ONEOK, a Tulsa-based pipeline operator, is reinforcing its presence in the U.S. energy infrastructure sector through two midstream acquisitions worth $5.9 billion, expanding its footprint in the Permian Basin. These acquisitions, along with its 2023 purchase of Magellan Midstream Partners for $18.8 billion, significantly increase its crude oil and refined products capacity. While this expansion…

TC Energy is spinning off its liquids pipelines business, South Bow, on October 1, 2024, to focus on its core strengths in natural gas and power generation. Shareholders will retain their TC Energy shares and receive proportional shares in South Bow, with combined dividends expected to match or exceed pre-spin payouts. Post-spin, TC Energy will…

The Wall Street Journal is reporting that Chevron is leaving California for greener pastures in Texas. It seems the anti-business and anti-fossil fuel climate in the Golden State has finally taken its toll on the oil giant. As a result the company will write down $4 billion in assets in California citing the regulatory challenges…

The board of directors of ONEOK, Inc. (NYSE: OKE) today increased its quarterly dividend to 99 cents per share, an increase of 3.7%. This increase results in an annualized dividend of $3.96 per share. The dividend is payable Feb. 14, 2024, to shareholders of record at the close of business Jan. 30, 2024. For future dividend increases, ONEOK expects…

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, February 14, 2024, to…