ONEOK Reaps Rewards from Permian Acquisitions, Preps Expansions

May 2, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Pipeline operator ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) endured higher operating costs during the first quarter, but recent acquisitions in the Permian Basin are keeping its bottom line strong.Industrial Info is tracking more than $3.5 billion worth of active and planned projects from ONEOK, more than 60% of which is attributed to grassroot projects. The Permian has proven to be fertile ground for oil and gas tra