ONEOK completed the acquisition of NGL pipelines from Cresta-backed Easton Energy for $280m.

ONEOK, an American diversified corporation, completed the acquisition of system of natural gas liquids pipelines from Cresta-backed Easton Energy, a Houston-based midstream company, for $280m. "The closing of this strategic acquisition provides immediate earnings, expands our natural gas liquids asset portfolio and accelerates ONEOK's ability to capture commercial synergies related to our recent acquisition of Magellan. These new assets offer significant connectivity between critical Gulf Coast supply and demand centers," Pierce H. Norton II, ONEOK President and CEO.