ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Exxon Mobil's guidance indicates the supermajor intends to step on the gas once it completes the acquisition of Pioneer Natural Resources, which could lead to more investment in midstream infrastructure.
Quantum Capital Solutions is committing $300 million for Comstock Resources' Pinnacle gathering and treatment system, among other Haynesville midstream operations.
Western Midstream said it would purchase Meritage Midstream’s Powder River Basin assets, including gas gathering and an NGL pipeline, for $885 million cash.