East Daley Analytics – Dissecting the Energy Value Chain
Get Midstream Insights Delivered Daily
icon_white_renewable_energy

Renewables

Foster expertise, faster details & faster answers to maximize your ROI.
learn more

ONEOK Acquiring Magellan for $19B, Creating Cross-Commodity Midstream Powerhouse

ONEOK (OKE) announced it plans to acquire Magellan (MMP) for $18.8B yesterday, sending midstream analysts scrambling during an otherwise lovely Mother’s Day. The deal will be financed with 63% stock (0.667 OKE shares/MMP unit, $8.1B total) and 37% cash ($25/unit,$5.1B total, debt-financed), and OKE will assume $5.0B of MMP’s existing net debt.

ONEOK Acquiring Magellan

The combination will create the 2nd largest US Midstream company by market cap, and 5th largest by enterprise value behind Energy Transfer (ET), Enterprise (EPD), Kinder Morgan (KMI), and Williams (WMB).

Watch Justin Carlson, CCO at East Daley, break down the data on the MMP and OKE merger in The Energy Data Studio.

 

AdobeStock_195410347 copy

Midstream Company Financials

Regularly forecast volumes and financials for 1,300 midstream infrastructure assets by individual company. Get quarterly earnings previews and reviews reports and models.

Request Midstream Company Financials

Energy Data Studio Gives You the Advantage

East Daley's Energy Data Studio is the platform to visually analyze and navigate the energy value chain. Users can now view historical and updated data on our Energy Data Studio platform, providing unmatched data functionality and visuals for easy analytics.

Request a Free Trial of Energy Data Studio

blue-graph-bkgrnd
AdobeStock_237871245-2

The Daley Note

East Daley Analytics' Daley Note provides daily proprietary market commentary on North American oil and gas fundamentals. The Daley Note (TDN), “midstream insights delivered daily,” covers news, commodity prices, security prices, and EDA research likely to affect markets in the short term. The current day’s edition is provided without charge to industry professionals and clients. Subscribe to The Daley Note.