Mergers & AcquisitionsMedium•6 October 2026•
1 min read
ONEOK Completes Acquisition of Brazos Midstream Assets in Permian Basin
Key Facts
1ONEOK has completed the acquisition of Brazos Midstream's assets in the Permian Midland Basin.
2The deal establishes one of the largest integrated natural gas gathering and processing platforms in the Permian Midland Basin.
ONEOK has completed the acquisition of Brazos Midstream's assets in the Permian Midland Basin, GlobeNewswire reported. The deal establishes one of the largest integrated natural gas gathering and processing platforms in the region, aimed at expanding ONEOK's midstream footprint and integration within the high-growth Permian Basin.
OKE closed at $88.58 on October 5, 2026, prior to the announcement of the finalized transaction. The acquisition is expected to strengthen the company's position by connecting increasing natural gas and NGL production across its integrated infrastructure system.