ONEOK to Sell Pipeline Systems to DT Midstream

November 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Pipeline operator ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) announced that it has agreed to sell three interstate pipeline systems to natural gas pipeline company DT Midstream Incorporated (NYSE:DTM) (Detroit, Michigan). The $1.2 billion cash transaction is expected to close this quarter. The deal is coupled with several projects enhancing the midstream capabilities of both companies.