DT Midstream completed the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2bn.

DT Midstream, an owner, operator and developer of natural gas interstate and intrastate pipelines, completed the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK, a midstream service provider that gathers, processes, transports, and stores natural gas and natural gas liquids, for $1.2bn. “The bolt-on acquisition of these premier pipelines is fully aligned with our pure play natural gas strategy. This acquisition also increases the revenue contribution from our pipeline segment, supported by take-or-pay contracts with strong credit quality utility customers,” David Slater, DT Midstream President and CEO.