Key Takeaways OKE acquired the remaining 49.9% of Delaware Basin JV for $940M in cash and stock on May 28, 2025. The JV includes over 700 million cubic feet per day of gas processing capacity in West Texas and New Mexico. OKE's recent acquisitions enhance geographic reach, infrastructure integration and fee-based earnings growth.ONEOK, Inc. (OKE) announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC (Delaware Basin joint venture) from NGP XI Midstream Holdings, L.L.C. The deal is f ...