10:11 AM EDT, 05/13/2024 (MT Newswires) -- ONEOK ( OKE ) said Monday it has agreed to purchase a system of natural gas liquids pipelines from Easton Energy for around $280 million.

The deal, expected to close in mid-2024, includes around 450 miles of NGL pipelines in the Gulf Coast market centers for NGLs, crude oil, and refined products, the company said.

ONEOK ( OKE ) said it will integrate the pipelines with its Mont Belvieu, Texas, NGL infrastructure and Houston refined products and crude oil infrastructure to speed up commercial synergies.

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