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ONEOK Buys Brazos Midstream Permian Assets for $4.4B

Oilprice.com Read original source (opens in a new tab)
The Story

News Summary

  • ONEOK is acquiring Brazos Midstream's Permian Basin assets for $4.425 billion, funded via a $9 billion Apollo equity investment.
  • The deal expands gas gathering and processing across dedicated acreage from major producers including ExxonMobil, strengthening takeaway infrastructure.
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