ONEOK to Buy Permian Gas Assets for $4.43 Billion

ONEOK agreed to buy Brazos Midstream's pipelines and gas-processing facilities in the Permian Basin — America's busiest oil and gas region — for $4.43 billion, Reuters reported August 31, 2026. The deal was signed August 30. Think of it as buying the plumbing that moves natural gas from wells to market. Financing and closing date weren't disclosed.