ONEOK sells three Midwest natural gas pipelines to DT Midstream for $1.2 billion.

ONEOK, an energy infrastructure company, has agreed to sell its three interstate natural gas pipelines—Guardian, Midwestern, and Viking Gas Transmission—to DT Midstream for $1.2 billion. The sale, expected to close by the end of 2024, aims to enhance ONEOK's financial flexibility and reduce debt. The pipelines have a total capacity of over 3.7 Bcf/d and are strategically located in the Midwest, expected to boost DT Midstream's pipeline segment and support future growth.

November 19, 2024
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