ONEOK to acquire Medallion Midstream from GIP for $2.6bn.

ONEOK, a midstream service provider, agreed to acquire Medallion Midstream, a privately held crude gathering and transportation system, from GIP, a private equity, for $2.6bn. "ONEOK has a longstanding reputation as being intentional in building a premier energy infrastructure company, and today's transactions further solidify that status by adding complementary assets that allow us to continue expanding and extending our value chain," Pierce H. Norton II, ONEOK President and CEO.