Pipeline operator DT Midstream (DTM.N), opens new tab said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK (OKE.N), opens new tab for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U.S. industry.
Increased consolidation among oil and gas producers and hurdles in getting new energy infrastructure approved and built have made the U.S. pipeline and storage sector attractive for deals.
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