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ONEOK to Grow Midland Midstream Footprint with Brazos Acquisition

Oil & Gas | intent | September 2, 2026 | Comment off

ONEOK Inc has signed an agreement to buy Brazos Midstream’s natural gas gathering and processing assets in the Permian Basin for $4.425 billion in cash, enabled by a new $9 billion minority equity investment from Apollo Global Management Inc. The Brazos system will more than double ONEOK’s processing capacity in the Permian’s Midland sub-basin to […]

ONEOK to buy Brazos Midstream’s Permian Midland Basin assets for $4.43 billion

Oil & Gas‚ Oil and Gas Industry | intent | August 31, 2026 | Comment off

ONEOK said on Sunday it has agreed to buy Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for around $4.43 billion, more than doubling the U.S. pipeline operator’s processing capacity in the region. The acquisition comes as pipeline operators in the U.S. are benefiting from increased oil and gas output in […]