico, and large-scale interests in natural gas in the Marcellus, Utica, Piceance, Four Corners, Wyoming, Eagle Ford, Haynesville, Barnett, Midcontinent, and Niobrara areas. The company also owns downstream assets in Canada and on the Gulf Coast.
For further updates, stay tuned to this blog, or contact Toni Ellington at (405) 314-3983.
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