Sean Wheeler, Debbie Yee, Camille Walker, Julian Seiguer, Rachael Lichman, Rob Fowler, Jennifer Gasser, David Wheat, Bill Dong
January 24, 2026
Kirkland Advises ONEOK on Acquiring Medallion Midstream and Controlling Interest in EnLink Midstream in Separate Transactions Totaling $5.9 Billion

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AI-made summary
- Kirkland & Ellis advised ONEOK, Inc
- on two definitive agreements with Global Infrastructure Partners
- The first involves ONEOK acquiring GIP’s entire interest in EnLink Midstream, LLC, including 43% of EnLink’s outstanding common units at $14.90 per unit and 100% of the managing member interests for $300 million, totaling approximately $3.3 billion in cash
- The second agreement covers ONEOK’s acquisition of all equity interests in Medallion Midstream, LLC for $2.6 billion in cash.
Kirkland & Ellis counseled ONEOK, Inc. (NYSE: OKE) on its definitive agreement with affiliates of Global Infrastructure Partners (GIP) to acquire GIP’s entire interest in EnLink Midstream, LLC (NYSE: ENLC), consisting of 43% of EnLink’s outstanding common units for $14.90 per unit and 100% of the interests in the managing member for $300 million, for total cash consideration of approximately $3.3 billion. The Kirkland team on this deal was led by corporate partners Sean Wheeler, Debbie Yee and Camille Walker; capital markets partner Julian Seiguer; debt finance partner Rachael Lichman; and executive compensation partner Rob Fowler. Kirkland also counseled ONEOK on a separate definitive agreement where ONEOK will acquire from GIP all of the equity interests in Medallion Midstream, LLC, the largest privately held crude gathering and transportation system in the Permian’s Midland Basin, for $2.6 billion in cash. The Kirkland team on this deal was led by corporate partners Sean Wheeler, Debbie Yee and Jennifer Gasser; debt finance partner Rachael Lichman; tax partners David Wheat and Bill Dong; and executive compensation partner Rob Fowler. Read ONEOK’s press release on both deals
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Sean Wheeler, Debbie Yee, Camille Walker, Julian Seiguer, Rachael Lichman, Rob Fowler, Jennifer Gasser, David Wheat, Bill Dong
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