Oneok Surges to 269th in Trading Volume with $384 Million in Shares Traded Amid Strategic Acquisition

On June 11, 2025, Oneok (OKE) saw a significant increase in trading volume, with a total of $384 million in shares traded, marking a 33.15% rise from the previous day. This surge placed Oneok at the 269th position in terms of trading volume for the day. The stock price of Oneok also rose by 1.44%, marking the second consecutive day of gains, with a total increase of 2.19% over the past two days.

Oneok, Inc. recently announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings. This strategic move allows Oneok to gain full ownership of the Delaware Basin Joint Venture, a significant asset in the energy sector. The acquisition was completed for $940 million, highlighting Oneok's commitment to expanding its midstream operations and enhancing its market position.

This acquisition is part of Oneok's broader strategy to strengthen its presence in the Delaware Basin, a key region for natural gas and oil production. By acquiring the remaining stake, Oneok can now fully integrate the operations of Delaware G&P LLC, potentially leading to improved operational efficiencies and cost savings. This move is expected to bolster Oneok's revenue streams and enhance its competitive edge in the midstream sector.