Petroleum distributor Magellan Midstream Partners (MMP) is pushing forward with its $18.8 billion merger of natural gas operator ONEOK (OKE). Magellan Midstream CEO Aaron Milford joins Yahoo Finance to discuss.
"It will also add natural gas liquids and natural gas to that mix," Milford says on the company's investments in diversifying its natural gas assets. "As you look forward, we feel very, very good about how powerful this company can be as an infrastructure company... And from a regulatory perspective, we have cleared the regulatory hurdles that we need to."
Milford also describes the opportunities and value that consolidation in the energy space offers amid the slow transition from traditional fossil fuel sources.
