ONEOK to Buy Brazos Midstream Permian Assets for $4.43 Billion

ONEOK agreed to acquire Brazos Midstream's natural gas gathering and processing assets in the Permian Midland Basin for $4.43 billion, per Reuters (August 31, 2026). ONEOK announced the definitive agreement on August 30. The deal adds field-level gas-handling capacity in the nation's most active oil and gas basin. Financing structure and closing date were not disclosed.