The Biggest Oil And Gas Deal Of The Year So Far ...Middle East

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The Biggest Oil And Gas Deal Of The Year So Far
source : OILPRICE ( Middle East ) () 37
The recently announced merger of pipeline operators ONEOK and Magellan Midstream Partners is the biggest deal in the oil and gas sector so far this year, with the $18.8-billion value more than fourfold higher than the biggest deal in April, data from S&P Global Market Intelligence has shown. The two major pipeline operators said in the middle of May that ONEOK would buy Magellan Midstream Partners in a cash-and-stock deal valued at $18.8 billion, creating a combined U.S. oil and gas pipeline giant with a total enterprise value of $60 billion.…

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