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Oneok Partners LP agrees to acquire Chevron Corp.'s natural gas liquids assets in the Permian Basin for approximately $800 million. This strategic move is expected to significantly increase Oneok's production, reaching about 800,000 barrels per day. The deal includes an 80% interest in Chevron's West Texas LPG Pipeline Limited Partnership and full ownership of the Mesquite Pipeline, expanding Oneok's NGL gathering pipelines across the Permian Basin.
Sunday, 26 October, 2014