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ONEOK to buy Brazos Midstream's Permian Midland Basin assets for $4.43 billion
Source: reuters.com
M&A & RestructuringEnergy Markets & PricesCompany FundamentalsCorporate Guidance & Outlook
ONEOK will acquire Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for about $4.43B, a deal that more than doubles its processing capacity in the region. The scale of the acquisition supports growth in a key resource basin and is likely to be viewed positively by investors as it strengthens regional midstream positioning.
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