ONEOK Finalizes $4.425 Billion Acquisition of Brazos Midstream Assets

ONEOK, Inc. has completed its $4.425 billion cash acquisition of Brazos Midstream's natural gas gathering and processing assets in the Permian Midland Basin. This strategic move more than doubles ONEOK's processing capacity in the region to approximately 2.3 billion cubic feet per day, strengthening its market position. The deal is supported by long-term fixed-fee contracts, ensuring stable revenue.