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EnergySingle-sourceMedium
5.5

Oneok acquires Brazos Midstream Permian assets for $4.425bn

Oneok agreed to buy Brazos Midstream's natural gas gathering and processing assets in the Permian's Midland sub-basin for $4.425bn cash, expanding its Permian footprint. The deal signals continued consolidation in US midstream as operators scale up to meet rising gas demand. Financial close and regulatory approvals remain pending.

bne IntelliNewsabout 19 hours agoUSengCredibility 54%View source

Score Breakdown

Mosaic Score5.5
Confidence0.9
Significance0.5
Source credibility0.5

Intelligence Tags

#midstream#natural gas#M&A#Permian#Oneok#Brazos Midstream

Locations

Permian BasinMidland Basin

Entities

countrymarket
Source

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